An international exhibition of jewellery machinery will begin in Dhaka on Thursday (July 04, 2024) to promote technology integration in traditional jewellery-making to turn the country's gold industry into an export-oriented one. Bangladesh Jeweller's Association (BAJUS) in association with Indian partner KNC Services is organising the International Jewellery Machinery Expo Bangladesh (IJMEB), the first of its kind in the country, said a press release. The expo will be open for three days from 11am to 7pm at International Convention City Bashundhara (ICCB) with the theme 'Technology for excellence in jewellery'. Thirty companies from 10 countries, including India, Italy, Turkiye, the United Arab Emirates, Germany, China and Thailand, have confirmed their participation in the first edition of the expo. About the international expo, BAJUS President Sayem Sobhan Anvir said Bangladesh will have to focus on the jewellery industry, which has been neglected over the years, to march with developed countries. Read more: No more 24-carat gold under baggage rules "Jewellers need policy support to fetch new investment to transform Bangladesh into a prosperous 'Sonar Bangla'. To add value to technological innovation, the private sector should come forward along with public entities,” he added. BAJUS President expressed the hope that the IJMEB-2024 will enrich the Bangladeshi jewellery industry through sharing knowledge among the participating countries. "The expo will introduce modern machinery among the sector people. We aim to bring back the golden days of Bangladeshi jewellery ornaments. To realise the dream, we have to up-skill our goldsmiths with the changing technology in the jewellery sector around the world," he said. Sayem Sobhan Anvir said the jewellers have to march forward with technology to foster gold exports from Bangladesh. "The jewellery sector will grow if there are new factories. Our main objective is to create a new horizon in the export market by boosting the gold industry of Bangladesh. The integration of machines is important to tap the export potential," he said. Read more: BAJUS wants a 10-year tax holiday for gold refiners Indian KNC Services founder and chief executive officer Kranti Nagvekar said her company supported Bangladesh in hosting such an international expo after Saudi Arabia, the UAE and India. "When we roam around the world, we hear appraisal of ornaments made by Bangladeshi goldsmiths. When machines add value to the works of goldsmiths, Bangladesh will excel in global gold markets in style," she said. Among the participating companies, Tishya CNC Engineering Works, Neo Instruments, Solanki Mechanic Works, Ira Corporation, Quantum Equipment, ACZET Solutions and Pacio Traders registered from India. From Italy, two companies JTE and FASTI confirmed their participation. OTEC and GUVENIS from Turkiye while Chinese company DO IT Industries are representing their respective countries. Five companies from Bangladesh Dreamz Instrument Technology, RAJAISWARI, Expert Instrument Technology, Trust Instrument Bangladesh and RAT's BD are participating in the expo. Read more: Gold Buyer's Guide: Know the types, colors, karats of the precious metal

Bangladesh Jewelers Association (BAJUS) on Saturday (September 30, 2023) announced it was reducing the price of gold again after an interval of just two days from the last price change. Earlier, Bajus had last set gold prices on September 27, which was effective from last Thursday. The new rate will be effective from tomorrow (Sunday, October 1). The price of good quality 22-carat gold has been reduced by Tk 1,750 to Tk98,211 per bhori (11.664 grams). Until Saturday 22 carat gold was Tk99960 per bhori. Read more: Gold price marks an all-time high to Tk 1,01,244 per bhori MA Hannan Azad, chairman of the Bajus Price Determination and Price Monitoring Standing Committee said this by a notification on Saturday (September 30). According to the notification, the price of acidic gold has decreased in the local market. Considering the overall situation, Bajus has fixed the new price of gold. The price of 21-carat solid gold is Tk93779 per bhori, 18-carat is Tk80365 per bhori and traditional gold price is Tk 66951. Read more: Gold Buyer's Guide: Know the types, colors, karats of the precious metal As of today, the price of 21-carat solid gold is Tk95412 per bhori, 18-carat gold is Tk81765 and traditional gold is sold at Tk68118. The price of gold has increased but the price of silver has been kept unchanged. According to the category, currently, a bhori of 22-carat silver price is Tk1715, 21-carat price is Tk1633, 18-carat price is Tk1400, and traditional method silver price is Tk1050. Read more: Gold vs Diamond: Which Should You Choose for Investment?

Bangladesh Jeweller’s Association (BAJUS) in a meeting with Bangladesh Financial Intelligence Unit (BFIU) on Thursday claimed gold worth Tk200 crore is arriving in Bangladesh through smuggling every day. The BAJUS also proposed to BFIU forming a joint initiative to combat gold smugglers, who are also involved in money laundering. With BFIU chief Md Masud Biswas in the chair senior official of the financial intelligence and a 13-member delegation of BAJUS led by its president Sayem Sobhan, attended the meeting. In response to BAJUS delegation’s information and proposal, Masud assured to protect Bangladesh from the gold smugglers and strengthen the raid against gold smuggling in the country. Read: 56 gold bars seized at Chattogram airport The BAJUS leaders informed the meeting that the smuggling occurs by air, road, and waterways. As a result, Tk73000 crore worth of smuggled gold arrives in Bangladesh annually and most of it is smuggled out of the country. The BAJUS leaders presented seven recommendations to stop the smuggling of gold.

