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Advent International Set to Acquire Controlling Stake in Orra Jewellery for Rs 1,750 Crore

US-based private equity firm Advent International is in advanced talks to acquire a controlling stake in Orra Fine Jewellery, a brand previously owned by India’s Rosy Blue Group, according to multiple sources familiar with the deal. The transaction, valued at Rs 1,500-1,750 crore (approximately $174-203 million), highlights the growing interest from investors in the jewellery retail sector.

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Advent is expected to take a 51-75% controlling stake, with Dipu Mehta, Orra’s managing director, retaining a minority share. The private equity firm plans to take Orra public within a few years, and as part of the deal, it will assume management and voting rights.

Orra, founded in 2004 by the Rosy Blue Group, sells diamond, gold, and platinum jewellery through a network of stores across India. With design centres in global cities like Antwerp, Tokyo, New York, and Hong Kong, the company has carved out a niche in the premium jewellery market. The deal is now in the final documentation stages, with an official announcement expected soon.

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Pandora Unveils $150 Million Mega-Factory In Vietnam

Dubbed The World’s Largest Fine-Jewelry Crafting Facility, The 7.5-Hectare Site Boasts Over 50,000 Square Meters Of Operational Space In The Vietnam-Singapore Industrial Park III.

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Pandora is officially expanding its manufacturing footprint beyond Thailand. The Danish jewelry giant has opened a $150 million, state-of-the-art production facility in Ho Chi Minh City, Viet Nam—a landmark move company leaders are calling “an important new chapter.”

Vietnam was selected for its rich jewellery-making heritage, highly skilled workforce, robust infrastructure, and welcoming business environment.

Here is a quick look at what this expansion means by the numbers:

  • World’s Largest: Dubbed the world’s largest fine-jewelry crafting facility, the 7.5-hectare site boasts over 50,000 square meters of operational space in the Vietnam-Singapore Industrial Park III.
  • Massive Output Boost: Once fully operational, the plant will produce up to 60 million pieces of jewelry per year, boosting Pandora’s overall manufacturing capacity by 50%. For context, Pandora sold 112 million pieces in 2025.
  • Global Footprint: As Pandora’s fourth factory, the site will eventually supply roughly one-third of its total global capacity, significantly mitigating the supply-chain risks of relying solely on Thai facilities.
  • Job Creation: The facility aims to hire 1,000 workers by the end of this year, eventually growing its workforce to 7,000 people.
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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