National News
Bluestone Jewellery shares rebounds 6.6% after listing at 2% discount on both NSE, BSE
Bluestone Jewellery made a muted stock market debut, listing nearly 2% below its IPO price of ₹517 but rebounding to an intraday high of ₹544 on NSE. The ₹1,540.65 crore IPO was subscribed 2.7 times, led by strong QIB demand. Proceeds will support working capital and corporate needs as Bluestone, with 275 stores across India, continues to expand its retail footprint.
Bluestone Jewellery IPO made its stock market debut today with a subdued listing on both BSE and NSE. Against the IPO price of Rs. 517 per share, Bluestone shares opened at Rs. 508.80 on BSE and Rs. 510 on NSE, with a nearly 2% discount. However, after the weak opening, Bluestone shares quickly recovered, hitting an intraday high of Rs. 544 on NSE, rising sharply 6.6% from the listing price.
The Bluestone Jewellery IPO, worth Rs. 1,540.65 crore, consisted of a fresh issue of Rs. 820 crore and an offer for sale (OFS) of Rs. 720.65 crore. The IPO received an overall subscription of 2.7 times. The Qualified Institutional Buyers (QIBs) segment was the strongest, with demand 4.28 times higher than the reserved quota. Retail investors showed moderate interest at 1.35 times subscription, while Non-Institutional Investors (NIIs) subscribed only 0.55 times for their allotted shares.
Proceeds from the fresh issue will be used to fund its working capital requirements and general corporate purposes.
The Bengaluru-based company introduced its ‘BlueStone’ brand in 2011 and has since grown into a leading name among jewellery retailers in the country.It has a network of 275 stores across 117 cities in 26 states and Union Territories, covering over 12,600 PIN codes across India as of March 31, 2025. The company operates three manufacturing facilities in Mumbai, Jaipur, and Surat.
National News
Cosmos Diamonds Makes History With World’s First LGD Jewellery Launched Into Space
The Launch Also Reinforces India’s Emergence As A Global Innovation Hub Where Startups From Diverse Sectors Are Forging Unconventional Partnerships.
In a landmark moment where luxury, science and space exploration converged, Sanjana Tripuramallu, founder of Bengaluru-based Cosmos Diamonds, has achieved a global first by collaborating with private space company Skyroot Aerospace to send Cosmos Bloom, the world’s first lab-grown diamond (LGD) jewellery creation into space aboard the Vikram-1 rocket.
The Cosmos Bloom Diamond is handcrafted in 18 kt gold using 32 pear-cut LGDs arranged in the form of a blooming lotus and mounted on a specially engineered aluminium base plate. It is designed to withstand the extreme conditions of launch and spaceflight. The space-bound jewel is valued at Rs 11 lakh and combines Indian craftsmanship, technology, and innovation.
Sanjana Tripuramallu, Founder- Cosmos Diamonds
The launch also reinforces India’s emergence as a global innovation hub where startups from diverse sectors are forging unconventional partnerships. While Skyroot Aerospace showcased the country’s private launch capabilities through Vikram-1, Cosmos Diamonds used the mission to tell a powerful story of Indian design and scientific ambition on an international stage. With the successful launch of the world’s first lab-grown diamond jewel into orbit, Sanjana Tripuramallu and Cosmos Diamonds have etched their names into both jewellery and space history, demonstrating that the future of luxury may well extend beyond Earth itself.
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