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Women in the GJ Industry Pave the Way for Leadership and Innovation

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Empowered women from the Gem & Jewellery industry emphasized how every woman is an invaluable asset to any organization. The shared message was clear: women are most formidable when we unite, offering unwavering support, uplifting encouragement, and celebratory affirmation of each other’s achievements. The amplification of women’s voices is not a one-time act but a continuous process that requires ongoing cultivation. It demands a sustained commitment to creating an inclusive ecosystem where women are not just present but empowered to lead, innovate, and shape the future.

Here’s what leading women and entrepreneurs have to say about International Women’s Day and its significance.

Madhuri Dixit Nene -Indian Actress – Icon of Indian Cinema

“When you educate a girl child you educate a family. It is necessary to educate women. Education is the key to progress. As a people we have a responsibility to empower women; empowering women leads to a better society. We should ensure women are represented in all segments of society, in all sectors of industry. Women need to come forward and be an integral part of every sector.”

Nirupa Bhatt – Certified Independent Director -Leadership Coach and Consultant

“My journey in the bullion industry has been one of perseverance and purpose. At Aspect Bullion & Refinery, we are committed to fostering a landscape where expertise, not gender, defines success. By championing inclusivity and providing opportunities for aspiring women, we can ensure they play a pivotal role in shaping the future of India’s bullion and refining sector.”

Vaishali Banerjee -Managing Director – India, Platinum Guild International

“The gems and jewellery industry is witnessing a powerful transformation. Today, there are many more women who are redefining every facet be it as visionary designers, strategic business leaders, or discerning consumers seeking authenticity and value. As an industry we need to ensure that this momentum continues and gains even more power, because as more women step into leadership roles it will provide for a thriving and sustainable industry. At Platinum Guild International, we have always been dedicated to amplifying women’s voices, creating meaningful opportunities, and shaping leadership to be inclusive and forward-thinking. My journey as a leader with the company has only deepened my conviction of sustaining the culture of inclusiveness, diversity, meritocracy and equal opportunities.”

Khushboo Ranawat -Director- Swarnshilp Chains & Jewellers

“Every woman is a powerful asset to every company, contributing unique strengths and perspectives that drive innovation and growth. When one woman succeeds, it should serve as an inspiration for others to reach their fullest potential. We are at our strongest when we support, uplift, and cheer each other on, for together, we can break barriers and create a future where all women thrive.”

Hetal Vakil Valia -Jewellery educator, Designer, Manufacturer, Consultant, Entrepreneur

“Women belong in all places where decisions are being made.” – Ruth Bader Ginsburg

“The jewellery industry has long been a symbol of beauty and craftsmanship, but true brilliance comes from the women reshaping its future. I have carved my own path in this dynamic world—turning challenges into stepping stones and tradition into innovation. Empowerment, to me, means more than success; it’s about lifting others, redefining leadership, and proving that resilience and creativity have no limits. The future of this industry isn’t just sparkling—it’s unstoppable, because women like us are at the helm, setting new standards and shining on our own terms.”

Bharti Bangur– Owner & Founder – Bharti Bangur- Fine Jewels

“The gem and jewellery industry has long been a reflection of artistry and precision, and today, it is also becoming a space of empowerment for women. From design and craftsmanship to entrepreneurship and leadership, women are shaping the industry with creativity, resilience, and innovation. Breaking barriers and redefining traditions, their contributions are fostering a more inclusive and dynamic future. As more women step into key roles, mentorship and opportunities become crucial to sustaining this progress. The industry thrives when diverse perspectives are embraced, and empowering women is not just a movement—it’s the key to its continued brilliance.”

Aksha Kamboj – Vice President-IBJA- Executive Chairperson – Aspect Global Ventures

“My journey in the bullion industry has been one of perseverance and purpose. At Aspect Bullion & Refinery, we are committed to fostering a landscape where expertise, not gender, defines success. By championing inclusivity and providing opportunities for aspiring women, we can ensure they play a pivotal role in shaping the future of India’s bullion and refining sector.”

