National News
GSI collaborates with GJEPC, launches exclusive lab at Bharat Ratnam – Mega CFC building, Mumbai
The Indian gem and jewellery industry is raring to reach a market cap of US $100 billion by 2025. Organising the industry across all hierarchies to attain this objective, every stakeholder is rooting for mandatory certification of not only gemstones but also jewellery. Adding merit to this development, Gemological Science International (GSI) has collaborated with Bharat Ratnam – Mega CFC to set up the sole lab facility for comprehensive jewellery and gemstone certification.
To celebrate this visionary partnership, Bharat Ratnam and GSI jointly organised a soft launch at IIJS Signature 2025. The launch took place at JIO World Convention Centre (JWCC) – Level 3 Pavilion – Launch Pad on the 4th of January, 2025 from 1-1:30 pm. Dignitaries present at the event included Colin Shah – Working Group Member of Bharat Ratnam Mega CFC; Ramit Kapur, Managing Director, GSI India; and Ravi Menon, CEO, Bharat Ratnam Mega CFC. The dignitaries demonstrated the purpose of this association and its longstanding benefits to the jewellers and manufacturers operating at Bharat Ratnam – Mega CFC.
Bharat Ratnam – Mega CFC bridges gaps in India’s jewellery industry by providing cutting-edge Technology, Techniques, and Training. Serving MSMEs, students, brands, and designers, it offers global-standard resources to enhance competitiveness. Located in Seepz, Mumbai, home to the largest jewellery manufacturing cluster, it empowers small units with access to modern technology, R&D, and skilled manpower, ensuring industry growth and global readiness. GSI’s latest state-of-the-art facility will span across a 2000 sq ft space, equipped with the latest technology and equipment for the MSMEs. The facility is located near entry gate no.1 at SEEPZ, Mumbai, with unique access gates to both jewellery manufacturers inside of SEEPZ as well as manufacturers and traders outside of SEEPZ.
Sharing his thoughts on this collaboration, Ramit Kapur, MD, GSI India commented, “Ever since Bharat Ratnam – Mega CFC was launched, new manufacturers and players in gems and jewellery have got a mammoth opportunity to train their workforces and get themselves export-ready. Thanks to GJEPC’s foresight, GSI is honoured to be the only certification lab for Mega-CFC. We hope that with our facilities and service, this association helps each and every stakeholder of Bharat Ratnam – Mega CFC reach their business potential faster than planned.”
National News
Augmont Strengthens ‘Recycle With Resilience’ Campaign To Promote Transparent Gold Recycling Across India
With 114 Gold For All Stores Currently Operational, The Company Is Creating Accessible Touchpoints for Consumers To Evaluate, Recycle, and Monetise Their Gold Through Transparent and Organised Channels
Augmont, India’s leading gold platform, has launched the next phase of its “Recycle with Resilience” campaign to encourage consumers to unlock greater value from their dormant gold through organised and transparent recycling channels.
As part of the initiative, Augmont has introduced its AI-powered Gold Purity Evaluation Machine in Chennai to help address one of the key concerns consumers face while recycling gold, which is the lack of transparency in purity assessment and valuation. The initiative aims to build trust and encourage wider participation in organised gold recycling.
Gold recycling continues to gain momentum in India. While the country imported approximately $72.4 billion worth of gold in FY26, recycled gold contributed an estimated 125–150 tonnes in 2025 and is expected to increase to 200–250 tonnes in 2026. With household gold reserves estimated at nearly 30,000 tonnes, organised recycling presents a significant opportunity to improve resource efficiency and reduce reliance on imports.
Augmont is further enabling consumer participation in gold recycling through its growing network of Gold For All Centres across multiple states. With 114 Gold For All stores currently operational, the company is creating accessible touchpoints for consumers to evaluate, recycle, and monetise their gold through transparent and organised channels. Over the coming months, Augmont plans to expand this network further to enable greater recycling of old gold and make the process more convenient and accessible for consumers across key markets.
Commenting on the campaign, Ketan Kothari, Whole-Time Director, Augmont, said:

“India has one of the largest household gold reserves globally, yet a significant portion remains idle. Through our ‘Recycle with Resilience’ campaign, we aim to encourage consumers to view gold not just as an asset to store, but as a resource that can be responsibly brought back into the ecosystem.
Transparency remains central to increasing consumer confidence in gold recycling. By leveraging technology-led purity evaluation and enabling fair valuation, we aim to make organised gold recycling more accessible, trusted and consumer-friendly. Through our expanding Gold For All Centre network and technology-enabled infrastructure, we are committed to creating a seamless recycling experience for consumers across the country.”
Over the next 12 months, Augmont plans to expand technology-enabled gold appraisal centres across select markets while continuing consumer education efforts around the economic and environmental benefits of gold recycling.
Through this campaign, Augmont aims to strengthen confidence in organized gold recycling and contribute towards building a more efficient and self-reliant gold ecosystem in India.
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