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 Rebound As Fed Rate Fears Ease
Recent Volatility In Technology Stocks Pushed Investors To Seek Shelter In Traditional Safe-Haven Assets
Gold and silver surged on Saturday, June 27, building on recent gains after cooler US inflation data alleviated worries about potential Federal Reserve interest rate hikes. This rebound follows a sharp downturn last week, which had dragged bullion down to its lowest levels since November 2025.
Spot Gold: Advanced 1.6% to settle at $4,089.80 per ounce in New York. Spot Silver: Climbed 2.2% to reach $59.15 per ounce. Other Metals: Platinum and palladium also posted gains.
Beyond the macroeconomic data, broader market anxiety fueled the rally. Recent volatility in technology stocks—largely driven by shifting sentiment around Artificial Intelligence (AI)—pushed investors to seek shelter in traditional safe-haven assets. Despite a 1.7% intraday surge on Friday, gold remains on track for its fourth consecutive weekly decline, marking its longest weekly losing streak since August 2023.
Meanwhile, Indian domestic retail prices held steady on Saturday, maintaining their elevated positions. In Mumbai, prices closely mirrored national trends: 24K Gold: Rs. 1,44,300 per 10 grams.999 Fine Silver: Rs. 2,22,850 per kilogram
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