National News
SEBI proposes new framework for valuation of gold and silver in ETFs to standardize mutual fund industry practices
New SEBI framework aims to bring transparency and standardization to gold and silver ETF valuations, aligning practices across mutual funds.
The Securities and Exchange Board of India (SEBI) has issued a proposal to introduce a uniform valuation mechanism for gold and silver Exchange Traded Funds (ETFs), marking a significant step towards improving consistency, transparency, and efficiency across the mutual fund industry.
In its consultation paper, SEBI recommends the adoption of domestic spot prices for valuing physical gold and silver assets held by ETFs, replacing the current use of the London Bullion Market Association (LBMA) price in U.S. dollars. At present, different mutual fund houses follow varied valuation methods, which may lead to duplication of effort and inconsistencies in the Net Asset Value (NAV) calculations of these funds.
The move is expected to align the valuation of physical and derivative assets, reduce operational complexity, and better reflect the local market conditions. SEBI believes this change will benefit investors by enhancing comparability and fairness across all gold and silver ETFs.
This proposal reflects SEBI’s commitment to evolving with the changing needs of the financial ecosystem and promoting best practices in asset valuation. Market participants, stakeholders, and the public are invited to share their comments and suggestions on the proposed framework by August 6, 2025.
National News
SRK’s Sustainability Leadership Recognised With Excellence Award
Recognition Highlights The Growing Role Of Responsible Craftsmanship In The Natural Diamond Industry
As environmental, social and governance (ESG) considerations increasingly move from voluntary corporate commitments to matters of business resilience, supply-chain responsibility, regulatory scrutiny and stakeholder trust, sustainability is becoming an increasingly important part of how luxury products are evaluated. For the global diamond industry, this evolution is bringing greater attention to the environmental and social performance of the entire value chain, including how diamonds are crafted. Against this backdrop, renowned natural diamond crafting and exports company Shree Ramkrishna Exports (SRK) has been recognised with the “Net Zero Excellence Award” by The Forum House during The House of ESG Summit & Awards 2026, held recently in Bengaluru, India.
The recognition carries particular significance because ‘The House of ESG’ by The Forum House, an executive forum connecting businesses with senior decision-makers and building relationships around meaningful business challenges, brought together CXOs, policymakers, investors, sustainability leaders and industry experts to examine the real-world challenges where sustainability intersects with profitability, supply-chain dependencies and regulatory scrutiny.
Dr. Nirav Mandir, Chief Human Capital and Sustainability Officer, Shree Ramkrishna Exports,Said:

“We are honoured to receive this recognition from The Forum House, particularly because the House of ESG brings together leaders who are actively shaping the next phase of responsible business. For SRK, sustainability has been about building systems, measuring outcomes and creating lasting impact. We believe the natural diamond industry has an opportunity to demonstrate that responsible crafting can be embedded into the product journey itself. This recognition encourages us to continue raising that standard.”
For SRK, the recognition comes after decades of translating sustainability commitments into measurable performance. Both of the company’s flagship LEED platinum certified natural diamond crafting facilities in Surat — SRK Empire and SRK House achieved Net-Zero Energy and Emissions certification in 2024 by Global Network for Zero (GNFZ), an independent, third-party net zero certification body. SRK has subsequently expanded its focus to independently verified Scope 1, Scope 2 and Scope 3 emissions and product-level carbon measurement. SRK’s sustainability journey extends across renewable energy, green-building performance, resource efficiency, water and waste management and carbon sequestration. Through Geeta Vatika, its afforestation initiative, SRK has continued to create measurable carbon-sequestration impact. As per verified carbon sequestration by DQS, Geeta Vatika accounted for approximately 2,929 tonnes of CO₂ in FY2023–24, 3,182 tonnes in FY2024–25 and 4,982 tonnes in FY2025–26.
SRK’s sustainability efforts are also being measured at the level of the diamond-crafting process itself. Its Product Carbon Footprint was independently verified by DQS India. This provides a direct product-level dimension to the sustainability conversation: at the crafting stage covered by the assessment, the carbon sequestration credit exceeded the emissions associated with the core manufacturing process.
The recognition from The Forum House comes at a relevant moment for both SRK and the wider diamond industry. As ESG moves towards greater scrutiny and accountability, the distinction between what a company says about sustainability and what it can demonstrate through data, systems and independently verified results is becoming increasingly important. For SRK, the Sustainability Excellence recognition is an acknowledgement of its approach to embedding sustainability into the way natural diamonds are crafted and a catalyst to continue progressing beyond its Net-Zero milestones towards a broader Net Positive ambition.
-
New Premises14 minutes agoRitvaa Comes To Thane With Jewellery Rooted In Indian Artistry
-
New Premises1 week agoAevum – A New Chapter Of Diamond & Platinum Jewellery Has Begun In Rajkot and Morbi
-
National News46 minutes agoSRK’s Sustainability Leadership Recognised With Excellence Award
-
National News2 days agoIndia Gold Conference 2026: India Gold Vision: Recycle, Reform & Re-Innovate

