National News
Candere Founder Rupesh Jain Launches Lab-Grown Diamond jewelry Brand Lucira; Taps into Booming Industry Potential
The company plans aggressive two-year roadmap for phased omnichannel expansion
Rupesh Jain, the digital jewelry pioneer who built Candere into one of India’s most successful online fine jewelry platforms before its acquisition by Kalyan Jewellers, is returning to the spotlight with a bold new venture, Lucira. A modern lab-grown diamond jewelry brand, Lucira is built for today’s conscious, design-forward consumer and aims to transform the way people engage with fine jewelry.
Positioning itself as the unrivalled “Rings King,” Lucira focuses exclusively on celebrating proposals, weddings, anniversaries, and personal achievements with intentional design and ethical brilliance. Lucira is born out of a simple but powerful idea: that luxury can be meaningful, personal, and responsible. Inspired by the Latin word Lucent, meaning “to shine,” the brand represents purity, brilliance, and a commitment to illuminating life’s most cherished moments with jewelry that reflects values as much as beauty. Merging heritage craftsmanship with cutting-edge innovation, Lucira combines AI-led personalization, certified lab-grown diamonds, and a seamless digital-first experience to build trust and intimacy in an industry that has traditionally relied on opaqueness and excess.
The launch of Lucira comes at a time when lab-grown diamonds are reshaping the fine jewelry landscape, both in India and globally. These diamonds are physically, visually, and chemically identical to mined diamonds, offering the same brilliance and longevity—but at a significantly lower financial cost. Certified by IGI, GIA, SGL, and Hallmark, Lucira diamonds offer complete transparency and assurance of quality. Each piece is handcrafted by artisans who blend traditional techniques with contemporary elegance, creating jewelry that celebrates individuality and connection.
Currently available online with nationwide delivery, Lucira will soon debut its flagship experience stores in key metros, followed by an ambitious retail expansion across India and global markets. With a phased omnichannel growth strategy, the brand is poised to become India’s first global lab-grown diamond luxury house.

Rupesh Jain, Founder of Lucira said, “Our vision is to create a premium, design-led fine jewelry destination that begins online and extends into beautifully curated physical spaces. With AI-powered customization, virtual try-ons, and seamless e-commerce, we’re meeting customers where they are digitally native, value-conscious, and experience-driven. Our upcoming flagship stores will bring this vision to life, blending the ease of technology with the emotion of touch. As we expand across India and into global markets, our goal is simple: to make Lucira synonymous with modern luxury that’s personal, purposeful, and proudly Indian.”
Lucira is carving a niche in the fast-evolving bridal jewelry space, with a sharp focus on solitaires, bespoke engagement rings, eternity bands, and convertible pieces for everyday wear. The brand has introduced five exclusive signature cuts, each designed to maximize light, emotion, and brilliance. These aren’t just rings, they’re declarations of love, symbols of milestones, and heirlooms reimagined for a new generation.
Jain added, “Lucira is about elevating meaningful moments with timeless design and ethical brilliance. We’re not just shaping rings, we’re shaping what they represent in today’s world.
For Rupesh Jain, Lucira is more than a comeback, it’s a vision for the future of fine jewelry. One where innovation, ethics, and emotional resonance converge. India’s robust diamond manufacturing ecosystem and supportive government policies provide an ideal backdrop for Lucira’s ambitions. Jain believes India is uniquely positioned to become a major supplier and brand builder in the global LGD market, which has already seen strong demand in international markets as well.
National News
GJEPC Urges RBI To Ease Banking Norms To Boost GJ Exports
The GJEPC’s Proposals Focus Heavily On Optimizing Working Capital, Resolving Systemic Bottlenecks, and Updating Rules To Align With Modern Trading Realities
In a high-level meeting at the Reserve Bank of India (RBI) Central Office in Mumbai, the Gem & Jewellery Export Promotion Council (GJEPC) urged the central bank to ease banking norms and regulatory frameworks. Led by Executive Director Sabyasachi Ray and BITC Convener Mital Doshi, the GJEPC delegation met with RBI Governor Sanjay Malhotra and Deputy Governor Rohit Jain to present a comprehensive roadmap aimed at boosting India’s gem and jewellery exports, lowering transaction costs, and enhancing global competitiveness.
The GJEPC’s proposals focus heavily on optimizing working capital, resolving systemic bottlenecks, and updating rules to align with modern trading realities:
- Easing Import & Advance Remittances: To secure easier access to raw materials, the Council requested a calibrated relaxation allowing advance remittances of up to US$500,000 for gold imports from OECD- and LBMA-approved suppliers. They also requested permission for advance payments on critical manufacturing inputs like findings and mountings.
- Systemic and Digital Integration: Highlighting persistent operational issues within the IDPMS and EDPMS systems (specifically legacy entries affecting credit access), GJEPC proposed a deeper integration between RBI, DGFT, and Customs systems to eliminate delays.
- Support for MSMEs and Standardized Banking: The Council urged the RBI to mandate reasonable banking service charges for MSME exporters. Furthermore, they called for uniform implementation across Authorised Dealer (AD) Banks regarding the regularisation of low-value export shipping bills (up to Rs. 10 lakh) and the revised FEMA regulations.
- E-commerce and Returns Framework: To support the rapid rise of online jewellery retail, GJEPC requested clear, uniform guidelines for handling returned overseas goods and refunding export proceeds, especially for low-value items or items warehoused abroad.
- Extension of Realisation Periods: GJEPC advocated for restoring the export proceeds realisation period for Special Economic Zone (SEZ) units from 9 months back to 12 months. The Council noted that shorter timelines weaken India’s position against rival hubs like the UAE, Hong Kong, and Thailand, which accommodate the industry’s inherently longer credit cycles.
- Dual-Framework for Gold: A key proposal involves creating a clear regulatory distinction between domestic gold and export gold. GJEPC suggested that export-linked Gold Metal Loans operate under a separate framework to protect export production.
In response, RBI officials highlighted several ongoing and upcoming initiatives designed to facilitate smoother trade and improve credit flow:
Key RBI Takeaways:
- FEMA Overhaul: Revised FEMA (Export and Import of Goods and Services) Regulations are set to take effect on 1 October 2026.
- Trade Liberalization: Continued enhancements to EDPMS, liberalized norms for overseas warehouses, and the active promotion of INR trade settlements.
- MSME & Credit Support: Implementation of a revised interest subvention scheme, lower risk weights, and enhanced prudential norms to boost export credit availability while ensuring bank charges remain fair.
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