Whether it was the Mayan civilization, or the era of popular kings and emperors of different regions, all have a history of using precious metals like gold and silver that represents the wealth and prosperity of that era.
Asia’s biggest gold and silver importer MMTC Limited was incepted in the year of 1963 at New Delhi with the vision of exporting mineral ores and importing precious metals. It is an authorized Government of India Enterprise, and is nowadays India’s leading bullion trader of gold and silver and the largest public sector trading organization. The Government agency MMTC is not only engaged in the export of primary products like coal, iron ore, and manufactured agro and industrial products, but it is also involved in the activity of importing precious articles such as gold, silver, platinum, palladium, rough diamonds, emeralds, rubies and other precious and semi-precious stones. The enterprise also supplies these precious products to the jewelers of India for the purpose of domestic sales and exports. The huge popularity of MMTC can be explained by the fact that it has handled over 185 million tons of gold and 690 million tons of silver during the year 2009 to 2010.
It is the metal unit of MMTC jewellery which has largely contributed to the overall growth of the company and is involved in the activities of imports, exports and domestic retail trade of precious jewellery. MMTC jewellery also deals in the production of plain gold jewellery and the jewellery products 鑽石耳環 that are studded with diamonds, precious and semi-precious stones of different varieties. After proper inspection, the jewellery designs are carefully chosen from different regions of India, which results in the delivery of an exclusive range of fine quality jewellery. MMTC jewellery has wide varieties of distinctive jewellery design which comprises both traditional as well as modern patterns. In the present time, the company has its own silverware brand which is named as ‘Sanchi’. The silverware products are made up of 92.5 % pure sterling silver. To manufacture gold and silver medallions in India, the company MMTC Jewellery merged with Produits Artistiques de Metaux Precieux (PAMP) AG of Switzerland in the year of 2007. The same year, the jewellery brand MMTC established a metal refinery plant in the Mewat district of Haryana. The lengthy and precious collections of MMTC jewellery include pendants, earrings, finger rings, Kadas, bangles, bracelets and a wide range of full jewellery sets for the modern age women and men. MMTC is one of the keepers of the Diamond Plaza Customs Clearance Center which is located in Mumbai, and also the custodian for import and export of precious jewellery products. MMTC Jewellery also runs domestic testing and hallmarking units across different regions of the country such as New Delhi, Jaipur, Ahmedabad and Kolkata. The testing and hallmarking division of MMTC is involved in the activity of examining the purity of gold and gold products, which is duly certified by the Bureau of Indian Standards. Since the year of 1996, the manufacturing unit of MMTC based in New Delhi has been delivering its own brand of gold and silver medallions. MMTC Jewellery products are easily available in the Indian market and its own sterling silverware brand ‘Sanchi’ has many showrooms across all the major regions of India. The brand also supplies hallmarked gold and gem-studded jewellery to all the major cities of India. Today, MMTC Ltd has become India’s largest trading giant and leading exporter in the industry for minerals. The distinguished and exclusive variety of jewellery design is supplied from almost all the regions of India, to offer a long line of jewellery products to the customers with the assurance of guaranteed purity.