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AKGSMA and IAGES Join Forces in Kozhikode to Elevate Kerala’s Gold Trade Standards

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The All Kerala Gold and Silver Merchants Association (AKGSMA) held its State Council Meeting in Kozhikode, in collaboration with the India Association for Gold Excellence and Standards (IAGES) — a significant stride towards strengthening transparency, trust, and professionalism in Kerala’s gold trade sector.

The meeting was presided over by K. Surendran, State President of AKGSMA, with prominent office bearers including Adv. S. Abdul Nazar (General Secretary), C.V. Krishnadas (Treasurer), M. Vineeth (Working Secretary), and Betty Thomas, representative of the World Gold Council, in attendance.

Kaushalendra Sinha, CEO of IAGES, emphasized the initiative’s core vision — to integrate small traders into a trusted and transparent gold ecosystem. “Our mission is to raise the bar for India’s gold trade by empowering stakeholders with professional standards and building consumer trust,” he stated.

Key figures such as State Vice Presidents Faisal Amin, Abdul Aziz Erbad, and P. T. Abdurahman Haji, along with several State Committee Secretaries from across districts, participated and addressed the gathering.

A highlight of the meeting was a strategic discussion between Kaushalendra Sinha, Betty Thomas, and M.P. Ahammed, Chairman of Malabar Group, along with AKGSMA leaders. The dialogue focused on statewide collaboration to promote IAGES’s vision and strengthen Kerala’s position in India’s evolving gold standards framework.

This meeting marks a key milestone in aligning Kerala’s robust jewellery sector with national efforts for excellence and ethical trade practices.

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SENCO Gold & Diamonds receives IAGES accreditation across 100+ stores pan India

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Senco Gold & Diamonds, one of India’s largest jewellery retail chains, has been accredited with IAGES reinstating its commitment towards wining the trust and confidence of its consumers through its ethical, fair and transparent practices.

SENCO Gold & Diamonds is one of the most recognised names in the Indian jewellery retail sector with more than 100 stores, having built a legacy of trust and craftsmanship for over eight decades in gold, diamond, platinum and silver jewellery.

The Indian Association for Gold Excellence and Standards (IAGES) is a Self-Regulatory Organisation (SRO) established by and for the Indian gold industry to bring clarity and

accountability across the gold value chain including retailers, manufacturers, refiners, bullion traders and others through a stringent Code of Conduct. The framework is designed to promote responsible sourcing, operational integrity and consumer-first practices across every stage of the industry.

“As the Indian gold sector moves towards greater formalisation, frameworks like IAGES are critical in strengthening accountability and consumer trust. Senco’s long-standing alignment with global and national standards including BIS and the Responsible Jewellery Council (RJC) made us natural early adopters of IAGES. This accreditation across 100+ stores reflects our commitment to governance, process integrity and encouraging the industry to move towards higher, more transparent benchmarks,” said Suvankar Sen, MD & CEO, Senco Gold & Diamonds.

From sourcing, refining, hallmarking, transparent pricing practices to store-level operations, IAGES Code of Conduct includes every step of the business which is assessed by a neutral third-party assessor. An IAGES certification assures consumers of the integrity, transparency and responsibility of their retailer who receives an accreditation only after having completed the assessment.

“Senco is a respected legacy brand in India that has built a strong presence across multiple regions. The brand’s alignment with the IAGES framework sends a clear signal to the industry about the importance of transparency, process integrity and consumer-centric standards as essential steps towards formalisation and accountability. By implementing IAGES’ standard Code of Conduct across the value chain, the gold industry builds long-term sectoral credibility, placing the sector at par with global standards,” says Kaushlendra Sinha, CEO, IAGES.

IAGES is currently running a nationwide consumer awareness campaign titled #PehlaCheckIAGES to inform consumers to always check for an IAGES accreditation before choosing their gold retailer.

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