Purshottam Narayan Gadgil, a most trusted name in Jewellery and utensils business in Maharashtra, was started in 1832 in Sangli.

The establishment further expanded their business by starting a shop on Laxmi Road in Pune on 9th February 1958.

In the year 1998 PNG Jewellery & Gems came into existence for dealing especially in Diamonds, Precious & Semi Precious Stones, Pearls, Corals and studded jewellery. In the year 2002 taking into consideration the growth of Pune a small store was started on Paud Road. In 2004, the shop was further expanded into a 2500 sq. ft. showroom. In 2003 a store was started in Chinchwad, in 2004 in Camp, in 2007 away from Pune in Nashik and in 2012, one on Satara Road and one on Sinhagad Road.

P.N.G. Diamonds has launched a new store in Bund-Garden Road in Pune on 10th August, 2014. This high-end jewellery boutique is spread across 1200 sq. ft. primarily focusing on diamonds with a 50 ft. counter. The store will also stock basic gold jewellery.

Late. Laxmanrao Gadgil known as Nanakaka was given an honour of RATNAPARKHI by the then Raja of Sangli State. Nanakaka was main inspiration behind the Gems business of PNG. Late. Shrikrishna Gadgil popularly known as Rajabhau further took the Gems business of PNG to new heights.

Dream of Rajabhau was further enhanced by current Team PNG i.e. Smt. Padmini Gadgil, Shri. Akshay Gadgil, and Shri. Rohan Gadgil. Smt. Padmini Gadgil is IGI Certified Diamond Grader. Shri. Akshay Gadgil is MBA Finance and GIA's Graduate Gemmologist. Shri. Rohan Gadgil is MBA Finance and IGI Certified Diamond Grader.

As it is the need of the hour, and also keeping in mind the expansion of residential areas and demands of customers from areas like NIBM road, Wanowrie, Bibewadi, Kondhwa etc, PNG Diamonds has opened a new store at Gera Junction Chowk, on 17th September 2015. This store is quite large with a display of gold and diamond jewelry spread across 3800 square ft and it is divided into two floors. Until now, there was no jewelry store in this area of the city, but with the opening of this branch our customers won't have to travel very far. This location is well-connected to the areas of Bibewadi and Market Yard as well.

“PNG Diamonds is known for its high quality standards. We can proudly say that all the diamonds and stones sold by us are assorted by four of us and because of that high quality can be assured." said Padmini Gadgil.