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Aukera raises ₹90 crore debt funding to expand lab-grown diamond jewellery business
In a significant move, lab-grown diamond brand Aukera raised ₹90 crore in debt financing, spearheaded by Alteria Capital. This influx of capital is earmarked for enhancing retail presence and advancing product innovation. Aukera's strategy includes opening additional outlets in both familiar and new cities, as the company targets the upscale segment of the booming market, ensuring a robust balance sheet for upcoming industry shifts.
Senco Gold Ltd opens 8 new stores in Q1, targets 12-15 additional outlets this fiscal year
Senco Gold has significantly expanded its retail presence, adding eight new showrooms in the first quarter of FY27, bringing its total to 208 outlets. The company reported a robust 60% year-on-year revenue growth, driven by strong festive demand and a 38% rise in same-store sales. Despite challenges like higher gold prices and increased customs duty, Senco's diamond jewellery segment showed impressive growth, with plans to further expand through franchising.
Coloured gemstones prices rise 20% as demand surges; gold, silver prices decline
Coloured gemstone jewellery is seeing a surge in popularity, with prices rising 20% year-on-year as affluent consumers favour these vibrant pieces over traditional gold and diamond items. This trend, driven by global influences and celebrity endorsements, has boosted demand by 30%, prompting jewellers to expand their inventories for the upcoming festive and wedding seasons.
Diamonds shine as gold buyers adapt to price volatility
As Indian consumers face rising gold import duties and erratic prices, they are changing their buying habits for jewellery. The Indriya brand reports an uptick in diamond-studded items, alongside an increase in old gold exchanges. Meanwhile, Aditya Birla Jewellery is shifting its focus from the classic 4Cs to sparkle, aiming to resonate with the younger audience eager for fresh trends.
India's gems, jewellery exports dip 35 per cent in March on US-Iran conflict: GJEPC
India's gems and jewellery exports saw a significant drop in March, largely due to the West Asia conflict impacting logistics and insurance costs. Despite this setback, the industry is exploring opportunities to become a rough diamond trading hub. While demand weakened in some key markets, other regions provided support. The council anticipates a recovery as geopolitical tensions ease.
Akshaya Tritiya: Jewellery demand may stay resilient as buyers turn value-conscious, say experts
Akshaya Tritiya on April 19 is set to bring steady to strong jewellery demand in India, with planned design led purchases, growth in lightweight, premium and lab grown diamond segments.
Right policies can help bring idle household gold into the market
Indians hold significant idle gold. Unlocking this gold could ease economic pressure by reducing reliance on imports. A two-year-old brand, Indriya Aditya Birla Jewellery, sees increased gold exchange contributing to sales. The company focuses on design and quality, catering to women of all ages. Indriya also plans to expand its natural diamond business, seeing growth potential in the Indian market.
PNGS Reva Diamond Jewellery share price jumps over 16% after weak listing
PNGS Reva Diamond Jewellery share price saw buying momentum after a weak debut, despite the Indian stock market crash today. PNGS Reva Diamond Jewellery share price jumped as much as 16.54% from its listing price to a high of ₹433.55 apiece on the BSE.
PNGS Reva Diamond Jewellery shares list at 4% discount to IPO price on BSE
The ₹380-crore IPO received an overall subscription of 1.23 times on Day 3, with bids for 70.31 lakh shares against 57.06 lakh shares on offer.
PNGS Reva Diamond Jewellery share price makes a weak debut, opens with 2.85% discount at ₹375 on NSE
PNGS Reva Diamond Jewellery shares debuted weakly, opening at ₹375 on NSE and ₹372 on BSE, both below the issue price. The IPO was subscribed 1.23 times, with funds aimed at expanding store presence and marketing efforts.