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Augmont Launches SPOT 2.0: One Platform. Every Product. Efficient Business

Recognized as “India’s #1 Gold Platform for the year 2024-25” by the India Gold Conference that aims to transform the digital experience for jewellers and manufacturers.

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Augmont, India’s No. 1 Gold Platform for the year 2024-25 (As awarded at the India Gold Conference Excellence Awards 2025), announced the launch of SPOT 2.0 — an improved trading platform application that consolidates every Augmont product and service into a single, secure, and intuitive interface. Designed specifically for jewellers, manufacturers, and retail customers, SPOT 2.0 replaces the fragmentation of multiple tools under a unified platform that puts the entire bullion trading ecosystem offered by Augmont at their fingertips.

Building on its over-the-counter physical bullion delivery system, Augmont now offers jewellers a comprehensive suite that spans the full length of their business operations: sourcing of gold and silver bars, lab-grown diamonds, jewellery, chemicals and alloys, HUID verification, inventory insurance, and real-time market intelligence — all accessible through a single secure login. Jewellers can additionally onboard customers for Augmont’s digital savings products such as Gold SIP, unlocking a new income stream without added complexity.

61.84 Metric Tonnes Gold sold via SPOT FY 2024–251,035.22 Metric Tonnes Silver sold via SPOT FY 2024–254,900+ Jewellers served Across India (Data as of September 2025)

What SPOT 2.0 Delivers

  • Single-login access to every Augmont product and service — no more juggling multiple portals
  • Faster, smoother operations via a unified, upgraded interface built for high-volume trading
  • New revenue stream: onboard customers for Augmont’s digital products (e.g. Gold SIP) and earn additional income
  • Enhanced security architecture with end-to-end data protection and compliance controls
  • Zero disruption to existing accounts — current credentials, commercial terms, and relationships carry over seamlessly

Critically, the upgrade is entirely platform-driven. All existing business relationships, account details, and commercial terms remain intact — jewellers simply gain access to a faster, and more capable system from day one.

Triple Recognition at 11th India International Bullion Summit (IIBS)

The launch of SPOT 2.0 coincides with a landmark evening for Augmont at the 11th India International Bullion Summit (IIBS), where the group received three distinguished industry awards —in recognition of the synergy that Augmont has achieved between its technology, trading, and research capabilities.

AwardRecipient
Best OTT PlatformAugmont Goldtech Pvt. Ltd.
Best Bullion Dealer — GoldAugmont Enterprises Limited
Best Bullion Research (3rd consecutive year)Dr. Renisha Chainani, Research Head, Augmont Enterprises Limited

Together, these honours reflect the trifecta of scalable technology advantage, efficiency in trading, and market intelligence that Augmont has achieved in its aim to continue as a leading integrated gold and silver player in India. As the sector accelerates its digital transformation, Augmont continues to invest in its technological capabilities — building platforms and partnerships that aims to drive both immediate growth and long-term value for its consumers.

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National News

Senco Gold & Diamonds Partners With Olocker to Give Customers Free Jewellery Insurance, Letting Precious Memories Be Worn, Not Hidden Away

A Customer-First Initiative Designed to Help People Wear Their Precious Memories with Confidence.

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Senco Gold & Diamonds, one of India’s most trusted jewellery houses, has partnered with Olocker, India’s first dedicated jewellery insurance platform, to offer free jewellery insurance to its customers, protecting purchases against risks such as snatching, robbery, and housebreaking.

On the surface, it’s a simple value-add: buy jewellery from Senco, get it insured, at no extra cost. But the thinking behind it is more personal — the freedom to actually live with the things you love. 

There is a quiet ritual that plays out in homes across India every wedding season, every anniversary. A piece of jewellery is bought with love, worn once or twice with pride — and then, almost apologetically, tucked away in a bank locker for “safekeeping.” The very thing meant to be cherished ends up spending most of its life in the dark.

A Locker Is No Place for a Memory

Ask any family that owns fine jewellery, and you’ll hear the same quiet anxiety: the fear of stepping out wearing something precious, the fear of a break-in while the house is empty. For many, the solution has always been the same — lock it away, take it out only for weddings and festivals, and let it sit untouched the rest of the year.

It’s a practical response to a real risk, but it also means jewellery bought to mark a marriage or a milestone ends up being seen far less than it deserves.

This is the exact problem Senco Gold & Diamonds’ Managing Director, Suvankar Sen,

has spoken about wanting to solve. Known for a customer-first philosophy that goes beyond transactions, Sen has often said jewellery should be something people live with, not something they merely own. “Jewellery is never just metal and stone,” Sen said, explaining the thinking behind the Olocker partnership. “It’s a wedding day, a mother’s blessing, a promise kept. When customers can’t step out wearing it, or can’t leave home without worrying about a break-in, something is broken in that experience. We wanted to fix that.” 

That sentiment is the quiet engine behind this initiative. Rather than simply selling jewellery and stepping back, Senco has chosen to walk the extra mile — ensuring that once a customer takes a piece home, they can wear it freely and pass it down through generations, without the constant undercurrent of worry. 

What the Partnership Actually Offers

Through this collaboration, Senco customers receive free jewellery insurance via Olocker on qualifying purchases, protecting against snatching, robbery, and housebreaking.

Olocker, India’s first digital platform dedicated to jewellery insurance and asset tracking, brings the technical and insurance backbone — while Senco brings its decades of trust, built since 1938, to make sure customers actually use it. 

For a family that has just bought a piece for a wedding, this means peace of mind — wearing that necklace to a dinner without the nagging thought of “what if someone snatches it,” or “what if someone breaks in while we’re away.” 

A Partnership Built on Shared Intent

The excitement isn’t one-sided. At Olocker, the partnership is seen as validation of the idea the platform was built on — that jewellery insurance should be a natural, everyday companion to ownership, not a niche afterthought.

“This is genuinely one of the most exciting collaborations we’ve been part of,” said Milind Shethia, Founder & Chief Marketing Officer at Olocker. “Our mission has been to help people wear their jewellery instead of locking it away, and partnering with a name as trusted as Senco brings that mission to millions of customers at once.

What’s heartening is Mr. Sen’s own approach — he didn’t look at it as a marketing tie-up, but as giving something back to people who’ve trusted Senco for generations. That kind of intent is rare, and it’s exactly the spirit we built Olocker around.” 

That mutual sense of purpose is what gives this partnership its quiet credibility. It isn’t a scheme or a promotional hook, but two organisations agreeing on a simple, shared belief: jewellery should be lived in, not locked up. 

A Bigger Idea About Ownership

There is a broader philosophy at play, one Suvankar Sen has championed throughout his tenure at Senco — that jewellery is an emotional asset as much as a financial one, and customers shouldn’t have to choose between enjoying it and protecting it.

This partnership feels less like a marketing initiative and more like a promise kept, reflecting a leadership style that measures success in something harder to quantify — how cared for a customer feels long after leaving the showroom. 

As jewellery increasingly doubles as adornment and investment, initiatives like this one may well set a new benchmark for customer care in the industry.

Senco, through its partnership with Olocker, isn’t just insuring jewellery against snatching or a break-in — it’s giving people back the freedom to wear their memories, out loud, without fear. 

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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