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THE JEWELLERY DIVISION, INDIA-IBJA

Dedicated to the welfare and upliftment of the small and medium jewellery players

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Dr. Chetan Kumar Mehta, President of the newly created Jewellery Division, India, IBJA spoke to JEWELBUZZ on its objectives, priorities and the roadmap to ensure a bright future for the small and medium jewellery segment. Given under are his comments:

The Jewellery Division, India – a new arm of IBJA – has been created with the express purpose of working for the welfare and upliftment of the small and medium level players in the jewellery industry. IBJA has in place a focused and structured approach for the bullion sector; it is the small and medium jewellers who need handholding, mentoring and guidance.

We will all work together to address various issues: GST, PMLA and other issues of compliance, taxation etc. Also, we will focus greatly on education, training and skill upgradation. We will ensure that critical enablers for success in the current business ecosystem, like digitalization of operations, technology upgradation in manufacturing, marketing, harnessing social media etc. are incorporated in the businesses of the small and medium level jewellers.

We will work closely with small, medium retailers and provide them with tools for growth. And, more importantly, instill in them the confidence to grow from a single store to multi-store chains.

Working closely with these jewellers will help us understand the challenges and pain points; this will be communicated to the government and bureaucracy, which in turn will help in framing policies that contribute to ease of doing business for the small and medium level jewellers.

In order to streamline operations and reach out to maximum players, we will be creating North, South, West and East zones, each with a zonal head. As President – Jewellery Division, India I am confident that collectively we will work together as a team with passion and dedication, and ensure a bright future for the small and medium jewellery segment.

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National News

KISNA Diamond & Gold Jewellery launches KISNA Digital Gold in partnership with SafeGold, expanding its omnichannel gold ecosystem

The launch underscores Limelight’s rapid national expansion as it continues to strengthen its retail presence across India.

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  • Marks KISNA’s entry into digital gold ownership, strengthening its omnichannel gold ecosystem
  • Allows customers to start owning gold digitally from Rs.10 with no lock-in
  • Bridges digital gold ownership with physical jewellery redemption across KISNA’s retail network

KISNA Diamond and Gold Jewellery, one of India’s foremost jewellery brands, today announced the launch of KISNA Digital Gold, a strategic move marking its entry into digital gold ownership through a partnership with SafeGold, a product of Digital Gold India Private Limited (DGIPL).

The launch marks KISNA’s entry into digital gold ownership, strengthening its omnichannel gold ecosystem and expanding how customers can engage with gold across digital and physical touchpoints. Through this partnership, KISNA enables customers to buy, sell and redeem digital gold in a safe, transparent and flexible manner, while extending the trust and credibility of its jewellery legacy into a seamless digital-first experience.

KISNA Digital Gold allows customers to begin their gold purchase with an amount as low as Rs.10, significantly lowering the entry barrier to gold ownership. Customers can buy gold in fractional quantities at live market-linked prices, with holdings credited in grams up to four decimal places.

The digital gold purchased is 24-karat gold of 995 fineness or higher purity, stored securely in insured vaults operated by internationally recognised precious metals custodians, with customers retaining full ownership at all times. Customers have the flexibility to sell their digital gold at prevailing prices or redeem it against physical gold jewellery at KISNA stores across India.

Commenting on the launch, Parag Shah, CEO, KISNA Diamond & Gold Jewellery, said: “The launch of KISNA Digital Gold marks a strategic step in expanding how consumers engage with gold. Enabled through SafeGold, the offering allows customers to start with just ₹10 and transact without any lock-in, making gold ownership more accessible and transparent. Over time, we see digital gold becoming a gateway to deeper jewellery relationships, allowing consumers to plan, save and seamlessly convert their digital holdings into physical jewellery through our retail network.”

Commenting on the partnership Rhea Chaterji, COO and Co-founder, SafeGold said: “Our partnership with KISNA brings together trusted jewellery craftsmanship and secure digital gold infrastructure. By combining asset-backed gold ownership, independent trustee oversight and insured custody, we aim to make digital gold a simple, transparent and reliable option for consumers looking to own gold with confidence.”

How KISNA Digital Gold works

  • Digital onboarding: Customers register on KISNA’s platform using basic details and a valid PAN card.
  • Buy gold starting at ₹10: Gold can be purchased at live prices in flexible amounts.

  • Secure custody: Purchased gold is stored in insured vaults with independent trustee oversight to safeguard customer ownership.
  • Transparent tracking: Customers can access real-time balances, invoices and holding statements online.
  • Sell or redeem: Gold can be sold digitally at prevailing prices or redeemed for physical jewellery at KISNA stores nationwide.

There is no lock-in period, offering customers complete flexibility in managing their gold holdings. The offering is currently available to resident Indian customers with a valid PAN card. While buying and selling is enabled digitally through the platform, customers can redeem their digital gold balance at KISNA’s extensive network of stores, seamlessly bridging digital ownership with in-store craftsmanship.

This launch reinforces KISNA’s long-term focus on accessibility, trust and customer-centric innovation, while adapting to evolving consumer preferences around flexibility, transparency and digital convenience in gold ownership.

KISNA Digital Gold represents ownership of physical gold and is not a regulated financial product or deposit, but a digital method of purchasing gold for personal use.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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