National News
A Modern Ode to Tradition: Kumari Fine Jewellery Unveils Its Gudi Padwa Collection
Heritage-inspired motifs meet contemporary minimalism, reimagining festive jewellery for the modern consumer
Kumari Fine Jewellery introduces its Gudi Padwa collection, bringing together a thoughtful blend of tradition and contemporary design. Known for its modern, minimal aesthetic, the brand seamlessly aligns with the spirit of the festival, making this edit both relevant and meaningful.
The collection highlights jewellery pieces that hold deep significance in Maharashtrian traditions. At the forefront are naths (nose pins), a significant cultural symbol, along with festive-ready bracelets, bangles, oval bracelets, earrings, rings, necklaces, and pendants, with a strong emphasis on pieces aligned with Maharashtrian festive traditions. The inclusion of the nath stands out as it fits very well into this event.
Specially introduced for the occasion, select designs incorporate the use of regional motifs and traditional elements, reinterpreted through Kumari’s signature lightweight and wearable approach. These pieces reflect a deliberate shift, balancing cultural authenticity with a modern sensibility, offering consumers jewellery that feels both rooted and relevant, while remaining timeless.
Sharing her thoughts on the collection, Founder Supriya Kataria, Kumari Fine Jewellery said:
“Gudi Padwa holds deep cultural meaning, especially for our Maharashtrian audience, and it felt important for us to create a collection that truly reflects that. This collection seamlessly integrates with the occasion from our core design language, as we explored traditional elements like the nath and culturally inspired motifs. At the same time, we have retained the Kumari sensibility, keeping the pieces modern, wearable, and relevant to today’s consumer.
There is a clear demand for jewellery that connects with consumers who value tradition, while still embracing a modern sensibility, and this was our way of bringing that alive.”With this collection, Kumari Fine Jewellery expands its design narrative, bringing together tradition, emotion, and modern elegance for a new generation of festive dressing.
National News
Gold Industry Proposes New Strategy To Cut Imports and Boost Local Economy
Precious Metals Refineries Forum (PMRF) Has Proposed A Two-Track System To Manage Gold More Efficiently
Following Prime Minister Narendra Modi’s call to reduce gold imports and foreign travel, major Indian bullion and jewellery bodies have submitted a new plan to the government and the Reserve Bank of India (RBI). The strategy aims to lower the nation’s trade deficit by tapping into the estimated 30,000 tonnes of gold sitting in Indian households.
This move comes after India’s gold imports jumped 24% to a record $71.9 billion in the 2025-26 financial year, with over 721 tonnes of gold brought into the country.
The New Strategy: Two Separate Systems
The Precious Metals Refineries Forum (PMRF) has proposed a two-track system to manage gold more efficiently:
- For Exporters: Imported gold should be strictly saved for jewellery exporters using one-year Gold Metal Loans (GML).
- For Local Buyers: Domestic demand should be met entirely by recycling household gold. This gold would be collected from citizens, refined locally, and sold back through jewellers and retailers.
Under this plan, people who deposit their idle gold could earn 2% to 2.5% interest, while businesses taking gold loans would pay an interest rate of 3% to 4%.
Fixing Why Past Schemes Failed
Previous government gold schemes failed to gain traction primarily because they left out local jewellers and lacked a proper banking structure. Without a joined-up system, institutions faced high financial risks from changing gold prices.
To fix this, trade bodies are calling for a complete system that includes:
- Direct involvement of trusted local jewellers. The schemes did not take off in the past because jewellers were not part of them. About 10% to 20% of family gold is held as bars or coins.
- Strong bank backing and secure storage vaults across the country.
- Tax incentives, such as removing the 3% GST loss when physical gold is converted into Electronic Gold Receipts (EGR), and offering income tax relief on the interest earned.
Industry Support
Industry experts say a smooth system is already possible. Collection and purity testing centres have confirmed that collected household gold can be processed within 48 hours and safely moved to secure, bank-approved vaults.
Representatives from the Indian Bullion and Jewellers Association (IBJA) recently held discussions with RBI officials to fast-track these changes.
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