IBJA’s annual event i.e. India International Bullion Summit (IIBS-5) was held in Mumbai on 14th & 15th March, 2018. More than 800 Bullion dealers & Jewellers attended this event. Hon. Minister of Commerce informed the Jewellers that Govt. is working at strategy to increase the export of gold jewellery. He expressed concern over growth of gold Jewellery sector in spite of each village has a jeweller. Joint Secretary to Ministry of Commerce Shri Manoj Dwivedi explained how the Govt. is planning to make gold as an asset class and to increase the export of gold jewellery. Key note speaker for the event was Mr. Aram Shishmanian, Global CEO of World Gold Council & Ms Ruth Crowell, Chief Executive of LBMA. Technical symposium was organised for the first time in the country, which saw huge interest. Many delegates from Dubai, Singapore, Hong Kong, USA also attended the IIBS-5. The panel discussion included topics like Spot Gold Exchange, Gold Policy, Mandatory Hallmarking & Manufacturing Growth through Export. Presentations were also made for responsible gold Guidance, Option Trading in Commodities & Block Chain Technology. We are very happy to see the participation of Bullion Dealers & Jewellers in the Summit & let me assure that all the issue discussed here in shall be discussed & conveyed to Govt. so that same can be considered in implementation or frame work of Gold Policy. The event was also followed by 35 industry related Awards for the best in best of the industry. Lot of enthusiasm was seen in modus Operandi of proposed Gold Exchange & Govt. plans to make mandatory hallmarking. Some of the Jewellers expressed their concern on how gold will be made asset class as they foresee that PMLA shall be implemented soon. IBJA plans to start Jewellers awareness campaign in the entire country by educating the jewellers through various small seminar & round table conference. IBJA shall be entering its Centenary year and we have some big surprises in our centenary years for our members.
Indian Bullion and Jewellers Association Ltd. (IBJA) was established in 1919, as a result of the prevailing circumstances in the market that warranted an association with multi-faceted approach to the problems and challenges faced by the bullion traders in a newly liberated India. The IBJA has grown in its reach, stature and reputation over the years since its creation. It has proved to be an unbiased platform and is now considered the Apex association for all bullion and jewellery associations in India. Presently India is the world’s largest consumer of Gold bullion, gold jewellery and gold ornaments.
Change comes with the efforts of a leader who has vision. To revamp and upgrade the brand image of this legendary association who has witnessed all weathers of the bullion industry of India and not only Mumbai, a new wave of change is brought by the dynamism of the young president Mr. Mohit Kamboj.
In the era of information and technology being media savvy is the need of the hour for any brand to sustain in the market. Hence, print media is one of the most effective medium to remain on the top of mind recall of the customers. IBJA therefore, took initiative to have a magazine that interests all segments of the market.
Heartfelt and sincere thanks to the Governing Board of Directors, team members and the contemporary business associates for their faith in me and giving me the opportunity to serve as the National President for this well-regarded association. IBJA is thankful to the President Mr. Mohit Kamboj for being a staunch support of this association and taking IBJA to new heights
As a first step, IBJA will play a significant role in preparation of National Gold Policy, as suggested by the Ministry of Commerce.[/vc_column_text]