National News
Women in the GJ Industry Pave the Way for Leadership and Innovation

Empowered women from the Gem & Jewellery industry emphasized how every woman is an invaluable asset to any organization. The shared message was clear: women are most formidable when we unite, offering unwavering support, uplifting encouragement, and celebratory affirmation of each other’s achievements. The amplification of women’s voices is not a one-time act but a continuous process that requires ongoing cultivation. It demands a sustained commitment to creating an inclusive ecosystem where women are not just present but empowered to lead, innovate, and shape the future.
Here’s what leading women and entrepreneurs have to say about International Women’s Day and its significance.

Madhuri Dixit Nene -Indian Actress – Icon of Indian Cinema
“When you educate a girl child you educate a family. It is necessary to educate women. Education is the key to progress. As a people we have a responsibility to empower women; empowering women leads to a better society. We should ensure women are represented in all segments of society, in all sectors of industry. Women need to come forward and be an integral part of every sector.”

Nirupa Bhatt – Certified Independent Director -Leadership Coach and Consultant
“My journey in the bullion industry has been one of perseverance and purpose. At Aspect Bullion & Refinery, we are committed to fostering a landscape where expertise, not gender, defines success. By championing inclusivity and providing opportunities for aspiring women, we can ensure they play a pivotal role in shaping the future of India’s bullion and refining sector.”

Vaishali Banerjee -Managing Director – India, Platinum Guild International
“The gems and jewellery industry is witnessing a powerful transformation. Today, there are many more women who are redefining every facet be it as visionary designers, strategic business leaders, or discerning consumers seeking authenticity and value. As an industry we need to ensure that this momentum continues and gains even more power, because as more women step into leadership roles it will provide for a thriving and sustainable industry. At Platinum Guild International, we have always been dedicated to amplifying women’s voices, creating meaningful opportunities, and shaping leadership to be inclusive and forward-thinking. My journey as a leader with the company has only deepened my conviction of sustaining the culture of inclusiveness, diversity, meritocracy and equal opportunities.”

Khushboo Ranawat -Director- Swarnshilp Chains & Jewellers
“Every woman is a powerful asset to every company, contributing unique strengths and perspectives that drive innovation and growth. When one woman succeeds, it should serve as an inspiration for others to reach their fullest potential. We are at our strongest when we support, uplift, and cheer each other on, for together, we can break barriers and create a future where all women thrive.”

Hetal Vakil Valia -Jewellery educator, Designer, Manufacturer, Consultant, Entrepreneur
“Women belong in all places where decisions are being made.” – Ruth Bader Ginsburg
“The jewellery industry has long been a symbol of beauty and craftsmanship, but true brilliance comes from the women reshaping its future. I have carved my own path in this dynamic world—turning challenges into stepping stones and tradition into innovation. Empowerment, to me, means more than success; it’s about lifting others, redefining leadership, and proving that resilience and creativity have no limits. The future of this industry isn’t just sparkling—it’s unstoppable, because women like us are at the helm, setting new standards and shining on our own terms.”

Bharti Bangur– Owner & Founder – Bharti Bangur- Fine Jewels
“The gem and jewellery industry has long been a reflection of artistry and precision, and today, it is also becoming a space of empowerment for women. From design and craftsmanship to entrepreneurship and leadership, women are shaping the industry with creativity, resilience, and innovation. Breaking barriers and redefining traditions, their contributions are fostering a more inclusive and dynamic future. As more women step into key roles, mentorship and opportunities become crucial to sustaining this progress. The industry thrives when diverse perspectives are embraced, and empowering women is not just a movement—it’s the key to its continued brilliance.”

Aksha Kamboj – Vice President-IBJA- Executive Chairperson – Aspect Global Ventures
“My journey in the bullion industry has been one of perseverance and purpose. At Aspect Bullion & Refinery, we are committed to fostering a landscape where expertise, not gender, defines success. By championing inclusivity and providing opportunities for aspiring women, we can ensure they play a pivotal role in shaping the future of India’s bullion and refining sector.”

