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GJC lauds Maharashtra Govt’s landmark Maharashtra GJ Policy 2025

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Maharashtra has become the first state in India to introduce a dedicated policy framework for the gem and jewellery sector, reflecting the government’s deep understanding of the industry’s potential to drive employment, exports, investment, and innovation. The policy is expected to attract investments worth ₹1 lakh crore and generate over 5 lakh new jobs, further strengthening Maharashtra’s economy and positioning it as a world-class jewellery hub.


The policy is designed to promote ease of doing business, support cluster development, and create large-scale employment opportunities across the state. By encouraging modernisation, technological upgradation, design innovation, and global market connectivity, it is set to transform Maharashtra into a globally competitive centre for jewellery manufacturing, trade, and design, contributing significantly to India’s vision of becoming a $5 trillion economy and the world’s third-largest economy.

Rajesh Rokade, Chairman, GJC, said:“We deeply appreciate the visionary approach of the Government of Maharashtra in formulating India’s first dedicated State Gem & Jewellery Policy. This policy reflects the government’s confidence in our industry’s contribution to employment, innovation, and inclusive economic growth. GJC stands united with the government in its mission to empower the domestic trade, strengthen infrastructure, and make India a global jewellery powerhouse.”

Avinash Gupta, Vice Chairman, GJC, added “The Maharashtra Gem & Jewellery Policy 2025 will open new horizons for investment, design, and entrepreneurship. It is a forward-looking initiative that resonates perfectly with India’s goal of becoming a $5 trillion economy. GJC pledges full cooperation to the government and will work tirelessly to ensure the successful implementation of this visionary policy.”

As the apex national body representing over 3,00,000 jewellers, artisans, manufacturers, wholesalers, and retailers across India, GJC applauds the Hon’ble Chief Minister Shri Devendra Fadnavis, the Department of Industries, and the Government of Maharashtra for their visionary leadership in launching this landmark policy.

Believing that close collaboration between government and trade is essential to unlock the full potential of the Indian jewellery sector, GJC is committed to supporting the policy’s implementation across multiple fronts — expanding skill development programs for artisans and newcomers through accredited training centres and industry partnerships; assisting in the establishment of modern manufacturing clusters with advanced technology, infrastructure, and compliance support; simplifying licensing, hallmarking, and compliance processes to ensure transparency and growth; promoting Maharashtra as a premier destination for trade, exhibitions, and design excellence; encouraging women’s participation in the workforce, entrepreneurship, and digital initiatives; and advancing ethical sourcing, recycling, and environmentally responsible business practices.

Through these efforts, GJC aims to ensure that the benefits of the policy reach jewellers at every level, from small-town retailers to large manufacturers, fostering a more inclusive, innovative, and globally competitive jewellery industry.

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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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