Page 21 - Bollion World Volume 4 Issue 8 August 2024

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Bullion World | Volume 4 | Issue 8 | August 2024
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journey of being a Viksit (developed) country by 2047, Saiyam Mehra, Chairman, All India Gems and
IAGES marks a turning point for the Indian gold industry. Jewellery Council of India (GJC); “All India Gem &
The World Gold Council has been promoting a need Jewellery Domestic Council is honoured to be associated
for creating a Self-regulatory organisation to promote with the Indian Association for Gold Excellence and
adoption of best practices. The launch of IAGES marks Standards (IAGES). IAGES is surely the need of the
a pivotal step towards enhancing trust for the Indian gold hour, and this collaboration represents a significant step
industry. Self-regulation will help empower stakeholders towards advancing the standards of excellence and
to build a sustainable and trusted gold market. The transparency within the gold industry in India. Together,
IAGES is an initiative that reflects the unified commitment we aim to promote best practices, ensure the highest
of the Indian gold industry to advance shared goals and quality, and foster trust among consumers and industry
ensure a sustainable and robust future for it. We at the stakeholders. By uniting our efforts, we are confident that
World Gold Council are fully committed to supporting we can elevate the Indian gold market to new heights of
IAGES. It is a unique initiative and global gold industry integrity and excellence. Our long-term objective will be
will be watching it, it should help propel India's gold to make this industry more transparent, compliant and
market to global prominence.” play a larger role in our nation’s GDP.

Vipul Shah, Chairman, Gem and Jewellery Prithviraj Kothari, National President, India Bullion
Export Promotion Council (GJEPC), said, “The and Jewellers Association (IBJA);
formation of IAGES is a landmark achievement for "The establishment of IAGES marks a significant
the Indian gold industry. It underscores our collective milestone for the Indian gold sector, showcasing our
commitment to establishing the highest standards of united dedication to upholding the highest standards of
ethics, transparency, and sustainability. By creating a integrity, transparency, and sustainability. Through the
self-regulatory body, we are taking a proactive step to creation of a self-regulating entity, we are proactively
build trust and confidence among Govt., consumers, fostering trust and confidence among governmental
investors, and international stakeholders in the Indian bodies, consumers, investors, and international partners
gem & jewellery industry. IAGES will not only strengthen within the Indian gem and jewellery domain. IAGES is
India's position as a global gold hub but also drive poised to not just fortify India's standing as a global gold
innovation and growth within the industry. This is a hub but also catalyze innovation and progression within
momentous occasion that will shape the future of gold in the sector. This historic moment will undoubtedly shape
India for generations to come. This initiative also aligns the path of gold in India for years to come, resonating
with our Honourable Prime Minister, Shri Narendra with the noble vision of our esteemed Prime Minister,
Modi’s august vision of achieving “Vivad se Vishwas” Shri Narendra Modi, for fostering trust and resolution
with Indian industry. The GJEPC is proud to support this within the Indian industry. IBJA stands firmly behind
initiative and looks forward to the positive impact it will this initiative and eagerly anticipates the transformative
have on the entire value chain of the gold industry.” influence it will wield across the entire gold value chain."

For more information on IAGES, visit www.iages.com

For further information please contact:
Rakhi Khanna Swadhaa Singh
World Gold Council Burson
M +91 9987045 485 M + 91 +91 7400486347
E Rakhi.khanna@gold.org E swadhaa.singh@bcw-global.com

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