Browsing: Gold

The Chennai Wholesale Jewellers Association (CWJA) is organising the “Game Changer – Talk Show” featuring prominent jewellery industry leaders, discussions on MEPZ export opportunities, and networking sessions aimed at driving innovation and growth in the gems and jewellery sector.

Sky Gold and Diamonds Limited delivered a strong FY26 performance with revenue growing 77.4% YoY to ₹6,294.9 crore, driven by strong retail partnerships, lightweight jewellery demand, operational efficiency, and continued expansion in the organised jewellery manufacturing sector.

Senco Gold & Diamonds posted its highest-ever FY26 topline of Rs 8,430 Cr and PAT of Rs 574 Cr, driven by strong wedding demand, old gold exchange momentum, showroom expansion, lightweight jewellery demand, and robust diamond sales growth across India.

JKS Jewels Pvt. Ltd. is set to celebrate the grand opening of its new Bengaluru office with an impressive gathering of industry leaders, dignitaries, celebrities, and jewellery stalwarts on 8th June 2026, followed by an exclusive jewellery showcase and gala evening at JW Marriott Bengaluru.

GJEPC has called upon industry stakeholders to submit urgent recommendations on gold monetization, CAD reduction, promotion of low-karat jewellery, old gold recycling, export incentives, and anti-smuggling measures as part of a consolidated industry proposal to the Government of India.

HIJS 2026 concluded successfully in Hyderabad, reinforcing its position as one of South India’s leading B2B jewellery exhibitions with exceptional trade participation, strong order bookings, networking opportunities, over 180+ brands, and more than 2 million jewellery designs showcased.

Bhima Jewellery marked another milestone in its century-long legacy with the grand opening of its new showroom in Virudhunagar. The launch event was attended by actress Aishwarya Rajesh along with senior leadership from the brand, reflecting Bhima Jewellery’s continued focus on expansion and customer engagement.

The Kerala Gold and Silver Merchants Association has expressed serious concerns regarding recent statements discouraging gold purchases in India, highlighting the impact on livelihoods, trade, GDP, tax revenue, bullion imports, and the broader jewellery industry ecosystem.

GJC and GJEPC are leading industry consultations on the Gold Monetization Scheme after a Ministry of Commerce meeting on reducing the Current Account Deficit (CAD), with stakeholder suggestions invited until 30th May 2026.

India’s gold market is adjusting to a record import duty increase after the government raised gold import duty from 6% to 15% in May 2026. According to the World Gold Council, the move has widened domestic discounts, influenced ETF flows, increased smuggling incentives, and is expected to moderate gold demand during 2026.