JB Insights
EMERALD JEWEL INDUSTRY enters 40th year
K Srinivasan, Chairman, Emerald Group speaking about this momentous occasion at IIJS SIGNATURE 2024 said:We complete 39 years and our entering our 40th year. I am pleased to state that we have seen continuous growth across four decades. This is because of blessings of Almighty and cooperation and dedication of my employees.
Our success is due to our continuous innovation and improvement. For us the sky is the limit .And this spirit and legacy will be taken forward by my son and daughter.
My message to all, especially the next gen is once you enter a field of your choice there is no looking back. Dedication, devotion, focus is the mantra for success.
Dhiaan S Srinivasan Director- Emerald Jewel Industry India said that it was a proud moment for Emerald as it entered its 40th year. The dedication and passion for innovation and perfection have been drivers of success. He said Emerald demonstrated versatility across gold, silver and platinum. He said there is a continuous process of innovation on product portfolio, designs and improving on colour variants.
K Srinivasan underlined the social and environmental responsibility of Emerald. Some of the initiatives are:
Operating manufacturing and other processes using green power (solar and wind)
Planting of 40,000+ trees
Day care hospital for employees and inhabitants in the neighbourhood of Emerald manufacturing units.
JB Insights
India’s ₹361 Lakh Crore Gold Reserve Lies Idle; PM Modi Calls For Recycling To Cut Imports
With An Estimated 32,000 Tonnes Of Gold Sitting Unused In Homes and Temples, The Government Sees A Massive Opportunity To Reduce Imports, Strengthen The Economy, and Build A More Sustainable Gold Ecosystem.
India is sitting on one of the world’s largest untapped gold reserves, with 30,000–32,000 tonnes of gold held by households and temple trusts across the country. Valued at nearly $3.8 trillion (around Rs. 361 lakh crore), much of this gold remains locked away in cupboards, lockers, and vaults, generating little economic value.
Highlighting the importance of this dormant asset, Prime Minister Narendra Modi recently encouraged citizens to consider recycling idle gold rather than relying solely on newly imported supplies. The initiative aims to bring existing gold back into circulation and make better use of resources already available within the country.
The appeal comes at a time when India continues to depend heavily on imported gold to meet domestic demand. During 2025-26, the country spent approximately $72.4 billion (Rs. 6.88 lakh crore) on gold imports, making the precious metal one of the largest contributors to the import bill.
According to experts, increasing gold recycling could deliver significant economic benefits. Every gram of recycled gold reduces the need for an equivalent amount of imports, helping ease pressure on foreign exchange reserves while also supporting efforts to narrow the country’s current account deficit.
Even a small shift could have a substantial impact. Industry estimates suggest that if just 1% of the gold held by households and temples is recycled each year, India’s gold imports could decline by approximately 25% to 30%.
The vast stockpile of idle gold is rooted in India’s longstanding cultural and financial relationship with the metal. For generations, gold has served as a store of wealth, a safeguard during emergencies, and a symbol of family security and prosperity. As a result, many families continue to hold jewellery that is rarely used but seldom sold.
Viewed from a broader perspective, the government sees this dormant gold stock as a valuable domestic resource. Bringing a greater share of it into the formal economy could help reduce dependence on imports, enhance economic stability, and create a more sustainable gold supply chain for the future.
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