National News
IBJA’s Appeal Regarding The PM Statement On Gold Purchases
Association Advises Jewellers To Continue Business Operations Normally While Encouraging Responsible Gold Buying and Recycling Practices
In the wake of Prime Minister Narendra Modi’s call for austerity and mindful spending, the India Bullion and Jewellers Association (IBJA) has urged jewellers and consumers to remain calm, avoid panic-driven reactions, and continue business operations responsibly. While acknowledging the Prime Minister’s emphasis on avoiding non-essential gold purchases amid prevailing economic uncertainties, IBJA emphasized that gold remains a culturally significant and trusted financial asset for Indian households. The association has advised jewellers to encourage informed and need-based buying, while also promoting recycling of old gold and transparent trade practices to ensure stability, consumer confidence, and the continued strength of the domestic bullion and jewellery sector. The statement was issued by.Anurag Rastogi-North India Head-IBJA
1. IBJA’s Message to Jewellers:
The Prime Minister has nowhere said that shops should be closed or that jewellers should stop selling gold to customers.
He has only stated that the country is currently going through a difficult phase, and if possible, people should reduce the use of gold for one year.
This does not mean purchases should stop completely. Customers should buy only as per necessity. Purchase only the minimum required or make use of old gold at home by recycling or repolishing it.
IBJA has appealed to jewellers not to panic. Solutions for business continuity will emerge. The government may have a larger roadmap in place, which could take some time to become clear.
The association is seriously reviewing the matter and discussions are ongoing with several agencies. Whatever decisions are taken will soon be communicated to jewellers and the media.
Until then, IBJA does not support any agitation, aggressive protest, shutdown, or opposition to the government. Traders have always stood with the government and will continue to do so.
Everyone is requested to continue operating their business normally, as before.
2. Appeal to Customers:
Customers are requested to take the Prime Minister’s remarks seriously.
If there is a need for 100 grams of gold, people should try to purchase only the minimum quantity required.
India imports gold from abroad, which leads to expenditure of foreign exchange.
It would be better to recycle old gold lying at home and convert it into new jewellery.
3. The Road Ahead:
IBJA will soon hold discussions with the government on this matter. If sales slow down significantly, it could impact GST collections, income tax revenues, bank CC/OD facilities, and the livelihoods of nearly 1 crore people connected to the industry. The issue of employee salaries will also arise.
All these points will be discussed, and the process may take time. Until then, everyone is requested to continue business operations seriously and normally, and avoid creating any atmosphere that could worsen the situation.
National News
Abaran Timeless Jewellery Champions Heritage Conservation To Safeguard Traditional Craftsmanship
Support For Hastashilpa Heritage Village Reflects A Commitment To Preserving India’s Architectural and Artisanal Legacy For Future Generations.
As India’s historic buildings continue to face mounting pressure from urbanisation, redevelopment, and changing lifestyles, concerns are growing not only about the loss of architectural landmarks but also the disappearance of the traditional skills and craftsmanship that created them. Recognising this challenge, Abaran Timeless Jewellery has extended its support to Hastashilpa Heritage Village, reinforcing the importance of preserving cultural heritage and artisanal knowledge.
Through the Abaran Foundation, the philanthropic arm of the Bengaluru-based jewellery house, the company supports a range of initiatives spanning education, healthcare, community welfare, arts, and heritage conservation. Its association with Hastashilpa Heritage Village reflects a deeper commitment to protecting India’s rich cultural legacy beyond the jewellery industry.




Located in Manipal, Hastashilpa Heritage Village is regarded as one of India’s most significant heritage conservation projects. Founded by conservationist Vijaynath Shenoy, the village has successfully rescued and reconstructed traditional homes from across coastal Karnataka, preserving architectural styles and craftsmanship that may otherwise have been lost to neglect or redevelopment.
The conservation process shares many similarities with the art of jewellery making. Every carved beam, decorative element, and handcrafted detail requires meticulous documentation, restoration, and respect for traditional techniques. Much like restoring an heirloom jewel, preserving heritage architecture demands both technical expertise and cultural sensitivity.
For Pratap Kamath, Managing Director of Abaran Timeless Jewellery, the initiative holds personal significance. He noted that the heritage village is located in Udupi, where Abaran was originally founded by his grandfather, Sri Sadanand Kamath. According to Pratap Kamath, the company was inspired by the efforts to preserve heritage homes that might otherwise have vanished as younger generations moved away in search of new opportunities.
His observations reflect a wider concern within the luxury and craft sectors. Whether restoring a centuries-old structure or creating a handcrafted jewel, both disciplines depend on knowledge and expertise that cannot be easily replicated through mass production. Once lost, such skills are extremely difficult to recover.
At the same time, consumers are increasingly drawn to brands that demonstrate authenticity, cultural relevance, and a commitment to preserving heritage. As a result, heritage conservation is evolving from a philanthropic activity into an important reflection of a brand’s values and identity.




Initiatives such as Hastashilpa Heritage Village serve as an important reminder that heritage extends beyond products—it also includes the ecosystems of craft, culture, knowledge, and tradition that make those creations possible.
As India’s architectural treasures and jewellery traditions navigate similar challenges, efforts to preserve one may ultimately help protect the other, ensuring that valuable skills and cultural legacies continue to inspire future generations.
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