Author: Alastair Smith

For the financial year 2023-24, the jewellery export sector in India reported significant figures, particularly in the domain of plain gold jewellery, which saw a notable increase.The export of plain gold jewellery surged by 61.72% to reach US$ 6,792.24 million, up from US$ 4,199.96 million in the previous fiscal year.The gold sector’s performance starkly contrasts the broader trends observed in the gems and jewellery export industry, which faced several challenges over the same period.Detailed Sector PerformanceGold Jewellery TrendsStrategic MarketsColoured Gemstones and Other MetalsChallenges in the Diamond SectorIndustry Implications and Strategic AdjustmentsTrade Agreements and Policy ImpactVipul Shah, Chairman of the Gem…

In a significant move for the Indian gold market, the World Gold Council has announced the appointment of Sachin Jain as the new Chief Executive for India, starting March. This appointment comes at a crucial time for the gold industry in India, which is experiencing transformative changes.Extensive Background in the Jewellery IndustrySachin Jain brings to the table an extensive background, with over 13 years of experience at De Beers, where he notably served as the Managing Director of De Beers India. His tenure at De Beers was marked by his leadership in developing the De Beers Forevermark business across India…