JB Insights
Ashish Kacholia takes significant stake in Purple Jewels
Ace Indian Investor Ashish Kacholia has taken a significant stake in Purple Jewels Pvt Ltd, promoted by Nitesh Jain and headquartered in Bangalore. The funds infused will enable Purple Jewels to expand its product range and will help in growth of Purple Jewels
Purple Jewels is one of the most innovative manufacturers of gold temple jewellery, gold idols and artefacts, silver idols and pooja articles. With a strong client base like Titan, GRT, Kalyan Jewellers, JoyAlukkas, Malabar Gold and Diamonds, PNG Jewellers and other corporates, Purple Jewels has a great reach in the jewellery stores across India. Purple Jewels is also exporting its products to America and Middle East.
The funds infused will enable Purple Jewels to expand its product range and will help Purple Jewels to post a revenue of Rs 1000 cr with an EBIDTA of Rs 100 cr.
Purple’s first round was led by Maneesh Parmar and the round by Ashish Kacholia was facilitated by Maneesh Parmar with able advisory services by Trans Corporate Advisory, a boutique investment firm in Chennai. Purple Jewels seeks to list by the second half of FY27.

Commenting on this funding, Nitesh Jain, MD, Purple Jewels Pvt Ltd said, “It’s a great moment in our journey. To have Mr Ashish Kacholia invest in Purple is a great acknowledgment that we are on the right track. As an industry it’s a great time ahead of us. We need to organize, unite and disrupt with innovation and service.”
JB Insights
Puneet Gupta Explores A New Luxury Landscape Where Jewellery and Accessories Transcend Adornment To Become Collectible Objects Of Craftsmanship, Individuality and Storytelling
PUNEET GUPTA | PUNEET GUPTA CRAFTED FINE GOODS
THE NEW LANGUAGE OF LUXURY
Luxury is moving beyond the idea of an accessory being simply beautiful, precious or recognisable. We are increasingly entering a space where jewellery and accessories are being viewed as art objects in their own right—pieces that have a strong point of view, a sense of craftsmanship and, most importantly, a story to tell.



At Puneet Gupta Crafted Fine Goods, this is a space that interests me deeply. With our demi-fine jewellery, we approach a ring, cuff, pendant or pair of earrings almost as a miniature sculpture. The intention is not merely to adorn the wearer, but to create an object with enough character to become part of their personal collection.
“The intention is not merely to adorn the wearer, but to create an object with enough character to become part of their personal collection.”




Our fascination with archaeology, natural forms, Indian craft traditions and aged textures allows us to create pieces that feel as though they have been discovered rather than simply manufactured.
FROM CONSUMER TO COLLECTOR
I think this is particularly relevant to the new generation of luxury consumers. They are becoming less interested in buying something simply because it is expensive and more interested in why it exists—what inspired it, who made it, what material it uses and what makes it different. There is a growing appetite for pieces with individuality rather than obvious uniformity.
This movement extends beautifully into accessories beyond conventional jewellery. Sculptural metal bags, statement brooches and embellished wearable objects are increasingly occupying the space between fashion and art.
A metal bag, for instance, can function as an accessory but also as a small piece of industrial sculpture. A brooch can become a personal emblem rather than merely an embellishment pinned to a garment.
These objects invite a different kind of relationship with the wearer—they can be collected, styled, displayed and eventually passed on.
INDIAN CRAFTSMANSHIP, REIMAGINED
I also believe that Indian craftsmanship has an important role to play in this evolution. Our artisans possess centuries of knowledge around metalwork, embroidery, carving, surface treatment and ornamentation.
The opportunity today is not to reproduce traditional objects, but to take that knowledge and reinterpret it through a contemporary design language.
“The opportunity today is not to reproduce traditional objects, but to take that knowledge and reinterpret it through a contemporary design language.”
WHEN VALUE BECOMES EMOTIONAL
Perhaps the most interesting shift is that value is becoming more emotional and intellectual. A piece does not have to be made entirely of precious materials to feel luxurious. It can derive its value from the originality of its design, the hand that made it, the story behind it and the fact that it feels unlike anything else.
The future of luxury, therefore, may belong to the conscious collector—someone who buys fewer accessories but chooses pieces that have a life beyond a single season.
Jewellery, bags and brooches become more than things we wear. They become objects we discover, live with and eventually leave behind.
The next chapter of luxury may not be about owning more—it may be about owning pieces that mean more.
As consumers seek authenticity, craftsmanship and individuality, the line between jewellery, fashion and art is becoming increasingly fluid. The emerging luxury collector is not simply buying an accessory; they are acquiring an object with a story, a point of view and the potential to outlive a trend.
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