National News
GSI Launches Satellite Laboratory in Indore
Will offer same-day certification for MPs Dynamic Jewellery Market
With transparency and trust at the heart of organised jewellery retail, accurate certification is vital to building lasting customer loyalty. Recognising the growing demand for faster, reliable certification services, Gemological Science International (GSI) has inaugurated a cutting-edge satellite laboratory in Indore on 24 January 2025. This new facility is designed to serve jewellers and consumers across Madhya Pradesh with same-day certification services for jewellery, diamonds, and gemstones.
Spread over 1,200 sq. ft., this satellite laboratory has been established to address the growing demand for prompt, same-day certification within the jewellery supply chain in Madhya Pradesh. While the majority of fine jewellery sourcing in Madhya Pradesh is conducted from Mumbai, Surat, and Jaipur, Madhya Pradesh has witnessed steady growth in jewellery manufacturing and trading in recent times. This has created a strong and growing demand for an internationally acclaimed laboratory like GSI to provide its expertise, services, and educational initiatives to support the flourishing jewellery industry in the state.
Introducing state-of-the-art technology for identifying gemstone treatment and polki jewellery certification, the GSI lab in Indore will offer premium services which were unavailable to jewellers in the state before. Some of these services include advanced screening equipment for testing diamonds, such as the ‘Trusure’ series by Mindron and GSI, which will empower every jeweller to buy and sell confidently.
Speaking about the objectives of this satellite lab, Ramit Kapur, Managing Director of GSI India, said, “The rise in customer demand for customised jewellery has spurred a shift toward local manufacturing in Madhya Pradesh, reducing reliance on sourcing from Mumbai, Surat, and Jaipur. With this shift comes the critical need for accurate certification and quality assurance. GSI’s Indore lab offers same-day gemological services with unmatched turnaround times, empowering jewellers to meet market demands efficiently while ensuring consumer trust. Our global expertise, combined with cutting-edge technology, streamlines the certification process, transforming how jewellery businesses operate in Madhya Pradesh.”
As part of its initiative to enhance awareness within Madhya Pradesh’s jewellery supply chain, GSI will also conduct specialised workshops on diamonds and gemstones to equip retail sales teams with advanced sales strategies. Additionally, GSI will host tailored sessions for end-consumers, enabling them to make well-informed choices and enjoy an exceptional jewellery shopping experience.
National News
KISNA Diamond & Gold Jewellery Introduces Gold Rate Protection Plan Ahead of Akshaya Tritiya, Enabling Customers To Lock Prices In Advance
- Allows customers to freeze gold prices with a 25% advance during a defined period
- Akshaya Tritiya contributes nearly 15–18% to annual revenue, reinforcing its significance as a peak demand window
- Ensures customers pay the lower of the booking-day or invoicing-day gold rates
Designed to help festive and wedding buyers plan purchases amid price volatility
Mumbai, 04 April 2026: KISNA Diamond and Gold Jewellery, one of India’s foremost jewellery brands, today announced the launch of its Gold Rate Protection Plan, a strategic initiative aimed at helping customers navigate gold price volatility and plan their festive purchases with greater confidence ahead of Akshaya Tritiya.



Introduced in the run-up to the festive season, the plan allows customers to lock in prevailing gold rates by booking their jewellery in advance during a defined promotional window. The initiative reflects KISNA’s continued focus on offering customer-centric solutions that combine value, transparency and flexibility during key purchase occasions.
Under the Gold Rate Protection Plan, customers can freeze the gold rate by paying a 25% advance on their selected jewellery. The plan remains valid until April 19, coinciding with Akshaya Tritiya. Customers can select their jewellery in advance and complete the final purchase on the festive day, ensuring both convenience and price assurance.
The plan has been structured to safeguard customers against price fluctuations, ensuring that they are billed at the lower of the gold rate on the day of booking or the day of final invoicing. This mechanism enables customers to remain protected regardless of market movements, offering a clear advantage in a volatile pricing environment.
The offer is valid across gold and diamond-studded jewellery categories and is available at all KISNA exclusive brand showrooms. It is specifically designed for festive and wedding buyers planning purchases during the season, rather than for investment-led buying such as coins or bullion.
As this is the first time KISNA has introduced such a proposition, the brand expects the plan to contribute approximately 25% of its monthly business, with early consumer response indicating encouraging traction. Participation is expected to build further as awareness increases closer to the festive period.
Commenting on the launch, Mr. Ghanshyam Dholakia, Founder & Managing Director, Hari Krishna Exports and KISNA Diamond and Gold Jewellery, said:

“In a volatile gold price environment, the industry is seeing increasing unpredictability in purchase cycles, especially around key festive periods. For us, Akshaya Tritiya contributes nearly 15% to 18% of our annual revenue, making it a critical business window. Structured offerings like the Gold Rate Protection Plan help bring greater visibility to demand while encouraging advance bookings and strengthening conversions during this period.”
Commenting on the launch, Parag Shah, CEO, KISNA Diamond & Gold Jewellery, said:
“With gold prices witnessing ongoing fluctuations, customers are becoming more cautious and value-conscious in their purchase decisions. The Gold Rate Protection Plan has been introduced to address this need by offering price assurance and flexibility. It allows customers to plan their purchases in advance without worrying about market volatility, while ensuring they benefit from the most favourable pricing.”

Akshaya Tritiya remains a key purchase occasion for jewellery, with consumer sentiment closely linked to gold price movements. As buyers become more value-conscious and shift towards lightweight and studded jewellery, the Gold Rate Protection Plan positions KISNA to drive stronger consideration and conversions during the festive period.
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