Prince Hallmarking & Refinery

What Prince Hallmarking & Refinery does

Prince Hallmarking & Refinery Pvt. Ltd. operates a pan-India network of BIS-accredited (Bureau of Indian Standards) precious-metals testing, hallmarking, assaying, refining, and exchange centres serving gold and silver jewellers, goldsmiths, and jewellery manufacturers. Founded in 2008 via the merger of Prince Hallmarking and Nakoda Hallmarking and headquartered in Chennai, the company positions itself as a regulatory-mandate-compliant service provider under IS 15820:2009/2024 standards following the January 15, 2021 compulsory hallmarking requirement for gold jewellery in India.

The company's service stack includes BIS-certified hallmarking for gold and silver jewellery and artefacts, computerized X-ray fluorescence (XRF) testing using German SDD detectors capable of 30-second results, fire assaying in NABL-accredited laboratories, silver titration testing, Italian Aqua Regia refining producing 99.90% and 99.5% purity gold, old-gold exchange for 99.99% and 99.5% purity bars, diamond-jewellery refining, laser soldering, laser marking with rotary-axis systems, and a proprietary Gold Jewellery Certification Card with QR-coded grading reports. The company operates four sub-brand identities (Prince Hallmarking, Nakoda Hallmarking, A-One Touch, Nakoda Touch) across 14+ Indian cities, with a stated goal of reaching 100,000 customers.

The business model is transaction-fee-based across hallmarking, assaying, refining, exchange, certification, and laser services. Distribution is direct-to-customer via physical centres (Main Centres, Offsite Centres, Testing Centres) plus on-site XRF testing at customer premises. Customer segments are horizontal across small goldsmiths and large manufacturing companies, with marketing concentrated on organic social, WhatsApp Business, website content, and industry exhibitions. Leadership comprises Managing Director Golakh Parida (FCA, MBA, since 2014) and Director Manuara Begum (since 2007). The company is privately held with no external institutional investors or funding rounds disclosed.

Name

Prince Hallmarking & Refinery

Legal name

Prince Hallmarking and Refinery Pvt Ltd

Website

https://princehallmarking.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Prince Hallmarking & Refinery is a Chennai-based BIS-accredited Indian operator of 25+ precious-metals hallmarking, assaying, refining, and exchange centres serving gold and silver jewellers, goldsmiths, and jewellery manufacturers across 14+ cities. Founded in 2008, it uses XRF, fire assay, and Italian Aqua Regia processing under IS 15820 standards.

Ownership category

akta.pro rank

Product category

Precious Metals Testing & Hallmarking Services

NAICS

Jewelry and Silverware Manufacturing (33991), Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers (42394)

SIC

Jewelry, Precious Metal (3911)

akta.pro primary industry

Traceability, Provenance & Compliance Services (e.g., origin, AML/KYC, sanctions) (CRAKAJAL)

akta.pro secondary industry

Precious Metals Minting & Bullion Products (IMAKAEAJ)

Keywords

• Precious metal hallmarking
• Gold assaying services
• Silver jewellery testing
• Gold refining services
• Jewellery certification

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices14 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Hallmarking & Assaying Services: BIS-certified hallmarking of gold and silver jewellery and artefacts. Jewellers submit their articles for testing, assaying, and hallmarking at certified centres. Revenue generated through per-transaction fees for hallmarking, testing, and assaying services.
2. Gold Refining Services: Refining of impure gold into pure 99.90% and 99.5% gold as per customer requirements. Revenue earned through refining charges based on weight and purity of gold processed.
3. Gold Exchange Services: Instant exchange of impure gold for pure gold bars (99.99% and 99.5% purity). Available at 15 hallmarking centres and 10 testing & exchange centres. Revenue generated through spread/margin on exchange transactions.
4. Jewellery Certification: Gold jewellery certification cards providing comprehensive grading reports with QR codes. Additional authentication service beyond BIS hallmarking.
5. Laser Soldering & Marking: Advanced laser soldering services for jewellery repair and laser marking services. Revenue generated per job/service.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Prince Hallmarking & Refinery provides BIS-certified hallmarking of gold and silver jewellery and artefacts through 25+ assaying and hallmarking centres across India. Core services include purity verification (via XRF, fire assaying, and silver titration), refining of impure gold into pure 99.90% and 99.5% bars using Italian Aqua Regia processing, instant gold exchange (old gold for 99.99%/99.5% purity bars), laser marking and soldering, and a proprietary Gold Jewellery Certification Card with QR code authentication. The company serves jewellers, goldsmiths, and jewellery manufacturers who need regulatory-compliant hallmarking and purity certification.

Product overview

Prince Hallmarking & Refinery Pvt. Ltd. is a unified platform offering comprehensive jewellery testing, hallmarking, assaying, refining, and exchange services. The core platform consists of Gold and Silver Hallmarking and Assaying services, complemented by specialized add-on modules including: XRF Testing (Computerized X-Ray Gold Testing), Fire Assaying Gold Testing, Silver Titration Testing, Gold and Silver Refining, Old Gold Aqua Refinery & Exchange, Diamond Jewellery Refinery, Old Gold Melting, Gold Coin production, the proprietary Gold Jewellery Certification Card (invented by the company), Laser Soldering, and Laser Marking. The company operates multiple sub-brands including Prince Hallmarking, Nakoda Hallmarking, A-One Touch, and Nakoda Touch, across 25+ BIS-accredited hallmarking centers and 6 XRF testing centers pan-India. The company is the only one-stop company providing testing, refinery, exchange of old gold, assaying, hallmarking, laser soldering, and jewellery certification for gold and silver jewellery.