Nishtashri Srinivasan– Director, Emerald Jewel Industry

“I feel like everything in the world has reached a point where there is no more “women do this, and men do this”. Thanks to the universe and every force that has made this happen. I believe that women, are created to bring in warmth, love and aesthetics into the world. They can be such amazing nurturing leaders. The world needs nurturing and love more than anything now. So the role in my opinion, of the women in jewelry industry is to be nurturing leaders, bring in lots of creativity in designs or even in business models and shine on.”

SUHANI GARG – CO FOUNDER – NISHANI

“Jewellery has always been a personal expression, yet the industry has long dictated its form. With Nishani, I set out to change that—creating pieces as dynamic and versatile as the women who wear them. Breaking into luxury as a young female entrepreneur came with challenges, but true impact isn’t about following trends—it’s about creating something lasting. As more women lead in design and craftsmanship, they’re redefining the industry with fresh perspectives. This Women’s Day, I celebrate reinvention and the women who push boundaries, proving that success isn’t about fitting in, but standing out on your own terms.”

Gunjan Sapra – COO and HOD Jewellery Design-International Institute of Gemology

In Gem & Jewellery Industry, its inspiring women breaking barriers, redefining leadership, and revolutionizing the field with creativity and resilience.” We’re not just changing the face of the industry – we’re revolutionizing it. “Kolkata, the cultural and heritage city known for its art and craftsmanship, my journey started as a Jewellery Designer, with leading jewellery houses. Every step of my journey has shaped my vision, strengthened my expertise, and fuelled my commitment to mentoring the next generation of Jewellery professionals. Today, as the COO of the International Institute of Gemology (IIG), I am dedicated to advancing Gem and Jewellery education. Honoured with the GOLDEN GIRL AWARD and SHAKTI AWARD, I take pride in celebrating and empowering women in this dynamic industry.”

By fostering a culture of mutual support, celebration, and empowerment, Women Entrepreneurs & Celebrities are not just carving a space for themselves—they are shaping the entire landscape for future generations. As we continue to amplify women’s voices, let us remember that true progress comes from creating an environment where women are encouraged to lead, innovate, and redefine success. The journey towards a more inclusive and empowering industry is ongoing, and every step forward is a testament to the resilience and determination of women across the field.

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National News

Studded gold jewellery exports grow 126%  in five years

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India’s studded gold jewellery exports have shown remarkable growth, more than doubling from $2.7 billion in FY 2020-21 to $6.1 billion in FY 2024-255. This robust expansion stands out against a backdrop of global economic headwinds and a broader decline in India’s overall gem and jewellery exports. The surge reflects shifting consumer preferences, strategic industry adaptation, and the competitive advantage of India’s integrated jewellery manufacturing ecosystem.

  • Studded gold jewellery exports grew by 126% over five years, outpacing many other segments5.
  • Plain gold jewellery exports also saw a significant 150% rise, indicating broad-based demand5.
  • Despite an 11.7% decline in overall gem and jewellery exports in FY 2024-25, studded gold jewellery remained a growth driver35.

Drivers of Growth

1. Rising Gold Prices and Consumer Adaptation

  • Skyrocketing gold prices have prompted consumers to shift towards jewellery with less gold content but enhanced visual appeal, such as pieces studded with natural or lab-grown diamonds (LGDs)5.
  • Studded jewellery offers a cost-effective alternative, maintaining luxury appeal while managing material costs.

2. Local Manufacturing Ecosystem

  • India’s ability to produce both natural and lab-grown diamonds domestically gives manufacturers a pricing edge and supply chain control5.
  • The entire LGD process, from growth to setting, is handled in-house, ensuring quality and cost competitiveness.

3. Global Market Dynamics

  • Exporters executed over $1 billion in shipments ahead of new US tariffs, showing agility in responding to international trade shifts3.
  • While the US and China markets have been sluggish, demand for studded gold jewellery has remained resilient due to its adaptability and design innovation15.

4. Industry Innovation and Craftsmanship

  • Indian manufacturers have leveraged design excellence and skilled craftsmanship to cater to evolving global tastes, enhancing the appeal of studded gold jewellery1.

Challenges

  • Global Headwinds: The sector faces ongoing challenges from geopolitical tensions, trade sanctions, and competition from affordable lab-grown diamonds in other countries35.
  • Decline in Other Segments: While studded gold jewellery exports are up, exports of silver jewellery and lab-grown diamonds have declined sharply, reflecting uneven performance across categories3.
  • Tariff Uncertainties: New reciprocal tariffs in major markets like the US could affect future growth, requiring exporters to remain agile3.

