GJ Town India

  GJC & the market noted record high gold & silver!   Looking at the Weekly Blog of Dr. Renisha Chainani, Head- Research, Augmont - Gold for all; Geopolitical tensions in the Middle East, particularly those involving the US, Iran, and Israel, maintain the demand for safe-haven assets high, which is keeping precious metals in a bullish momentum. China and Russia are the two central banks that are still hoarding physical gold, and the Dollar Index's stabilization below 105 provides another technical tailwind.   The rally has been mostly fueled by the threat posed by President Donald Trump's aggressive tariff program to global economic development, but the recent spike in geopolitical risk has given it further energy. In 2025, gold has increased by almost 30% , and central banks' attempts to diversify away from the dollar have been a major factor.   Over the weekend, Israel and Iran bombarded one another with missiles and drones, with the fighting raising energy...

  Angola to host NDs promotional initiatives in Luanda   The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the Indian gem and jewellery industry, will be participating in the Ministerial RoundTable on Natural Diamond [ND] Promotion, scheduled to take place on 18 June 2025 in Luanda, Angola.   Representing India at this prestigious global forum will be Shaunak Parikh, Vice Chairman, GJEPC, and Sabyasachi Ray, Executive Director, GJEPC. Their presence underscores India’s continued commitment to supporting a resilient, transparent, and sustainable natural diamond industry. Organised by Angola’s Ministry of Mineral Resources, Petroleum and Gas (MIREMPET), the high-level summit is bringing together ministers and senior representatives from leading diamond-producing nations including Botswana, Namibia, South Africa, Sierra Leone, and the Democratic Republic of Congo, along with key stakeholders across the global diamond value chain.  ...

Determined to push up GJ exports yet watchful on inventories!   According to the media sources, Bharat’s Gem & Jewellery [GJ] export & import [Exim] are highly impacted by global geopolitical scenario and uncertainties. Additionally, global power center is also shifting. In the changing and shifting supply line priorities over collapsed globalisation of commerce & industry, including Exim practices; Bharat is also facing the global challenges!    The overall gross exports of Gems & Jewellery at US$ 2263.42 million (Rs. 19260.81 crores) in the month of May 2025 is showing a decline of 15.81% (-14.07% in Rs. term) as compared to US$ 2688.38 million (Rs. 22414.02 crores) for the same period of previous year. The overall gross imports of Gems & Jewellery at US$ 1689.61 million (Rs. 14393.12 crores) in month of May 2025 is showing a decline of 12.96% (-11.07% in Rs. term) as compared to US$ 1941.29 million (Rs. 16184.80 crores) for the same period o...

  Aim to protect diamond consumers from misleading marketing   Recently, Diamond Reports, Laboratory-Grown Diamond Facts; that published by Natural Diamond Council [NDC] suggested the Disclosure Rules for Retailers! One, Canadian diamonds have been the most tracked and traced diamonds in the world.    There have been many different brands of Canadian diamonds backed by these have been different types of tracking systems that followed Canadian diamonds on their journey of discovery, to auction, manufacturing, and wholesalers/ retailers and ultimately to the consumers.    It’s been a source of pride for the ones that own it and are aware of their journey of their diamond. Kevin Vantyghem, Canadian Jewellers Association. At the Iconic Polar Bear Diamonds; the report said, the Polar Bear insignia is the oldest brand in NWT. It  is owned by the GNWT and has been licensed for use by select companies over the years. Today, Diamonds  de Canada...

  The next target is Rs 111,000 if this positive momentum continues   Colin Shah, MD, Kama Jewelry said, "The gold prices in India hitting an all-time-high is on the much-expected lines given the latest development in international geopolitical tensions, and weakening of the INR. The uncertainties drive up the demand of gold as a safe investment haven as compared to other asset classes. The price trend is going to face some resistance which will keep it below 1 lakh in the short-term.   However, prices may see some correction due to bouts of volatility. We anticipate prices to hover in the range of Rs. 1,00,200 - 1,00,500 on MCX, subject to international economic influences." In the row it is interesting to focus on Augmont Bullion’s Daily report for the 10, 11 & 12 June 2025,  where, Indian Gold resistance that recorded at Rs 99000/10 gm and Indian Silver Resistance Level at Rs 111,000/kg. And these resistance barriers that broken away on the Friday, J...

