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2 minutes read

World Gold Council Appoints Sachin Jain As New India CEO

After being associated with De Beers for the past 13 years and serving as the Managing Director of De Beers India for the past more than three years, Jain will assume the role of World Gold Council's India CEO from March, this year.

| Published on February 27, 2024

World Gold Council Appoints Sachin Jain As New India CEO

World Gold Council has onboarded Sachin Jain as its new India CEO.

For the past 13 years, Jain has been associated with De Beers across various senior roles. Of which, he has spent the past more than three-and-a-half years as Managing Director of De Beers India wherein he led the De Beers Forevermark business in the country and the Middle East.

Previously, he also held several senior positions for Lladro, Swatch Group and Benetton.

With this impending transition of Jain, World Gold Council’s Current India CEO, Somasundaram PR, will retain his current role and responsibilities until March 2024 and ensure a smooth transition.

Post that, he will continue to be associated with World Gold Council as an advisor on the setting up an SRO (self-regulatory organisation), an important initiative for the Indian gold industry.

Speaking on the development, David Tait, Global CEO, World Gold Council, said-

“I am delighted that Sachin is joining us at an important time for the Indian gold market. Sachin’s experience in the retail market, and jewellery industry is crucial to our efforts to enhance consumer’s trust in gold and in the Indian gold industry. In addition, his marketing expertise will help deepen our engagement not only with the gold industry but also with financial institutions and raise awareness of gold’s role in every investment portfolio. Sachin brings energy, enthusiasm, and a deep understanding of consumer behaviour, and I look forward to working with him to help more consumers realise the potential of gold in all its forms.”

To this, Sachin Jain, the incoming CEO of World Gold Council- India, added-

“It is a privilege to be entrusted with leading World Gold Council’s activities in India, given its pivotal role in shaping the gold industry. I am deeply impressed by the organisation’s commitment to sustainability, responsible practices, and positive contributions to the global gold sector. My vision for gold industry in India is rooted in a dedication to fostering sustainable practices and driving positive change. I am looking forward to strengthening World Gold Council’s engagement with various stakeholders, promoting responsible practices, harnessing gold’s growing appeal as an investment asset, and enhancing its role in economic growth of India.”

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