National News
Hari Krishna Exports Celebrates 12 Years at The Capital, Mumbai
Conducts Life-Saving Initiative: Blood Donation Drive and Eye Check-Up Camp at Bharat Diamond Bourse, BKC, Mumbai
Hari Krishna Exports Pvt. Ltd. (HK), a globally renowned ethical diamond sourcing company, commemorated its 12-year milestone at The Capital, Bandra Kurla Complex (BKC), Mumbai, with a significant humanitarian initiative—a blood donation drive. This event was not just a celebration of HK’s growth but a reaffirmation of its deep-rooted commitment to social responsibility.
A Legacy Built Over Decades
HK’s journey in Mumbai began in 1994, when the Dholakia brothers—Savji, Tulsi, Himmat, and Ghanshyam—opened their first Mumbai office at Panchatantra, marking a crucial step in expanding their diamond business. As the company grew, so did its presence in the city, moving to Shreeji Chambers in 1997 and later to Prasad Chambers in 2003 to accommodate its rising workforce.
By 2013, HK had firmly established itself as a leader in the diamond industry, opening its prestigious 44,000 sq. ft. office at Bandra Kurla Complex, Mumbai’s financial hub. This expansion showcases the company’s commitment to the relentless pursuit of excellence and innovation.
Celebrating with Purpose
To mark this 12-year milestone at The Capital, HK organised a large-scale blood donation drive, bringing together employees, industry partners, and volunteers. The event, held at the Convention Hall, BKC, Bandra (E), Mumbai, from 10 AM to 6 PM, witnessed an overwhelming response, with 520 units of blood collected, contributing to a cumulative total of 19983 bottles donated over the years.
This remarkable event was graced by our esteemed Mr. Kiritbhai Bhansali Mumbai BJP-Treasurer and Vice Charmen GJEPC, and other notable figures from the Banking and diamond industry were in attendance, lending their support to the cause and recognizing the company’s efforts toward philanthropy and employee well-being.
A Commitment Beyond Diamonds
HK has always prioritised the health and well-being of its employees, ensuring comprehensive health check-ups and wellness programs. The blood donation drive is just one of many initiatives aimed at fostering a culture of care, solidarity, and responsibility.
The event was meticulously organised with the support of experienced medical professionals, ensuring a smooth and safe donation process. Donors were provided with refreshments and tokens of appreciation, symbolising HK’s gratitude for their selfless act.
A Message of Gratitude and Vision for the Future
In a statement Ghanshyam Dholakia expressed,“We are deeply grateful for the overwhelming participation in our blood donation drive. Over the past 12 years, our journey at The Capital has been made possible by the unwavering dedication of our employees, partners, and customers. This initiative is not just a celebration of our achievements but a testament to our commitment to giving back to society. We look forward to continuing this tradition of care and responsibility for years to come.”
National News
Gold Exchange Schemes See Surge In Demand
Nearly 25% Of All Jewelry Buyers Now Opt For Exchange Programs Instead Of Outright Cash Purchases
In 2026, India’s retail gold sector is witnessing a significant paradigm shift. Driven by a combination of macroeconomic factors and strategic government appeals, gold exchange schemes have emerged as a dominant trend. Nearly 25% of all jewelry buyers now opt for exchange programs instead of outright cash purchases, marking a substantial increase from previous years.
Key Drivers of the Exchange Trend
1. Record-High Gold Prices
The primary economic catalyst for this shift is the unprecedented surge in gold prices. As fresh gold becomes increasingly expensive, consumers are unlocking the value stored in their existing assets rather than stretching their liquid capital to make new purchases.
2. Government Advocacy and Import Reduction
The trend is heavily backed by national policy interests. Prime Minister Narendra Modi has actively appealed to the public to utilize old jewelry for new purchases rather than buying fresh gold. The strategic goal behind this initiative is to curb India’s massive gold imports, thereby strengthening the current account deficit and stabilizing the national economy.
3. Aggressive Jeweler Incentives
Jewelers have rapidly adapted to consumer demand and government alignment by lowering the barriers to entry for exchanges.
Two major policy shifts are driving this retail adoption:
- Zero-Deduction Exchange Schemes: Traditional penalties and melting losses that previously deterred consumers from exchanging gold are being eliminated.
- Relaxed Documentation & Purity Standards: Retailers are now accepting old gold sourced from any jeweler starting at a purity level as low as 9KT, even without original purchase bills.
Market Implications
The 25% Threshold: The fact that a quarter of all jewelry buyers are now choosing exchange programs signifies that gold recycling is no longer a niche or distress-driven activity; it has entered the mainstream consumer behavior matrix.
- For Consumers: This shift provides a highly liquid, cost-effective way to upgrade designs and maintain asset value without facing heavy financial hits or bureaucratic hurdles (like tracking down decades-old receipts).
- For the Economy: By circulating existing domestic gold back into the supply chain, India reduces its reliance on international bullion markets, directly answering the government’s call for macroeconomic resilience.
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