National News
Akoirah by Augmont Unveils Its Minimalist Festive CollectionÂ
Akoirah by Augmont unveils a festive collection in 14K recycled gold with lab-grown diamonds, blending minimalism, heritage, and versatility. Designed for all, the pieces celebrate individuality, sustainability, and timeless elegance.
This festive season, Akoirah by Augmont presents a curated collection that celebrates meaningful luxury – jewellery that resonates beyond occasion and gender, rooted in elegance, sustainability, and quiet power. Designed for both men and women, this edit champions individual expression through timeless, versatile pieces that speak to the spirit of modern celebration.
Crafted in 14K recycled gold and set with lab-grown diamonds, the new edit is a tribute to refined minimalism. From soft curves to geometric edges, each piece is a balance of fluid design and conscious craftsmanship.
Designed for those who celebrate in their own way – whether in stillness or splendour – this curation features Layered diamond lariat necklaces and pear-cut drop chains that exude feminine grace, Gold-edged statement rings, sleek emerald rings, and textured cufflinks designed for timeless sophistication floral-inspired bracelets and hexagonal pearl chokers that honour heritage with a modern soul. Customisable pieces featuring initials, zodiac symbols, or handpicked stone shapes – a perfect blend of personal expression and artisanal design
“This collection is our interpretation of what celebration looks like today – it’s softer, more personal, and rooted in values,” shares Namita Kothari, Founder of Akoirah. “We wanted to create pieces that don’t just mark a moment, but become part of someone’s journey.”
From self-adornment to gifting, Akoirah’s festive collection offers a new way to wear and share jewellery – one that feels personal, ethical, and future-forward.
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:Â Imported gold should be strictly saved for jewellery exporters using one-year Gold Metal Loans (GML).
- For Local Buyers:Â 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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