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
MCX Gold Futures Slip On Surging U.S. Dollar and Escalating Global Inflation Fears
The Downward Pressure Stems From A Potent Mix Of Geopolitics and Monetary Policy
MCX Gold futures slipped in domestic trading Friday morning as a surging U.S. dollar and escalating global inflation fears dampened appetite for the precious metal, setting bullion up for its second consecutive weekly loss. MCX gold futures for June delivery fell 0.25% to Rs. 1,59,202 per 10 grams in early deals. Silver futures for July delivery also felt the pressure, dropping 0.43% to Rs. 2,73,690 per kilogram.
The downward pressure stems from a potent mix of geopolitics and monetary policy. The two-month-old conflict between the U.S. and Iran has sent crude oil prices soaring—Brent crude jumped another 2% Friday following reports that Iran’s supreme leader rejected exporting the country’s uranium stockpile.
While geopolitical friction typically drives investors to safe-haven assets like gold, this energy spike has instead stoked fears of a persistent inflation flare-up. Investors are increasingly betting that central banks, including the U.S. Federal Reserve and the Reserve Bank of India, will respond with interest rate hikes later this year to cool the economy. According to CME Group’s FedWatch tool, traders are now pricing in a 60% chance of a Fed rate hike by December.
Because gold yields no interest, its appeal diminishes when yields and interest rates rise.
Compounding the pressure, the U.S. dollar hovered near a six-week high on Friday. A stronger greenback makes dollar-denominated commodities more expensive for international buyers, capping gold’s recovery attempts. The market is also closely watching Washington, where Kevin Warsh is scheduled to be sworn in as the new Federal Reserve Chairman today.
Despite the immediate pullback, some analysts view the decline as a temporary consolidation after a massive broader rally.
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