Browsing: Gold

The All India Jewellers and Goldsmith Federation (AIJGF) met Union Minister Shri Chirag Paswan Ji to discuss concerns regarding the jewellery industry, gold demand, livelihoods, and the proposed Bullion Bank Framework aimed at reducing India’s Gold Import Bill.

AIJGF has urged the Government of India to establish a regulated Bullion Bank Framework to mobilise idle gold, reduce the Gold Import Bill, and safeguard the livelihoods of nearly 35 million people connected to the jewellery and bullion ecosystem.

A major gold smuggling case at Delhi Airport has highlighted growing concerns over increasing illegal gold trafficking after India raised import duties on precious metals. Customs officials seized 115 gold bars worth over ₹5.7 crore from a US passenger arriving from San Francisco, pointing to a broader rise in organised smuggling activity.

CA Surendra Mehta, National Secretary of IBJA, discusses the challenges around gold imports, Gold Monetisation Scheme (GMS), lending and borrowing regulations, and key government measures aimed at controlling CAD and reducing pressure on the rupee.

GJC organised a virtual Industry Meet on 13th May 2026 with participation from over 250 jewellers and stakeholders across India to discuss the impact of the recent import duty hike on Gold, Silver & Platinum and the future outlook of the Gems & Jewellery industry.

Swarna Shilpa Bachao Committee (SSBC) has highlighted the growing challenges faced by India’s gems and jewellery sector due to increased import duties on precious metals and weakening demand sentiment across the market.

Diane Kruger made a stunning appearance at the 79th Annual Cannes Film Festival wearing iconic Jean Schlumberger by Tiffany & Co. jewellery creations, including earrings, bracelets, and rings featuring rare pink sapphires, yellow diamonds, spinel, and multicolored sapphires.

P N Gadgil Jewellers Limited announced its audited FY26 financial results, reporting record consolidated revenue of ₹1,07,391 million, up 39.6% YoY, while Profit After Tax surged 87.8%. The company witnessed strong growth across retail, franchise, e-commerce, gold, silver, and diamond jewellery categories, alongside continued store expansion across India.

PNG Jewellers has announced Swarna Swaraj, a nation-first initiative designed to activate India’s dormant household gold reserves, reduce dependence on gold imports, and encourage responsible gold consumption through recirculation, lower-karat adoption, community outreach, and policy advocacy.

India commenced the Kimberley Process Intersessional Meeting 2026 in Mumbai under its Chairship, bringing together global participants, observers, and industry stakeholders to discuss monitoring, compliance, sustainability, and consumer confidence in the natural diamond trade.