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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

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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.

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Reva Diamonds by PNGS Records 2.51x Revenue Growth, This Gudi Padwa, Signalling Strong Consumer Confidence in Fine Jewellery

The brand sees record-breaking festive sales, reinforcing the buoyancy of India’s organised jewellery retail sector

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Reva Diamonds by PNGS, the certified natural diamond jewellery brand from the house of P.N. Gadgil & Sons, has recorded a 2.51x year-on-year surge in revenue this Gudi Padwa — its strongest festive performance since inception. The brand clocked revenue of Rs.7.30 crore on Gudi Padwa FY 2025-26, against Rs.2.08 crore on the same occasion in FY 2024-25. The milestone comes on the heels of the brand’s Rs.380 crore IPO on BSE and NSE and the inauguration of its new exclusive showroom in Kothrud, Pune, and underscores the growing appetite among Indian consumers for accessible, certified, and design-forward diamond jewellery.

Gudi Padwa, one of Maharashtra’s most auspicious occasions for new beginnings and significant purchases, has traditionally been a strong period for jewellery retail. This year, Reva Diamonds by PNGS saw a dramatic acceleration in consumer interest, with revenues rising from Rs.2.08 crore in FY 2024-25 to Rs.7.30 crore in FY 2025-26 on Gudi Padwa — a 2.51x jump that signals certified natural diamond jewellery is no longer a consideration only for high-end buyers, but a mainstream aspiration for Indian households.

The performance is even more meaningful when viewed against Reva’s current footprint: the brand operates 2 exclusive branded showrooms (EBOs) and 34 Shop-in-Shop (SIS) outlets across 25 cities in Maharashtra, Gujarat, and Karnataka. The Gudi Padwa numbers reflect the strength of this multi-format presence — and signal that both the exclusive showroom experience and the accessibility of the SIS format are resonating strongly with consumers.

The numbers are particularly encouraging given the broader context: while premium and luxury categories have seen selective consumer spending, fine jewellery — especially when backed by trust, transparency, and a heritage brand — has emerged as a resilient and aspirational choice. Reva’s certification-first philosophy and its mass-premium pricing, starting at Ra.20,000, have clearly struck a chord.

Aditya Modak

Aditya Modak, Non-Executive Director, Reva Diamonds by PNGS, said,“A 2.51x growth in revenue this Gudi Padwa — from Rs.2.08 crore last year to Rs.7.30 crore this year — is not just a number we are proud of. It is a reflection of how meaningfully the market has shifted. Consumers today are informed, they care about provenance, and they want jewellery that is both beautiful and responsibly sourced. Reva was built for exactly this consumer.

This performance tells us we are on the right path, and it gives us tremendous confidence as we continue to expand our footprint and deepen our connection with buyers across Maharashtra and beyond.”

For jewellers across the organised sector, the Gudi Padwa numbers offer a welcome and instructive data point. Consumer sentiment towards fine jewellery remains strong, and brands that combine legacy credibility with modern product innovation are seeing disproportionate returns. Reva Diamonds by PNGS, with its PNGS heritage spanning over 190 years, its certified natural diamond portfolio across 13 distinct collections, and its sharp design language, is well-positioned to continue riding this momentum through the year.

With its Kothrud showroom now fully operational, 34 SIS outlets active across 25 cities, and additional expansion earmarked from IPO proceeds, the brand enters the next quarter with both the intent and infrastructure to match growing consumer demand.

Source: Reva Diamond by PNGS

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