International News
The 2nd SEZ Gem and Jewellery Conclave
Conclave provided valuable insights in technology, branding, exports, SEZ policy
The Second SEZ Gem and Jewellery Conclave held at Bharatratnam Mega CFC in SEEPZ, Mumbai, brought together influential stakeholders from across the gem and jewellery sector to deliberate on industry growth, innovation, and policy advancements.The conclave provided valuable insights into the latest industry trends in technology, branding, exports.
The conclave was inaugurated by Dr P Anbalagan, IAS, Principal Secretary, Industries Department, Government of Maharashtra. Present at the inauguration were Kirit Bhansali, Chairman, GJEPC, Saunak Parikh, Vice Chairman, GJEPC, Suvankar Sen, MD, Senco Gold & Diamonds, Sabyasachi Ray, ED, GJEPC, Colin Shah, Head of the Working Group, Bharat Ratnam Mega CFC and Adil Kotwal, Director – SEEPZ GJ Manufacturers Association.
Dr. P Anbalagan in his inaugural address said “The Union and state governments aim to grow India’s economy from USD 3 trillion to USD 30 trillion, requiring double-digit growth across sectors, with Maharashtra as a key driver. As the state with the highest FDI, Maharashtra targets a USD 1 trillion economy in 4-5 years, needing 13-14% annual growth. We are looking at the GJ sector as generator of employment and employment.The employment intensive GJ sector will be cornerstone of Maharashtra becoming a $1 trillion economy.The GJ sector in Maharashtra is contributing 47 per cent of India’s GJ exports.”
Track 1 – Technology included: Platinum Group Metal Recycling , Dr Debashish Bhattacharya, Technical Director of Covalence, India, Casting, Stamping and Tubing in Platinum, Dr. Peter Hofmann, Chairman of INDUTHERM, Germany and Rakesh Jangid, Technical Director, Lagor India, 3D Printing of Precious Metal for Commercial Use-Dr Andrea Friso, R&D Head, Legor Italy ,Technology in Diamond Testing, Jayant Kulkarni , Partner ,SGL, Challenges in Identification of Lab Grown Diamonds by Deepa Srinivasa, Chief Gemmologist – Research & Development – GSI, India
Track 2 – Branding included: Redefining Businesses by Sachin Jain, Educator, LÉCOLE School of Jewellery Arts , Dubai, Revitalizing Diamond Desire by Amit Pratihari, Managing Director, De Beers.
Track 3 – Investments included: Booster to G&J Manufacturing by Sabyasachi Ray, Executive Director, GJEPC ,Draft Report of Common SoP for SEZs by Nishant, Partner, ELP.
With key decision-makers in attendance, the conclave promises to be an influential platform for shaping the future of the sector.
International News
Precious Metals Under Pressure As Middle East Escalation Fuels Inflation and Rate Concerns AUGMONT BULLION REPORT
Gold Stabilized Near $4,500 After A Near 2% Decline, Weighed Down By Escalating Middle East Tensions That Have Pushed Energy Prices Sharply Higher
- Safe-Haven Dynamics – Gold stabilised near $4,500 after a near 2% decline, weighed down by escalating Middle East tensions that have pushed energy prices sharply higher and stoked inflation fears. The resulting inflationary pressure has reinforced market expectations that central banks will maintain elevated interest rates for an extended period.
- Geopolitical Developments – US forces successfully defended against Iranian attacks while escorting two American-flagged vessels through the Strait of Hormuz. The UAE intercepted Iranian cruise missiles and attributed a significant fire at its Fujairah port to an Iranian drone strike. These incidents followed President Trump’s directive to restore safe passage through Hormuz and assist stranded vessels, though shipowners remain cautious given the heightened security environment.
- Macro-economic Signals – The renewed escalation has undermined confidence in the four-week ceasefire, triggering a surge in oil prices and global bond yields on expectations of tighter monetary policy ahead. The CME FedWatch Tool indicates the Fed will hold rates steady through 2026, while markets have begun pricing rate hikes for 2027 — the probability of a January 2027 increase has jumped to 22% from near zero just one week prior.
Technical Triggers
- Gold is expected to trade in the range of $4500-$4850 (~ Rs 148,000 -155,000).
- Silver is expected to trade in the range of $71-$80 (~ Rs 235,000 -255,000).
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4450/oz : $4850/oz : Rs 145,000/10 gm : Rs 155,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $68/oz : $77/oz : Rs 225,000/kg : Rs 255,000/kg |
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