National News
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
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
Augmont-NSE Partnership Drives Strong Start for India’s Gold EGR Market, with Over 1,60,357 Units Traded in First Few Hours
Electronic Gold Receipts segment witnesses active two-way trading on day one, with 1,60,375 units traded, representing approximately 6 kg of gold and a traded value of ₹23.34 crore as of 04:25 PM
India’s gold market took an important step towards greater integration with the commencement of live trading in the Electronic Gold Receipts (EGR) segment on the National Stock Exchange of India (NSE) today. Enabled through the collaboration between NSE and Augmont Enterprises Limited, the launch brings together NSE’s regulated exchange infrastructure and Augmont’s integrated physical gold ecosystem, creating a new avenue for investors to trade physically backed gold.
On its opening day, the EGR segment witnessed active two-way trading, with 1,60,357 units traded by approximately 04:25 PM, representing around 6 kg of gold. The trading activity translated into a cumulative traded value of approximately Rs.23.34 crore during the first session. The segment also demonstrated orderly price discovery, with prices remaining within a narrow intraday range of Rs.1,450.50 to Rs.1,460.00. The bid-ask spread remained between Rs.0.50 and Rs.1.00, indicating continuous two-way quotations and an active order book.
Each EGR represents 100 mg of physical gold, with the underlying gold held in SEBI-regulated vaults. Investors can buy and sell EGRs through their demat accounts on the exchange, while retaining the option of converting their holdings into physical gold, subject to the applicable framework. The segment follows a T+1 settlement cycle, under which trades executed on a particular day are settled on the next business day, facilitating the transfer of securities and funds through the exchange’s regulated clearing and settlement mechanism.
Under the strategic collaboration, Augmont serves as a key physical gold and infrastructure partner for NSE’s EGR segment, supporting the creation, vaulting, redemption and liquidity ecosystem. The gold backing the EGRs is sourced through Augmont’s integrated refining infrastructure, bringing together physical gold processing and exchange-based trading within a regulated framework.
The commencement of live trading marks an important step towards building a more transparent and accessible gold market in India. By enabling standardised gold to be traded through an exchange-based mechanism, EGRs have the potential to strengthen price discovery, improve market participation and create a more integrated ecosystem for physical gold.
Ketan Kothari, Whole-time Director, Augmont Enterprises Limited, said:

“The commencement of EGR trading marks the transition of our collaboration with NSE from building the underlying infrastructure to enabling a live, exchange-traded gold market. The day-one trading activity, continuous two-way quotations and orderly price discovery are important initial milestones for a new market segment.
At Augmont, we have brought together our refining capabilities and physical gold infrastructure to support the creation, vaulting and redemption of EGRs. We believe this initiative can play an important role in making physical gold more accessible, transparent and integrated with India’s formal financial ecosystem. Our focus remains on strengthening the ecosystem and supporting its wider adoption among investors, brokers and other market participants.“
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