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Champions Ring- Crafting a Timeless Legacy in Indian Sports

A Revolutionary Symbol of Excellence, Crafted with Gold and Diamonds to Commemorate Team India’s Historic T20 World Cup Victory

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Spearheaded by Dream11 and meticulously crafted under the expertise of Harsh Sagar, a fourth-generation jeweler with an eye for timeless artistry, the Champions Ring is more than just a piece of jewelry—it is a testament to legacy and achievement.

In the world of sports, some symbols carry more weight than others—trophies, medals, and jerseys immortalized in the hearts of athletes and fans. Indian cricket now has its own ground-breaking symbol of excellence: the Champions Ring. This first-of-its-kind honor, created to commemorate Team India’s historic T20 World Cup victory, is not merely a piece of jewelry—it is a legacy forged in gold and diamonds, designed to stand the test of time.

The Champions Ring, a project spearheaded by Dream11, was crafted under the expert guidance of Harsh Sagar, a fourth-generation jeweller known for his meticulous artistry. The design process took 450 hours, resulting in a ring that blends craftsmanship, symbolism, and innovation, making it a unique memento that far exceeds traditional awards.

Inspired by the championship rings awarded to NBA, NFL, and MLB victors in the U.S., Dream11 has introduced this concept to Indian cricket, allowing players to wear their victories in the form of a highly personalized keepsake. Beyond its opulence, the ring holds deep sentimental value for each athlete, serving as a lasting reminder of their journey and triumphs.

Crafting the Legacy

Weighing 60 grams of 18k solid gold and adorned with 330 natural diamonds, the Champions Ring exudes both luxury and significance. Designed with intricate attention to detail, the ring features a rotating Ashoka Chakra symbolizing India’s relentless spirit on the world stage. Each player’s name and jersey number are carefully engraved on their personal ring, while stars on the design pay tribute to India’s past World Cup victories.

The ring also boasts an innovative horseshoe-shaped spring mechanism that ensures a comfortable fit, combining aesthetic appeal with ergonomic brilliance. Under the leadership of Harsh Sagar, this fusion of precision engineering and artisanal craftsmanship has elevated the Champions Ring from an accessory to a profound symbol of achievement.

Redefining Sports Recognition in India

Globally, championship rings hold immense emotional significance, serving as cherished mementos of athletic achievement. In India, where cricket is revered as more than just a game, the Champions Ring sets a new precedent for how sporting success is recognized. The ring’s introduction is poised to reshape the landscape of Indian sports awards, extending the concept beyond cricket and potentially honoring outstanding athletes in football, badminton, athletics, and more.

Personalized awards like the Champions Ring have the potential to forge a deeper connection between athletes and their accomplishments, instilling pride and fostering a lasting legacy.

Overcoming Challenges in Design and Craftsmanship

Creating the Champions Ring was no easy feat. The process demanded an intricate balance between grandeur and meaning, ensuring that the ring not only embodied luxury but also carried deep symbolism. Sourcing the finest materials, perfecting the rotating Chakra mechanism, and engraving each player’s name with precision were technical challenges that required immense dedication. The ultimate challenge was ensuring that the ring remained wearable—comfortable, durable, and fit for daily life—while maintaining its regal stature. Through meticulous craftsmanship, these challenges were transformed into opportunities, setting new standards in sports memorabilia.

A Legacy to Be Worn

More than just a milestone for Team India, the Champions Ring signifies a cultural shift in how Indian sports achievements are honored. Unlike traditional trophies that are displayed in cabinets or museums, this ring is personal—worn, cherished, and carried forward as a badge of honor. It builds tradition, inspires future athletes, and reshapes the way victories are remembered.

As Indian sports continue to ascend on the global stage, the Champions Ring paves the way for a new era of recognition. Whether this tradition expands to other sports or remains exclusive to cricket, it is clear that the Champions Ring is far more than a piece of jewelry—it is a legacy, a testament to excellence, and a symbol crafted to endure for generations to come.

National News

Sky Gold & Diamonds To Acquire Purvi Gems In Strategic Move To Drive Growth, Achieve Scale and Product Diversification

Rs 9 Crore Acquisition To Expand Lightweight & Studded Jewellery Portfolio and Boost Domestic and Export Growth

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Sky Gold & Diamonds Ltd., (Sky Gold) one of India’s leading jewellery manufacturers and exporters, has successfully completed the acquisition of 100% equity shares of  Purvi Gems & Jewellery (India) Private Limited, a company engaged in the manufacturing of uncut and precia jewellery and related products. Following the completion of the acquisition on October 7, 2026, Sky Gold is well-positioned to leverage Purvi Gems’ expertise in lightweight and studded jewellery to accelerate growth, enhance product diversification and strengthen its presence across key domestic and export markets.

