The World Gold Council Tuesday named Sachin Jain its new CEO for India.
Jain, who will take up the new role next month, brings with him a deep understanding of the Indian consumer and jewellery market.
He joins from De Beers where he has held several senior roles over the past 13 years. As managing director of DeBeers India, he has led the De Beers Forevermark business in India and the Middle East.
“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,” David Tait, global CEO at World Gold Council, said in a statement. “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.”
Before De Beers, Jain had held senior positions at Lladro, Swatch Group and Benetton.
“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,” Jain said. “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 the 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 the economic growth of India.”
Jain will take over from Somasundaram PR, who will retain his current role and responsibilities until Jain joins and ensure a smooth transition. Somasundaram will continue to be associated with the World Gold Council as an advisor on the setting up of a self-regulatory organisation (SRO), an important initiative for the Indian gold industry.
