Mumbai, India – March 18, 2026
Rising geopolitical tensions in the Middle East could push global gold prices higher ahead of the Akshaya Tritiya buying season, the All India Gem and Jewellery Domestic Council (GJC) said on Tuesday, signaling potential volatility in India’s jewellery market.
Middle East Tensions May Impact Gold Supply and Pricing
Industry experts highlighted that the Middle East, particularly Dubai, plays a crucial role in global bullion trade and serves as a major gateway for gold into Asian markets, including India. Any escalation in the region could disrupt supply chains, impact liquidity, and influence global price trends.
Short-term volatility in gold prices is expected, which may directly affect jewellery pricing and consumer purchasing behavior in the coming weeks.
Demand Likely to Stay Resilient Despite Price Fluctuations
Despite concerns over price movements, the industry expects steady demand driven by the ongoing wedding season and strong cultural affinity for gold in India. Organized retail expansion is also supporting consistent buying patterns.
Consumers are increasingly shifting toward lightweight gold jewellery and diamond-studded designs when prices rise, reflecting evolving purchasing preferences.
India’s Strong Position in Global Diamond Trade
India continues to dominate the global diamond industry, processing over 90% of the world’s diamonds by volume. Key hubs such as Surat and Mumbai supply polished diamonds to major international markets, including the United States, Europe, the Middle East, and Asia.
Unveils Its New Logo
GJS April 2026 to Drive Industry Momentum
The GJC announced the 9th edition of the India Gems and Jewellery Show (GJS April 2026), scheduled from April 4 to 7 at the Jio World Convention Centre in Mumbai.
Branded as “Humara Apna Show,” the B2B exhibition will feature more than 400 exhibitors across 700+ booths and is expected to attract over 15,000 visitors. The event is strategically timed ahead of Akshaya Tritiya and during the peak wedding season to maximize business opportunities.
‘Manthan’ to Shape Industry Vision 2047
Ahead of the exhibition, a high-impact research seminar titled “Manthan” will take place on April 3, focusing on building the Vision Blueprint 2047 to position India as the “Jeweller to the World.”
Organized in collaboration with the India Gold Policy Centre (IGPC)—a joint initiative of IIM Ahmedabad and the World Gold Council—the seminar will bring together policymakers, industry leaders, and experts to discuss policy, trends, and future growth strategies.
Knowledge Sessions and Leadership Engagements
The event will also feature “Mindspeak,” a knowledge-driven seminar series addressing evolving consumer preferences, digital transformation, and product innovation in the jewellery sector.
Additionally, an exclusive session for elite family jewellers will include insights from global business coach Dr. Vivek Bindra, focusing on leadership and growth strategies.
GJC Unveils New Logo Reflecting Industry Growth
The GJC also unveiled its new official logo, symbolizing a renewed commitment to strengthening India’s gem and jewellery ecosystem.
The design features a diamond shape representing unity across nearly 600,000 businesses in the sector, from artisans to retailers. The integrated “G” highlights Gems, Gold, and Growth, while an upward arrow signifies progress, innovation, and economic contribution.
The gold and emerald color palette reflects prosperity, trust, and sustainability, aligning with the council’s vision of advancing the industry while preserving its legacy.
Industry Leaders Highlight Strategic Importance
GJC Chairman Rajesh Rokde described GJS 2026 as more than an exhibition, calling it a celebration of India’s craftsmanship and a platform to strengthen trade relationships.
Vice Chairman Avinash Gupta emphasized that the event will help jewellers explore new trends and boost festive demand, while also reinforcing innovation and sustainability.
Saiyam Mehra, Immediate Past Chairman and Convenor of GJS, noted that the initiative aims to empower jewellers with insights and opportunities beyond traditional business frameworks.
Conclusion
With global uncertainties influencing gold prices and domestic demand remaining strong, the upcoming festive season is expected to be a critical period for India’s jewellery market. Events like GJS April 2026 are set to play a key role in shaping industry trends, fostering collaboration, and driving future growth.