  Air India Flight AI 171, crashed shortly after take-off on 12 June    On behalf of the Gem & Jewellery Export Promotion Council (GJEPC), Kirit Bhansali, Chairman, GJEPC  Shaunak Parikh, Vice Chairman, GJEPC said, we are deeply saddened to learn that former Gujarat Chief Minister Vijay Rupani was among those on board the ill-fated Air India Flight AI 171, which tragically crashed shortly after take-off from Ahmedabad on 12 June 2025. Rupani was not only a distinguished statesman but also a true friend of our industry. As recently as the 46th edition of the India Gem & Jewellery Awards (IGJA) held in Surat in 2021- where he graced the event as Chief Guest, he demonstrated genuine warmth and support towards the gem and jewellery community.    He remained a staunch advocate for our sector, offering valuable insights, encouragement, and a deep understanding of our challenges and aspirations. His gracious demeanour and steadfast support left a lasting i...

  The evolving dynamics of the father-daughter bond   This Father’s Day, De Beers Group, the world’s leading diamond company, brings to light the evolving dynamics of the father-daughter bond through a heartfelt moment shared between Arjun Rampal and his daughter Myra Rampal; celebrating not only the love between parent and child, but the personal milestones they grow through together.   In a warm, candid visual, Myra is seen wearing a natural diamond solitaire in her second ear piercing, symbolising a new-age ritual of self-expression and independence- one that her father encouraged and embraced. For both, it marked a moment of trust, mutual respect, and evolving roles. "She’s always been her own person," shares Arjun Rampal. "But what’s beautiful is how she lets me be part of her journey; not just as a dad, but as a friend, a student, and sometimes, a little lost until she shows me the way." This intimate portrayal highlights how the second ear piercing, o...

Zimbabwe, North American & Canadian mined less!   Recently, World Platinum Investment Council [WPIC] published their Platinum Quarterly for the Q1 2025 for the Supply. At the Supply front WPIC said, global refined mine supply of platinum faced significant headwinds in Q1’25, with weakness across all major producing regions except for Russia.   Despite a relatively low base in Q1’24, supply fell 10% year-on-year to 1,108 koz in Q1’25, the lowest quarterly  output in the time series, with the exception of the Anglo-American Platinum ACP shutdown in Q2’20. South Africa accounted for the bulk of the decline, with output down 10% year-on-year to 715 koz. The country experienced unusually intense rainfall during the quarter, with particularly severe rain in February causing widespread flooding.  River overflows and the collapse of a dam resulted in flooding at parts of the underground Amandelbult mine, where full operations are not expected to resume until Q3’25f. Seve...

  Emphasizes Antwerp’s role for NDs more explicitly than ever before   The Antwerp World Diamond Centre (AWDC), which represents the interests of 1,470 Belgian diamond companies, launched its new campaign: We Protect A Legacy. With this campaign, AWDC emphasizes Antwerp’s role as the world trading center for Natural Diamonds [NDs] more explicitly than ever before.   The federation also aims to raise public awareness about the fundamental differences between natural and synthetic diamonds; two products that may look alike on the outside but are fundamentally different in nature. The campaign was launched in Antwerp’s Stadsfeestzaal with a striking public stunt: passers-by can turn a gumball machine and receive a synthetic diamond for just five euros. This symbolic act highlights the stark contrast in value between synthetic and natural diamonds. With a rich history of nearly 580 years, the natural diamond trade is deeply embedded in the DNA of Antwerp. The ‘We Pr...

  Headlined Botswana, Angola & Qatar desirous to join WFDB   The WFDB Presidents’ Meeting 2025 in New York, in cooperation with the Diamond Dealers Club of New York, concluded last night after 2.5 days of speeches, panels, site visits, a gala dinner and networking among the leadership of the international diamond community. “We are not just preserving the diamond industry; we are building its future.” With these powerful words, WFDB President Yoram Dvash opened this year’s plenary, addressing the global leaders of the natural diamond trade. He said that now is the time to lead with ethics, clarity, and unity to protect the value and legacy of the natural diamond and to ensure that the industry’s voice is heard globally.    Botswana President Duma Boko in a keynote address spoke powerfully about the central role of diamonds in Botswana’s economic development and reaffirmed the country’s commitment to ethical practices and transparency in the natural diamond indu...