National News
Abaran Timeless Jewellery Champions Heritage Conservation To Safeguard Traditional Craftsmanship
Support For Hastashilpa Heritage Village Reflects A Commitment To Preserving India’s Architectural and Artisanal Legacy For Future Generations.
As India’s historic buildings continue to face mounting pressure from urbanisation, redevelopment, and changing lifestyles, concerns are growing not only about the loss of architectural landmarks but also the disappearance of the traditional skills and craftsmanship that created them. Recognising this challenge, Abaran Timeless Jewellery has extended its support to Hastashilpa Heritage Village, reinforcing the importance of preserving cultural heritage and artisanal knowledge.
Through the Abaran Foundation, the philanthropic arm of the Bengaluru-based jewellery house, the company supports a range of initiatives spanning education, healthcare, community welfare, arts, and heritage conservation. Its association with Hastashilpa Heritage Village reflects a deeper commitment to protecting India’s rich cultural legacy beyond the jewellery industry.




Located in Manipal, Hastashilpa Heritage Village is regarded as one of India’s most significant heritage conservation projects. Founded by conservationist Vijaynath Shenoy, the village has successfully rescued and reconstructed traditional homes from across coastal Karnataka, preserving architectural styles and craftsmanship that may otherwise have been lost to neglect or redevelopment.
The conservation process shares many similarities with the art of jewellery making. Every carved beam, decorative element, and handcrafted detail requires meticulous documentation, restoration, and respect for traditional techniques. Much like restoring an heirloom jewel, preserving heritage architecture demands both technical expertise and cultural sensitivity.
For Pratap Kamath, Managing Director of Abaran Timeless Jewellery, the initiative holds personal significance. He noted that the heritage village is located in Udupi, where Abaran was originally founded by his grandfather, Sri Sadanand Kamath. According to Pratap Kamath, the company was inspired by the efforts to preserve heritage homes that might otherwise have vanished as younger generations moved away in search of new opportunities.
His observations reflect a wider concern within the luxury and craft sectors. Whether restoring a centuries-old structure or creating a handcrafted jewel, both disciplines depend on knowledge and expertise that cannot be easily replicated through mass production. Once lost, such skills are extremely difficult to recover.
At the same time, consumers are increasingly drawn to brands that demonstrate authenticity, cultural relevance, and a commitment to preserving heritage. As a result, heritage conservation is evolving from a philanthropic activity into an important reflection of a brand’s values and identity.




Initiatives such as Hastashilpa Heritage Village serve as an important reminder that heritage extends beyond products—it also includes the ecosystems of craft, culture, knowledge, and tradition that make those creations possible.
As India’s architectural treasures and jewellery traditions navigate similar challenges, efforts to preserve one may ultimately help protect the other, ensuring that valuable skills and cultural legacies continue to inspire future generations.
National News
Gold Sees Decline On Shifting Global Macroeconomic Cues
Spot Gold On The COMEX Hovered Around $4,057.85 Per Bounce, Indicating That The Cautious Sentiment Is Being Felt Across Global Markets.
Gold prices on the Multi Commodity Exchange (MCX) experienced a notable pullback as market participants reacted to shifting global macroeconomic cues. The benchmark MCX Gold August 2026 Futures contract fell by 1.30%, trading at Rs 1,41,619.00 per 10 grams ahead of its upcoming expiry on August 5, 2026. Mirroring this downward trend, the Gold Mini (GOLDM) contract also slid, with its last traded price recorded at Rs 1,41,511.00.
The broader bullion market reflected a similar weakness. MCX Silver futures, set to expire on September 4, 2026, shed 1.60% of their value to trade at Rs 2,19,093.00 per kilogram. On the international front, spot gold on the COMEX hovered around $4,057.85 per ounce, indicating that the cautious sentiment is being felt across global markets.
Market analysts attribute this downward pressure to complex geopolitical and macroeconomic factors. While escalating conflicts in the Middle East would traditionally spur safe-haven demand, they have also kept inflation risks highly elevated. This sticky inflation has prompted widespread market expectations that the US Federal Reserve will maintain a prolonged high-interest-rate environment. Because higher interest rates raise the opportunity cost of holding non-yielding assets, investors have pulled back, keeping both gold and silver under pressure.
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