Bangladesh Jewellers’ Association (BAJUS) on Saturday said that around Tk73000 crore is laundered from Bangladesh every year through gold smuggling. They have sought the government’s tough action and cooperation of intelligence agencies and law enforcers to stop gold smuggling through Bangladesh. BAJUS leaders said this at a press conference held at the association’s office in Bashundhara city complex in the capital on Saturday. Enmaul Haque Khan, Chairman of BAJUS standing committee on Ant-Smuggling and Legal Enforcement, gave the speech at the press conference.   Among others, Vice-chairman Bidhan Malakar, members Ikbal Uddin, Swapon Chandra Karmakar, Bikash Ghosh, Babul Rahman, were present at the function. Read: 10 gold bars seized at Sylhet airport They claimed that Bangladesh is used as a transit of gold smuggling to neighboring countries by influential syndicates which should be stopped . Gold worth around Tk200 crore is smuggled daily on average through Bangladesh airways, roads, and waterways, they said. The jewellers’ association leaders said that they have prepared the report on gold smuggling and money laundering based on law enforcers’ information and newspaper reports regarding gold smuggling. Replying to a query, BAJUS leaders said 15000 to 20000 bhoris of gold are being imported in Bangladesh through baggage  of travellers which is legal.      

Bangladesh Jewellers Association (Bajus), a trade body, has notified an increase in the gold price by Tk 4,199 per bhori with effect from Sunday. With the latest price, 22-carat gold will be sold at Tk82,464 per bhori, 21-carat gold at Tk 78,732 per bhori and 18-karat gold at Tk 67,534. According to a press release, the price of gold has increased both in the international market and local market due to the appreciation of the dollar and some other currencies. Read BYLC Ventures: Cohort 4 winners announced The price of traditional gold has been set at Tk 56,220 per bhori from Tk 53,362 per bhori, added the release. Till Saturday, the price of 22-carat gold was Tk78,265 per bhori. The price of 21-carat gold was Tk74,707 per bhori while 18-carat gold was available at Tk64,035. Earlier on May 17, Bajus raised the price of gold by Tk1,750 a bhori to Tk 78,265 in local markets. Also read: 1 held with 124 gold bars worth Tk 10 cr in Jashore

Bangladesh Jewllers’ Association (Bajus), an organization of jewllers, has increased gold price by Tk 1,750 per bhori with effect from Wednesday. Bajus Standing Committee on Pricing and Price Monitoring came up with the announcement at a meeting saying that the prices of gold are climbing in the international market. Also read: Gold prices go up by Tk1867 per bhori The price of 22-carat gold per bhori will increase from 76,515 to Tk78,265, said Bajus.   According to Bajus, 21-carat gold will be sold at Tk74,682 per bhori and 18-carat gold at Tk 64,013 per bhori. The price of traditional gold has  been increased by Tk 1, 166 to Tk 53, 362. Read 1 held with 124 gold bars worth Tk 10 cr in Jashore

Three-day ‘Bangladesh Jewellery Expo-2022’, first of its kind in the country, kicks off on Thursday. Bangladesh Jewllers’ Samity (Bajus) is organizing the expo at Bashundhara International Convention Centre, beside the 300 feet Purbachal connecting road in the capital. Bajus is arranging the expo to celebrate the birth anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and the Golden Jubilee of Bangladesh. READ: First-ever Jewellery Expo kicks off on March 17 Seventy stalls will display different types of gold jewellery in the expo. Basuj hopes around 2 lakh local visitors, businesses and entrepreneurs will come to the expo. Besides, a number of foreign buyers from the UEA, Kuwait and Canada will join in the jewellery expo, the organizers said. Bajus President Sayem Sobhan Anvir hoped that this expo will contribute to enrich the domestic jewellery industry.

The association of jewellery traders, Bangladesh Jewellery Samity, or BAJUS, has honoured three of the leading women entrepreneurs in recognition of their contribution to the jewellery industry, on the occasion of International Women's Day, 2022. In its first such initiative, BAJUS recognised Kazi Nazneen Islam Nipa, co-founder of Amin Jewelers, Krishna Karmakar, co-founder of Bangladesh Pearl House, and Tahmina Enayet, co-founder of Pearls Paradise. Read:Jewelry sector holds potentials to grow in Bangladesh: BAJUS leaders The women's award was presented at a colourful function held at the BAJUS office of Bashundhara City Shopping Complex in the capital on Sunday. Its president Sayem Sobhan Anvir was the chief guest on the occasion. Anvir's wife Sabrina, Director at Bashundhara Group, was there as the special guest. Farida Hossain, chairperson of BAJUS Standing Committee on Women's Affairs, presided over the function. The keynote address was delivered by Sultana Razia and Tasnim Naz, members of BAJUS Standing Committee on Women's Affairs.

The Bangladesh Jewellers Samity (Bajus) has increased the prices of gold by Tk1,867 per bhori in line with the global market trend. The price of each bhori of 22-carat gold ornaments will stand at Tk75,000. The new prices will be effective across the country from Thursday, MA Hannan, chairman of the standing committee on pricing and price monitoring of the jewellers' association, said Wednesday in a statement. Now, each bhori of 21-carat gold will cost Tk71,675, 18-carat Tk61,819, and gold acquired in the traditional method Tk51,205. Till Wednesday, 22-carat gold was sold for Tk73,133, 21-carat at Tk69,984, 18-carat Tk61,236, and gold acquired in the traditional method Tk50,913. READ: Gold import policy fails to stop smuggling, tax evasion: NBR Chairman From Thursday, the price of 22-carat gold will go up by Tk1,867 per bhori, 21-carat by Tk1,691, 18-carat by 583 and gold acquired in the traditional method by Tk292 per bhori. Bajus lowered the price of gold by Tk1,166 on December 16, 2021. On November 13, the price was raised to Tk2,333.