Page 12 - Bullion World Volume 5 Issue 05 May 2025

Bullion World | Volume 5 | Issue 05 | May 2025

Mr Srivatsava Ganapathy,
Director and CEO, Eventell Global Advisory Pvt Ltd
Mr Srivatsava opened the conference with a thoughtful welcome,
emphasizing the theme, “Sustaining Demand during a High Price Regime.”
He recognized silver’s dual role in India—cultural and industrial. He outlined
the two-day structure: five panel discussions, four keynote addresses, and
several special addresses. He launched the MyEventell app to improve
delegate engagement and announced the ISC Excellence Awards to honour
22 industry leaders. With 11 exhibitors present, he invited participants to
exchange ideas and build a stronger silver ecosystem together.

Mr Srivatsava Ganapathy
Director and CEO,
Eventell Global Advisory Pvt Ltd

Keynote Address

Opportunities for Growing

Silver Jewellery Market Globally

Dr Gaetano Cavalieri, speaking virtually from Stockholm, emphasized that
silver is no longer a secondary metal. Among younger consumers, silver
represents affordable luxury. With fashion jewellery becoming a $37 billion
market poised to reach $66 billion by 2032, silver is dominating this space—
brands like Pandora use it in over 80% of their collections. E-commerce and
social media have fueled this trend.
He then shifted focus to sustainability and responsible sourcing. While
recycled silver has gained popularity, Cavalieri warned of over-reliance,
which could economically destabilize silver-producing countries like Mexico,
Peru, Chile, and Bolivia. He cited the unintended negative consequences
of Section 1508 of the U.S. Dodd-Frank Act on African gold producers as a
cautionary tale.

CIBJO’s initiatives—such as its Responsible Sourcing Blue Book and ESG
Dr Gaetano Cavalieri
President, The World Jewellery toolkits—support ethical sourcing. Cavalieri concluded by urging India to
Confederation (CIBJO) align growth with global best practices and take a leading role in shaping the
silver industry's future.

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