Differentiator

Problem solved

Functional benefit

Products and services

• BIS Hallmarking of Gold Jewellery & Artefacts Bureau of Indian Standards (BIS)-certified hallmarking of gold jewellery and artefacts for jewellers, goldsmiths, and jewellery manufacturers, ensuring legal compliance with mandatory hallmarking requirements and providing verified purity certification to end customers.
• BIS Hallmarking of Silver Jewellery & Artefacts BIS-certified hallmarking of silver jewellery and artefacts in accordance with Indian Standard specifications, including HUID unique identification marking, offered to silver jewellery retailers and manufacturers.
• Gold Jewellery Certification Card Proprietary jewellery certification card providing comprehensive grading reports with a unique QR code containing all jewellery data including carat, quality, and content; offered to jewellers as additional authentication beyond the standard BIS hallmark.
• Gold and Silver Refining Refining service that processes impure gold into pure 99.90% and 99.5% gold using Italian Aqua Regia Refinery Processing equipment, offered to jewellery manufacturers and large gold holders.
• Old Gold Aqua Refinery & Exchange Instant exchange service offering to convert old or impure gold into pure 99.99% and 99.5% gold bars, available at 15 hallmarking centres and 10 testing & exchange centres across India.
• Computerized X-Ray Gold Testing (XRF) Computerised X-ray fluorescence testing service delivering gold purity results in 30 seconds using German SDD technology, available at 6 XRF testing centres or on-site at customer locations for rapid purity confirmation.
• Fire Assaying Gold Testing Traditional fire assay testing for accurate carat and purity measurement of gold, performed at NABL-accredited assay laboratories for the highest-accuracy verification standard.
• Silver Titration Testing Chemical titration-based testing service for verifying silver purity levels, offered to silver jewellery trade participants.
• Diamond Jewellery Refinery Specialised refining service that separates and refines precious metals from diamond-studded jewellery pieces, targeted at diamond jewellery manufacturers and retailers.
• Laser Marking and Laser Soldering Combined laser marking service (for damage-free hallmarking on intricate pieces) and laser soldering service for repairing broken jewellery, offered to jewellers requiring precise, minimally invasive work.
• Old Gold Melting and Gold Coin Production Service for melting old gold jewellery to produce refined gold bars and custom gold coins with guaranteed purity, available at select hallmarking centres.
• NABL Accredited Assay Laboratory NABL-accredited testing laboratory services meeting national and international standards for testing and calibration, currently operational at the company's Mumbai and Chennai locations.

Quantifiable outcome

• Zero damage to jewellery throughout the hallmarking process
• +5 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Others

• National Spot Exchange (NSEL): Indian commodity exchange platform that has historically facilitated precious metals trading and certification. Adjacent rather than directly comparable, but participates in the same precious metals authentication and trading ecosystem that Prince Hallmarking serves.
• World Gold Council (India): Industry body for the gold industry, including India market development and gold purity advocacy. Not a direct peer but a key industry stakeholder whose standards and awareness efforts influence the addressable market for gold hallmarking services like those of Prince Hallmarking.

Emerging players

• SafeGold (Digital Gold): Digital gold platform in India with ties to MMTC-PAMP refining. While not a hallmarking centre, it operates adjacent gold exchange and purity-verification services and competes for some of the same end-consumer trust and dealer mindshare as Prince Hallmarking.

Direct peers

• Kundan Care Products: Operates Kundan Gold Refinery and BIS-accredited hallmarking centres in India. Provides gold refining, assaying, and hallmarking services — closely aligned with Prince Hallmarking's core services and target customer base of jewellers.
• Gujarat Gold Centre (BIS-recognised hallmarking centres): Network of BIS-recognised hallmarking/assaying centres operating across India (listed by Bureau of Indian Standards). Direct competitors to Prince Hallmarking in providing BIS-certified hallmarking services to jewellers, particularly concentrated in major gold trading hubs like Surat, Ahmedabad, and Mumbai.

Broad incumbents

• PAMP (Switzerland): Globally recognized LBMA-accredited precious metals refiner and the parent of MMTC-PAMP India. Comparable to Prince Hallmarking on the precious metals refining and minting/bullion production capabilities, though it operates internationally rather than as a jewellery-facing hallmarking service.
• MMTC-PAMP India: One of India's largest precious metals refiners and a joint venture between MMTC and PAMP (Switzerland). Operates a LBMA-accredited gold and silver refinery and produces minted bars/coins. Comparable to Prince Hallmarking on the refining/bullion product side, though it does not specialize in third-party jewellery hallmarking.
• Rajesh Exports: World's largest gold jewellery manufacturer and exporter with in-house precious metals refining capabilities. Comparable to Prince Hallmarking's refining operations but operates at very different scale and primarily in jewellery manufacturing and exports rather than third-party assaying/hallmarking services.
• Augmont Industries: India-based gold refining and bullion products company with digital gold platform (Goldline) and a precious metals refinery. Comparable on the gold refining, exchange, and bullion production dimensions of Prince Hallmarking's business.
• CGR Metalloys: India-based precious metals refiner accredited by LBMA and BIS. Operates gold and silver refining and assaying services. Direct comparable on the refining and precious metal assaying services that overlap with Prince Hallmarking's offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/prince_nakoda
• YouTubeyoutube.com/channel/UCVqXXFHQNGX6beZgL6_SIIg
• Facebookfacebook.com/itsprinceblr
• LinkedInlinkedin.com/company/prince-and-nakoda-hallmarking
• Instagraminstagram.com/prince_nakoda_hallmarking

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prince Hallmarking & Refinery