Nishtashri Srinivasan– Director, Emerald Jewel Industry
“I feel like everything in the world has reached a point where there is no more “women do this, and men do this”. Thanks to the universe and every force that has made this happen. I believe that women, are created to bring in warmth, love and aesthetics into the world. They can be such amazing nurturing leaders. The world needs nurturing and love more than anything now. So the role in my opinion, of the women in jewelry industry is to be nurturing leaders, bring in lots of creativity in designs or even in business models and shine on.”

SUHANI GARG – CO FOUNDER – NISHANI
“Jewellery has always been a personal expression, yet the industry has long dictated its form. With Nishani, I set out to change that—creating pieces as dynamic and versatile as the women who wear them. Breaking into luxury as a young female entrepreneur came with challenges, but true impact isn’t about following trends—it’s about creating something lasting. As more women lead in design and craftsmanship, they’re redefining the industry with fresh perspectives. This Women’s Day, I celebrate reinvention and the women who push boundaries, proving that success isn’t about fitting in, but standing out on your own terms.”

Gunjan Sapra – COO and HOD Jewellery Design-International Institute of Gemology
In Gem & Jewellery Industry, its inspiring women breaking barriers, redefining leadership, and revolutionizing the field with creativity and resilience.” We’re not just changing the face of the industry – we’re revolutionizing it. “Kolkata, the cultural and heritage city known for its art and craftsmanship, my journey started as a Jewellery Designer, with leading jewellery houses. Every step of my journey has shaped my vision, strengthened my expertise, and fuelled my commitment to mentoring the next generation of Jewellery professionals. Today, as the COO of the International Institute of Gemology (IIG), I am dedicated to advancing Gem and Jewellery education. Honoured with the GOLDEN GIRL AWARD and SHAKTI AWARD, I take pride in celebrating and empowering women in this dynamic industry.”
By fostering a culture of mutual support, celebration, and empowerment, Women Entrepreneurs & Celebrities are not just carving a space for themselves—they are shaping the entire landscape for future generations. As we continue to amplify women’s voices, let us remember that true progress comes from creating an environment where women are encouraged to lead, innovate, and redefine success. The journey towards a more inclusive and empowering industry is ongoing, and every step forward is a testament to the resilience and determination of women across the field.

National News
Joyalukkas Foundation Hands Over 50 ‘Joy Homes’ to Underprivileged Families in Karnataka

Joyalukkas Foundation handed over 50 newly constructed ‘Joy Homes’ to underprivileged families across Karnataka as a step toward improving the living conditions of marginalised communities. The initiative, part of the Foundation’s ongoing “Joy Homes” project, was formally marked by a key handover ceremony held at the NIMHANS Convention Centre in Bengaluru.
The ceremony was presided over by Dr. Joy Alukkas, Chairman of the Joyalukkas Group, and attended by prominent dignitaries including Mohammed Rihan Nawab (CEO, Emmar Properties), Mohammed Rizwan Nawab (Vice Chairman, KSRTC), Chetan Kumar Mehta (President, Jeweller’s Association, Bengaluru), and Thomas Mathew (Executive Director, Joyalukkas).
The Joy Homes initiative is rooted in the Foundation’s broader commitment to addressing basic human needs through sustainable and inclusive development efforts. Each of the homes, measuring 500 square feet and built at a cost of ₹7.5 lakh, aims to offer not just shelter, but also dignity, safety, and stability to those often left at the margins of society. Beneficiaries of the scheme include families affected by poverty, natural disasters, chronic illness (such as Endosulfan exposure), and disability.
With the latest addition in Karnataka, the total number of homes provided under the Joy Homes initiative has risen to 414 across Kerala, Tamil Nadu, and Karnataka. In a further expansion of the programme, the Foundation also announced a new project to build 50 additional homes in Telangana, extending the reach of its housing efforts across South India. Since its inception in 2009, the Joyalukkas Foundation has focused its Corporate Social Responsibility (CSR) activities on areas such as healthcare access, education, elder care, and women’s empowerment, prioritising interventions that address systemic gaps in underserved communities. Its healthcare initiatives include the monthly distribution of over 1,000 dialysis kits in Kerala, the donation of dialysis machines, the renovation of hospital wards, and ongoing support for palliative care and blood donation drives.
During the COVID-19 pandemic, the Foundation supported the education of over 300 children who lost a parent through scholarships under its “Joy of Hope” programme. In Thrissur, Kerala, the Foundation also operates a senior citizen care facility that includes a dialysis centre, palliative care unit, and other specialized services. Additionally, through vocational training in beautician skills and tailoring, over 200 women have been equipped with the means to achieve financial independence. The Joy Homes project reflects the Foundation’s belief that stable housing is a fundamental step toward social upliftment. By addressing a core need, it enables vulnerable families to focus on rebuilding their lives, accessing opportunities, and securing a better future.
National News
AVR Swarna Mahal Jewellers Expands Legacy with New Showroom in Perambalur

