Page 5 - Bullion World Volume 02 Issue 12 December 2022

sequelglobal.com Bullion World | Volume 2 | Issue 12 | December 2022

EDITORIAL

Dear Readers,
USE TECHNOLOGY.

The great Indian wedding season, which runs between November 15, 2022,
OR, GET USED and February 2023, would witness around 3.2 million weddings, creating
incremental demand for precious metals. Major players in the organised
BY HUMANS. segment are bracing themselves to meet the demand expectation of

the consumers. The retailers have stocked enough collections and are
investing heavily in brand marketing. Retailers are expecting demand
to be at least 15 to 20 % more than pre covid levels. This wedding
season would be different, with consumers preferring multiple pieces of
Sequel runs on technology that is lightweight jewellery rather than heavy jewellery.
transparent, efficient, empowering.
On infrastructure creation, the key project is upcoming of the SEEPZ,
through which the Ministry of Commerce, along with GJEPC, is helping
build the Mega Common Facility Centre. This facility will support with
latest imported technology to cater to DTA as well as SEZ exporters. Through this facility, the Indian jewellery
With our Sequel247 app, you can:
industry could optimise itself through the maximisation of skills, increased output efficiency through world-class
Book multiple pickup requests machinery and eventually cut down costs to remain competitive. The project is expected to be completed by April
Track your shipment 2023. On the policy side, the industry is eagerly awaiting the upcoming DESH bill and e-commerce policy.
Make online payments
View the overall summary of According to the data from the Ministry of Commerce, India gold imports for the period April – October 2022
had fallen by 17.38 %, to USD 24 billion, compared to USD 29 billion during same period last year. Imports during
your shipments
October 2022 saw a decline of 27.47% to USD 3.7 billion. Similarly, the import of silver during the same period
declined by around 34.80%, to USD 585 million compared to last year.
And be a part of the complete
logistics process! This issue talks about Central Bank Digital Currency and Gold trade in India, authored by Prof. Arvind Sahay –
Chairperson, IGPC @IIM Ahmedabad & Mr Harish Chopra – Vice President & Head, IGPC @ IIM Ahmedabad.
On retail jewellery, rating Agency ICRA shares its perspectives on segment growth and future potential.
Mr Navin Dsouza, Co-founder & CEO of ComTech Gold, shares his perspective on The Era of Digital Gold. Jewellery
e-commerce consultant Mr Deepak Tulsian of Mywisdomlane.com has shared his perspective on "Opportunity
and potential for the jewellery e-commerce market in India".

On international subjects, we have an interesting write-up on the Hanai Gold Forum by SBMA and summary of
2022 Interim Silver Market Review by Metals Focus.

Do you have any exciting stories to share? Please write to us at editor@bullionworld.in. It can be in the Indian or
global precious metals and jewellery industry.

Best wishes,
G Srivatsava
Editor

secure@sequel.co.in linkedin.com/SequelLogistics +91 901 902 4444
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