by Suman Gupta
Middle East Tensions May Push Gold Prices Higher Before Akshay Tritiya: Industry Prepares for Volatility
Mumbai: The All India Gem & Jewellery Domestic Council (GJC) stated that rising geopolitical tensions in the Middle East could lead to short-term volatility in global gold prices ahead of the Akshay Tritiya buying season, potentially influencing jewellery prices and consumer purchasing trends in India.
Industry leaders noted that the Middle East, particularly Dubai, remains a key global hub for bullion trade and a major gateway for gold entering Asian markets, including india. Any escalation in the region could impact global bullion liquidity disrupt supply chains, and influence price discovery.
Despite potential price fluctuations, the Indian jewellery industry expects demand to remain steady supported by the ongoing wedding season, strong cultural affinity for gold, and the growing presence of organised retail Consumers are increasingly opting for lighter gold jewellery and diamond-studded designs when prices rise.
India continues to remain a global leader in the diamond trade, processing over 90% of the world’s diamonds by volume, with Surat and Mumbai serving as major hubs supplying polished diamonds to markets across the US, Europe, the Middle East, and Asia.
GJS: The All India Gem and Jewellery Domestic Council (GJC), the apex industry body representing India’s domestic gem and jewellery sector, will host the 9th edition of the India Gems and Jewellery Show (GJS April 2026), affectionately known as “Humara Apna Show. ” The most premium B2B jewellery exhibition is set to take place from 4th to 7th April 2026 at the Jio World Convention Centre, Mumbai. This edition’s theme is Akshay Kala: The Eternal Art, Celebrating timeless craftsmanship and innovation in the jewellery industry.
GJS has firmly established itself as a key business platform for industry stakeholders to explore new opportunities, strengthen trade relationships, and drive future growth.
Strategically scheduled ahead of Akshaya Tritiya and shortly after Gudi Padwa, coinciding with the peak wedding season, GJS April 2026 will host over 400 exhibitors across 700+ booths and is expected to attract 15,000+ visitors. More than 2,000 room-nights will be arranged for hosted buyers, ensuring a seamless experience for retailers sourcing jewellery from a wide spectrum of manutacturers and wholesalers under one roof.
A powerful platform where ideas are churned and the future of the industry is shaped, Manthan will be a high-impact research seminar dedicated to building the Vision Blueprint 2047- positioning India as the Jeweller to the World. Scheduled for 3rd April 2026 from 10:00 am onwards at the Jio World Convention Centre in Mumbai.
Organised by GJC in collaboration with the India Gold Policy Centre (IGPC), a joint initiative by IM Ahmedabad and the World Gold Council (WGC), Manthan will bring together Policy makers, industry leaders, and experts to deliberate on crtical issues, emerging trends. and policy developments. Through interactive discussions, Manthan aims to foster collaboration and provide strategic insights for sustainable growth and global competitiveness.
An inspiring and transformative Exclusive Session for Elite Family Jewellers designed
exclusively to industry leaders and visionary jewellers wil be held as part of GJS April 2026 non3rd April from 4 pm onwards at the Jio World Convention Centre in Mumbai. This special gathering will feature Dr. Vivek Bindra, renowned international motivational speaker, CEO & Founder of Bada Business, and leading business coach.
This edition will have Mindspeak which is a knowledge-driven seminar series curated alongside GJC, designed to facilitate discussions on evolving consumer preferences, emerging demand trends, and product innovations. It brings together industry leaders, entrepreneurs, and creative thinkers to exchange ideas and explore consumer trends, digital transformation, and the future of jewellery retail.
The All India Gem and Jewellery Domestic Council (GJC) unveiled its new official logo, marking an important milestone in its journey and reaffirming its commitment to strengthening India’s vast gem and jewellery ecosystem. The unveiling celebrated GJC’s new look, inspired by continued passion, reflecting the council’s dedication to the growth and progress of the industry.
At the heart of the emblem is a diamond shape, symbolising the strength and unity of the nearly six lakh businesses that form the backbone of the industry- from artisans and manufacturers to wholesalers and retailers. Integrated within the diamond is the letter ‘G’, representing Gems, Gold, and Growth, the core pillars of GJC’s mission.
A prominent upward arrow within the design signifies progress, innovation, and the industry’s rising contribution to India’s economy, while also highlighting the sector’s commitment to skill development and modernisation. The gold and emerald colour palette reflects prosperity, trust, and sustainability, aligning with GJC’s motto – Protecting, Progressing and Promoting the Indian Gem & Jewellery Industry.
Mr. Rajesh Rokde, Chairman, GlC said “The 9th edition of Humara Apna Show is not just an exhibition-it is a celbration of India’s eternal artistry and festive spirit. Timed perfectly between Gudi Padwa and Akshaya Tritiya, GJS 2026 wil showcase exquisite collections and strengthen trade ties across the value chain. Alongside this, Manthan will provide a vital platform for ideas and policy discussions, shaping India’s vision as the Jeweller to the World. At the same time, the unveiling of our new logo marks a defining milestone, symbolising the strength of our ind ustry through the diamond and its forward momentum through the arrow. Together, these initiatives reflect our commitment to preserving India’s rich jewellery legacy while guiding it toward a progressive and globally competitive future.
Mr. Avinash Gupta, Vice Chairman, GJC said “GJC April 2026 is designed as a powerful platform for jewellers of all sizes to explore new designs, discover emerging trends, and connect with peers across the industry. With over 400 exhibitors and interactive Mindspeak seminars ,the show will boost festive demand and spark fresh ideas that will shape the future of the trade.our new emblem further reinforce this vision -capturing Gems, Gold, and Growth as the pillars of our mission. The upward arrow within the diamond reflects our rising economic contribution and continuous drive for innovation, skill development, and sustainability.
Mr. Saiyam Mehra, Immediate Past Chairman & Convenor of GJS said “GJS has always been about empowering jewllers with opportunities that go beyond business. The Exclusive Session for Elite Family Jewellers exemplifies this mission, offering transformative insights on leadership and growth. By curating such experiences, GJS reinforces its role as the ultimate destination for inspiration, innovation, and excellence. Alongside this, our refreshed identity embodies resitience and dynamism- ensuring hat family jewellers and industry stakeholders alike are equipped to navigate the future with confidence and vision.”
About GJC: AlIndia Gem and Jewellery Domestic Councilis a national trade council established with the objective to address the industry, its functioning, and its cause with a 360 approach to promote and progress its growth, while protecting the industry s interests. As a self-regulated trade body, GJC, since the last 20 years, has been serving as a bridge between the Government and the trade as well as undertaking various initiatives on behalf of and for the industry.
