National News
Maharashtra’s legacy brand Waman Hari Pethe Jewellers receives IAGES accreditation
The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organisation (SRO) established by and for the Indian gold industry, has officially accredited one of Maharashtra’s oldest and legacy jewellery brand Waman Hari Pethe Jewellers (WHP) with its authorised certification.
“Our mission with the IAGES accreditation is to align our local businesses with global standards while addressing the unique needs of the Indian market with a framework that benefits the consumer, retailer and the gold industry at large. We are delighted to welcome Waman Hari Pethe Jewellers to the IAGES network, whose long-standing reputation of over 100 years and their integrity reflect the values we strive to uphold. This association is yet another step towards bringing greater transparency and reliability to our gold industry,” said Kaushlendra Sinha, CEO of IAGES.
The IAGES accreditation framework covers the entire gold value chain, which includes Refining, Bullion trading, Manufacturing, Assaying and Hallmarking to Retailing and even Digital Gold Selling.
As an IAGES value chain partner, WHP can enjoy several benefits such as an established market leadership, a competitive edge over non-IAGES accredited contemporaries, loyalty of both old and new consumers and deeper investor relations. For consumers, an IAGES-certified retailer means they can shop with total confidence knowing their retailer has sourced and processed the gold ethically and responsibly.
Waman Hari Pethe Jewellers has been a symbol of tradition, craftsmanship and customer care since 1909. An IAGES accreditation helps the brand to further expand its market presence and establish its authenticity among the younger, more informed consumers.
Aditya Pethe, Founder and Director, Waman Hari Pethe Jewellers added, “I’m honoured to be a part of the IAGES effort. We’ve been in the jewellery business for a long time, almost 115 years, but what our industry still definitely lacks today is formalisation. The IAGES accreditation is a very positive step towards process management. Consumers need to be assured that the highest due diligence has been implemented by retailers across the entire supply chain and that is what the IAGES framework promises. I hope more gold businesses join this cause, elevating the ethics and standards of India’s gold sector.”
National News
Zaveri Bazaar Cluster Development Proposal Addresses Parking, Traffic Mobility, Safety, and Security For Citizens and Traders
Proposal Presented To Ravindra Chavan, The BJP’s Maharashtra President
A group of industry leaders met with Ravindra Chavan, the BJP’s Maharashtra president, to press for infrastructure and policy support aimed at revitalizing Mumbai’s Zaveri Bazaar. A comprehensive Cluster Development Proposal for Zaveri Bazaar was presented by Dhiraj Rajmal Baldia, Founder, Jain Bullion Gem & Jewellery Federation (JBGJF). Kanayaa Kakkad, Jt Treasurer-IBJA, presented the key focus areas, including improving parking infrastructure and enhancing traffic mobility to ensure greater safety and security for citizens and traders in the region.
The delegation—comprising senior representatives from 12 leading trade associations—presented a cluster development proposal for Zaveri Bazaar, one of India’s most prominent gold trading districts. Dhiraj Rajmal Baldia outlined the plan, which calls for upgrades to parking facilities, tighter traffic management, and enhanced security measures for traders and visitors.
Industry executives used the meeting to flag ongoing challenges, including market volatility, while emphasizing opportunities for growth. They said targeted policy intervention could help stabilize the sector and sustain momentum. Saiyam Mehra presented the GJCs’ position, while Surendra Mehta detailed concerns raised by the India Bullion and Jewellers Association, along with recommendations for reform.
Chavan signaled support for the initiative and urged the industry to submit detailed project reports to accelerate execution, according to people familiar with the discussions.
Present at the meeting were Saiyam Mehra, IPC, GJC, Vijay Agrawal, National Governing Board Director, IBJA & Director, World Silver Council; Kanayaa Kakkad, Jt Treasurer-IBJA;Surendra Mehta, National Secretary, IBJA; and the Directors of GJC – Madan Kothari, Sahil Mehra, Nilesh Shobhawat. Dhiraj Rajmal Baldia, Founder, Jain Bullion Gem & Jewellery Federation (JBGJF); Mahesh Bafna, President; Anil Pamecha, Director of MWGJA; Bharat Kothari, Director; and Anil Jain, Secretary from Shri Mumbadevi Dagina Bazaar Association; Rahul Desai, CEO & MD, IIG; Hausila Prasad Gupta, Dhanji Street Trade Association; Kishan Dagalia, Founder President; Sundarlal Sankhla, President; Rakesh Agarwal, VP; and Rajeev Agarwal, Secretary of Shri Sarafa Welfare Association, Mumbai.
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Zaveri Bazaar Cluster Development Proposal Addresses Parking, Traffic Mobility, Safety, and Security For Citizens and Traders
Indian bullion Market Experienced A Notable Recovery, Trimming Losses Triggered After The Ceasefire Headlines
Akshaya Tritiya 2026: Industry Outlook and Expectations from India’s Jewellery Trade
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