Conclusion

India’s studded gold jewellery export boom is a testament to the sector’s ability to innovate and adapt in challenging times. By leveraging domestic strengths and responding quickly to global trends, Indian manufacturers have turned market challenges into growth opportunities, solidifying the country’s position as a global leader in the jewellery trade.

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National News

RBI’s Gold reserve valuation triples over a year to Rs 6.88 lakh cr.

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The Reserve Bank of India’s gold reserves have not just glimmered—they’ve exploded in value, tripling over the past year to a staggering ₹6.88 lakh crore. This surge is no mere accounting quirk. It’s a direct consequence of two powerful forces: the relentless rise in global gold prices and the RBI’s aggressive gold-buying spree, a strategy that now places India among the world’s most assertive central bank gold accumulators.

With 879 tonnes of gold—valued at nearly $97 billion at current prices—the RBI has emerged as the second-largest gold buyer among global central banks in 2024, surpassed only by China. Since the pandemic, India has added 244 tonnes to its reserves, and the pace has only accelerated amid escalating geopolitical risks and the specter of economic sanctions.

This is not just a story of numbers. It’s a reflection of a new world order in central banking, where gold is reclaiming its role as the ultimate hedge. The post-pandemic era, marked by the Russia-Ukraine conflict and recurring trade tensions between the U.S. and China, has forced monetary authorities to rethink their playbook. The global rush to gold—over 1,000 tonnes bought annually by central banks for three years running—underscores a collective anxiety about the durability of fiat currencies and the reliability of traditional reserve assets.

For India, the gold rush is both strategic and pragmatic. The RBI’s stated aim is to diversify its foreign currency assets and hedge against inflation and currency volatility. But the subtext is clear: in a world where sanctions can freeze reserves and trade wars can rattle markets overnight, physical gold offers a sanctuary that no digital ledger or sovereign bond can match.

The valuation windfall is also a timely buffer for India’s external accounts. With gold prices hitting record highs—₹95,935 per 10 grams on the MCX last week—India’s foreign exchange reserves have swelled, enhancing the RBI’s firepower to manage external shocks. This, in turn, sends a reassuring signal to markets about the central bank’s readiness for whatever turmoil lies ahead.

Yet, this golden moment is not without its caveats. The RBI’s buying spree has contributed to the very price surge that now inflates its balance sheet, raising questions about sustainability and the risk of a reversal if global sentiment shifts. Moreover, as central banks collectively pile into gold, the metal’s role as a “safe haven” could become a self-fulfilling—and potentially destabilizing—prophecy.

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National News

Avira Diamonds Enters South India Market with First Hyderabad Store

The lab-grown diamond brand launches in Madhapur as part of a broader expansion across Andhra Pradesh and Telangana.

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Avira Diamonds, the lab-grown diamond jewellery brand, has marked the beginning of its South India expansion with the opening of its first store in Hyderabad. The new outlet, located in the bustling neighbourhood of Madhapur, spans 1,600 square feet and showcases a diverse collection of jewellery, including earrings, bracelets, bangles, solitaires, and coloured diamonds.

This launch is a key step in Avira’s strategic growth across southern India, with plans to open additional stores in Andhra Pradesh and Telangana.

Suresh Jain, Founder and Managing Director of Avira Diamonds, shared his inspiration behind the brand’s vision: “The concept of earth-friendly diamonds instantly captivated me with its promise of sustainability and ethical sourcing. As I immersed myself in understanding this innovative approach, I discovered its profound potential to revolutionize the industry.”

He added, “With our first store in Hyderabad, we are excited to bring Avira’s signature craftsmanship and sustainable luxury to a city known for its rich legacy in jewellery and fine living. We’re here to make diamonds accessible to every Hyderabadi household.”

Avira Diamonds currently operates eight retail stores across Chennai, Bangalore, Puducherry, and Dubai. The brand continues to position itself as a leader in sustainable luxury, offering lab-grown diamonds that blend environmental responsibility with high-end design.

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