JB Insights
Indian Gold Industry announces ‘Indian Association for Gold Excellence and Standards’ (IAGES)
IAGES is self-regulatory organization (SRO) for the Indian gold industry, by the Indian gold industry that is supported by the WGC
The Indian gold industry has today announced the formation of the Indian Association for Gold Excellence and Standards (IAGES – pronounced as I-AAY-GES), a self regulatory organisation (SRO) created by the Indian gold industry, for the Indian gold industry and supported by the World Gold Council.
IAGES will aim at increasing consumer confidence and enhancing trust in the Indian gold industry through encouraging adoption of fair, transparent and sustainable practices, regulatory compliance, establishing code of conduct and introducing an audit framework – created by the Indian gold industry, for the Indian gold industry across the entire industry value chain. It will be inspired by the World Gold Council’s Retail Gold Investment Principles IAGES will aim to give gold providers a detailed set of best practices and a road map for implementing them.
IAGES will be formed by national industry associations including Indian Bullion and Jewellers Association (IBJA), All India Gems and Jewellery Council of India (GJC) and Gem and Jewellery Export Promotion Council (GJEPC) and supported by the World Gold Council.
IAGES logo represents coming together of various stakeholders of the Indian industry for the greater good of the gold industry and colour red denotes purity, commitment and represents India’s warm diversified culture.
IAGES will be independently governed and professionally managed. The Code of Conduct created by it will be available for everyone from the industry, however, its adoption will be entirely voluntary. The registrations for IAGES membership will be announced soon and the organisation will be operational by early 2025.

Sachin Jain, Regional CEO, India, World Gold Council, said, “The gold industry is integral to the Indian economy, contributing approx. 2% to Indian GDP and 3-5mn in employment. The World Gold Council has been promoting a need for creating a Self-regulatory organisation to promote adoption of best practices. The launch of IAGES marks a pivotal step towards enhancing trust for the Indian gold industry. Self-regulation will help empower stakeholders to build a sustainable and trusted gold market. We at the World Gold Council are fully committed to supporting IAGES. It is a unique initiative and global gold industry will be watching it, it should help propel India’s gold market to global prominence.”
Vipul Shah, Chairman, Gem and Jewellery Export Promotion Council (GJEPC), said, “The formation of IAGES is a landmark achievement for the Indian gold industry. It underscores our collective commitment to establishing the highest standards of ethics, transparency, and sustainability. By creating a self-regulatory body, we are taking a proactive step to build trust and confidence among Govt., consumers, investors, and international stakeholders in the Indian gem & jewellery industry. IAGES will not only strengthen India’s position as a global gold hub but also drive innovation and growth within the industry.


Saiyam Mehra, Chairman, All India Gems and Jewellery Council of India (GJC); “All India Gem & Jewellery Domestic Council is honoured to be associated with the IAGES. IAGES is surely the need of the hour, and this collaboration represents a significant step towards advancing the standards of excellence and transparency within the gold industry in India.
Prithviraj Kothari, National President, India Bullion and Jewellers Association (IBJA); “The establishment of IAGES marks a significant milestone for the Indian gold sector, showcasing our united dedication to upholding the highest standards of integrity, transparency, and sustainability. Through the creation of a self-regulating entity, we are proactively fostering trust and confidence among governmental bodies, consumers, investors, and international partners within the Indian gem and jewellery domain.

JB Insights
Jewellery Advertising and Promotion Hijacked By AI and Algorithms
From decoding what Gen Z wants before they even know they want it, to conjuring surreal ad campaigns featuring models who don’t have a pulse, tech is rewriting the rules of luxury.
By Steve Fernandes
Forget dusty velvet trays and weeks of agonizing over sketches. The jewellery world—an industry notoriously obsessed with heritage, heavy gold, and “the way we’ve always done it”—just got a massive software update.Artificial Intelligence has officially crashed the atelier. From decoding what Gen Z wants before they even know they want it, to conjuring surreal ad campaigns featuring models who don’t have a pulse, tech is rewriting the rules of luxury.

But while algorithms are churning out prototypes at warp speed, the industry’s heavy hitters are drawing a hard line in the gold dust: AI can crunch the numbers, sure, but only human hands can give a piece a heartbeat.
The Tireless Studio Assistant

Walk into a modern design studio today, and you’re just as likely to see prompt engineering as you are pencil shavings. With gold prices hovering in the stratosphere and lifestyles shifting toward lighter, everyday statement pieces, brands can no longer afford to guess what will sell.
The conversation around AI isn’t about replacing artisans—it’s about removing the guesswork. AI test-drives hundreds of variations in gemstones, proportions, and finishes before a single gram of gold hits the workbench. Instead of looking in the rearview mirror at last season’s sales, AI scours search trends and social chatter to predict the next big silhouette.
Pair AI-driven trend forecasting with next-gen hardware—think 3D printing, paper casting, and electroforming—and you get intricate, feather-light pieces hitting shelves at record speed. Throw in blockchain for airtight traceability, and suddenly, the ancient trade of goldsmithing looks straight out of Blade Runner.
Decoding the Modern Buyer

If you think AI is just a backend factory tool, think again. It’s also reading the room—and the customer.
In hyper-discerning markets shoppers want it all: a heritage bridal set steeped in tradition for the wedding, and sleek, contemporary pieces for Monday morning brunch.
By analyzing buyer behavior, AI helps jewellers nail hyper-personalization, offering virtual visualizations and bespoke directions tailored to specific milestones, self-rewards, or celebrations.
Remember: You can’t code the intuition of a seasoned karigar hand-setting a diamond, nor can an algorithm translate a family’s multi-generational story into an heirloom. AI is a creative enabler, not a replacement.
Pixels, Faux-Models,
Of course, the revolution isn’t just happening at the workbench—it’s taking over your feed. Traditional luxury shoots are notoriously brutal on budgets: massive crews, exotic locations, and logistical nightmares. Enter generative AI, slashing content production times by up to 65%.
Brands are ditching physical sets for surreal, dreamlike digital editorials—picture golden heart pendants floating in zero-gravity landscapes—and tapping virtual influencers to front major drops. Just look at Indian label KALON Art Jewellery, which rolled out its “Wildfire” collection starring AI influencer Naisha Bose.
The Glitch in the Glamour

Before we hand the keys of the vault over to our silicon overlords, let’s talk about the catch. For all its swagger, AI still has a glaring blind spot: reality.
Generative algorithms don’t understand physics, metal thickness, or stone-setting mechanics. A ring that looks transcendent on a screen might be structurally impossible to forge in a real workshop without a complete CAD overhaul. Worse, AI still trips over basic human anatomy—nothing kills a luxury vibe faster than a viral campaign featuring a model with six fingers or a warped gemstone.
Then there’s the trust factor. Buying fine jewellery is an emotional, high-stakes flex, and consumers are starting to push back when they realize the radiant model wearing a diamond choker doesn’t actually exist.
The law is catching up, too—New York just passed a landmark regulation forcing brands to slap a disclosure label on ads using “synthetic performers.”
The Verdict
The future of fine jewellery isn’t a cage match between the algorithm and the artisan—it’s a collab. The brands poised to win the next decade are the ones bold enough to let AI handle the heavy lifting of data, speed, and hyper-personalization, while fiercely protecting the raw, messy, irreplaceable magic of human craftsmanship.
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