Marking a new chapter in its illustrious journey, AVR Swarna Mahal Jewellers has officially inaugurated its brand-new showroom in Perambalur, bringing its legacy of trust, craftsmanship, and tradition to a fresh audience. The grand opening on May 25, 2025, was celebrated with exclusive offers and warm local reception, adding another gleaming milestone to the brand’s growing footprint.

With this launch, AVR Swarna Mahal now proudly operates 20 retail outlets across Tamil Nadu and neighbouring regions, further solidifying its presence as one of South India’s most beloved jewellery destinations.
The Perambalur showroom promises a wide array of exquisitely crafted pieces across categories — gold, diamond, silver, and Vendi silver jewellery — designed to meet both traditional and contemporary tastes. To commemorate the launch, the store is offering special inaugural discounts:

AVR Shreesmaran, Director of AVR Swarna Mahal stated, “With every new store, we bring not just jewellery, but a heritage of trust and fine artistry. Perambalur is a significant addition to our family, and we look forward to becoming a part of the lives and celebrations of the people here.”

- AVR Swarna Mahal has built a reputation over decades for its exceptional quality, customer service, and commitment to purity. The new Perambalur showroom carries forward this tradition, offering a seamless shopping experience in an elegant, welcoming environment.
Customers can now explore a world where every sparkle tells a story, and where tradition meets timeless beauty — right in the heart of Perambalur. and both precious and semi-precious stones.
National News
Senco Gold Shares Rise as Q4 Profit Nearly Doubles to ₹94 Cr; EBITDA Margin Improves to 9.2%

Shares of Senco Gold rose 2.11% to ₹388.85 after the company posted a sharp rise in earnings for the fourth quarter ended March 2025. The company’s net profit nearly doubled — rising 94.1% year-on-year (YoY) to ₹94 crore — driven by strong revenue growth and improved operational performance. Revenue from operations for Q4 stood at ₹1,377.71 crore, up 21.1% compared to Q4 FY24.
Profit before tax (PBT) increased by 62.4% YoY to ₹85.08 crore, while EBITDA rose 44.8% to ₹127.01 crore. The EBITDA margin improved by 150 basis points to 9.2%, reflecting better cost efficiency and higher value sales.
Operating expenses for the quarter grew by 19.2% to ₹1,250.69 crore. The cost of materials consumed increased 21.6% to ₹1,146.46 crore, and employee benefit expenses rose 27.1% to ₹35.65 crore.
For the full fiscal year FY25, Senco reported a 20.7% increase in revenue to ₹6,328.07 crore. However, net profit declined by 12% to ₹159.31 crore due to a one-time impact from a customs duty cut in July 2024. Adjusted PAT for FY25 stood at ₹207.9 crore, a YoY growth of 10.1%.

Suvankar Sen, Managing Director & CEO, highlighted the company’s robust Q4 performance, with same-store sales growth (SSSG) at 18% and a 21% volume growth in diamond jewellery, which translated to a 38% rise in value terms. Company-owned outlets, contributing 64% of retail revenues, posted a 21% growth, while the franchise segment, contributing 36%, grew by 28% YoY.
The company opened five new showrooms in Q4, across COCO, FOCO, and FOFO models. Senco also saw a surge in old gold exchanges, which made up 40% of total sales, with 61% of that coming from new, non-Senco customers.
Senco Gold, a prominent national jewellery retailer, offers a wide range of products including gold, diamond, Polki, Platinum, Kundan, Jadau, silver, and both precious and semi-precious stones.
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