The transaction is completed for a cash consideration of Rs 9 crores which represents 1.5x over its book value as of 31st Mar’26 and does not constitute a related-party transaction. Neither the promoter nor the promoter group of Sky Gold has any interest in Purvi Gems, reflecting the Company’s disciplined approach towards capital allocation and inorganic growth. The management of Purvi Gems to continue overseeing this business going forward, ensuring continuity and supporting the integration process.

Purvi Gems has built a strong position in specialised jewellery segments that continue to witness growing demand across key regions, including South India and Export market. The acquisition is expected to further enhance company’s exports while strengthening its ability to cater to evolving customer preferences in high margin studded jewellery business.

Key Strategic Benefits from Purvi Gems’ acquisition:

  • Immediate entry into the fast-growing lightweight uncut & precia jewellery segment, expanding Sky Gold’s addressable market
  • Increased exposure to the higher-margin studded jewellery category, supporting improvement in product mix and profitability
  • Potential of ~100 kg of monthly sales, enhancing scale and operational flexibility
  • Opportunity to unlock cross-selling opportunities and increase wallet share by leveraging Purvi Gems’ product portfolio across Sky Gold extensive customer network
  • Enhances export opportunity through specialised products with strong demand across key international markets, particularly the Middle East
  • Acquisition completed at book value, providing access to a business expected to generate over Rs 1,600-1,800 crore of annual revenue over the next two to three years, along with established customer relationships, specialised manufacturing capabilities, and an experienced team
  • Continues Sky Gold’s proven acquisition, which has historically contributed to enhanced scale and improved market positioning

The acquisition represents another important milestone in the company’s growth journey and is aligned with the long-term strategy of expanding its capabilities through carefully selected and strategically relevant acquisitions mainly in value added products having higher margins. Over the years, Sky Gold has successfully integrated acquired businesses to strengthen its market position, broaden its product offerings, improve operational efficiencies and create long-term value for stakeholders. The acquisition of Purvi Gems builds on this track record and further enhances the Company’s presence across high-growth jewellery categories.

Track Record of Successful Acquisitions

AcquisitionsStrategic RationalePre- Acquisition ScalePost- Acquisition Progress
Sparkling Chains Pvt. Ltd.Entry into the fast-moving chains segment; broaden product portfolioTurnover: ₹201 crore as on 31st March 2024 PAT: ₹0.1 croreTurnover: ₹760 crore as on 31st March 2026 PAT: ₹22.3 crore
Starmangalsutra Pvt. Ltd.Entry into the mangalsutra segment; broaden product portfolioTurnover :- ₹171 crore as on 31st March 2024 PAT :- ₹0.07 croreTurnover: ₹622 crore as on 31st March 2026 PAT: ₹22.9 crore
Speed Bangles Pvt. Ltd. (Erstwhile Ganna N Gold Pvt. Ltd.) (Revenues mainly on job work basis)Entry into specialised lightweight bangle manufacturing; broaden product portfolioTurnover: ₹0.87 crore as on 31st March 2025 PAT: ₹0.07 croreTurnover: ₹42 crore as on 31st March 2026 PAT: ₹16.6 crore (Acquired in Aug’25)
Shri Rishabh Gold (Revenues mainly on job work basis)Strengthen capabilities and expand customer baseTurnover: ₹49 crore as on 31st March 2025 PAT: ₹1.60 croreTurnover: ₹175 crore as on 31st March 2026 PAT: ₹18.8 crore (Acquired in Dec’25)

Commenting on the development, Mangesh Chauhan, Managing Director, Sky Gold & Diamonds Ltd., said:

“Strategic acquisitions have been an important driver of Sky Gold’s growth and value creation journey. Our disciplined approach to identifying and integrating businesses has helped us expand capabilities, diversify our product portfolio, improve operating efficiencies and strengthen profitability. Past acquisitions have contributed meaningfully to our scale and growth while creating long-term value for stakeholders. The acquisition of Purvi Gems is another step in this direction. The business brings complementary capabilities in the lightweight uncut and studded jewellery segments, an established customer base and a skilled team.

Given our proven track record of successfully integrating acquisitions and realizing operational synergies, we are confident that Purvi Gems will further strengthen our growth platform and support sustainable long-term value creation.”

Commenting on the development, Jigar Mehta, Director Purvi Gems & Jewellery (India) Pvt. Ltd., said:

“Over the last fifteen years, we have built a strong reputation in lightweight, uncut, and Precia jewellery through our commitment to quality, craftsmanship, and customer relationships. We believe Sky Gold’s scale, manufacturing capabilities, extensive customer network, and proven track record of integrating and growing acquired businesses provide the ideal platform for the next phase of our growth.”

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