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The 2nd SEZ Gem and Jewellery Conclave

Conclave provided valuable insights in technology, branding, exports, SEZ policy

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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.

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Precious Metals Recover from Lows, Await Direction Amid Middle East Tensions AUGMONT BULLION REPORT

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  • Safe Heaven Dynamics – Gold and silver have rebounded from key psychological supports near Rs.1,30,000 and Rs.2,00,000, respectively, supported by oversold conditions and short-covering. However, prices remain under pressure as Middle East tensions persist, with uncertainty around negotiations and the reopening of the Strait of Hormuz keeping inflation risks elevated. 
  • Geopolitical Developments – While US President Donald Trump indicated a delay in potential strikes and mentioned “productive discussions,” Iran has denied any ongoing talks, and Israel continues military actions. This divergence is sustaining geopolitical uncertainty and market volatility.
  • Risk off sentiment – The recent sell-off reflects a classic liquidity-driven phase, where investors liquidate profitable assets like gold and silver to meet margin calls in other asset classes. This indicates positioning-driven moves rather than a change in long-term fundamentals.

Technical Triggers  

  • Gold: Rebounded from $4100 (~Rs.1,30,000) to $4500 (~Rs.1,42,000); likely to consolidate before targeting $4750 (~Rs.1,48,000).
  • Silver: Recovered from $61 (~Rs.2,00,000) to $71 (~Rs.2,28,000); expected to consolidate before moving towards $75 (~Rs.2,40,000)

Support and Resistance

International Gold Support Level
International Gold Resistance Level
: $4100/oz
: $4750/oz
Domestic Gold Support Level
Domestic Gold Resistance Level
: Rs 130,000/10 gm
: Rs 148,000/10 gm

International Gold Support Level
International Gold Resistance Level
: $61/oz
: $75/oz
Domestic Gold Support Level
Domestic Gold Resistance Level
: Rs 200,000/kg
: Rs 240,000/kg
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