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
Govt Extends Compliance Timelines for Gems & Jewellery Sector by 30 Days
Re-Export Timelines Extended and Procedural Relaxations Introduced To Support Exporters Facing Geopolitical Challenges
In response to geopolitical disruptions impacting global trade and logistics, the government has announced a one-time procedural relaxation for the gems & jewellery sector.
The re-export period for imported diamonds sent for certification/grading has been extended to 120 days from 90 days. Additionally, the timeline for re-import of gems and jewellery exported for overseas exhibitions has been increased by 30 days beyond the existing limit.
The export period for Foreign Buyer supplies has also been extended to 120 days, according to the Directorate General of Foreign Trade. Further, timelines under replenishment, outright purchase, and loan basis exports have been enhanced.
These measures aim to ease compliance requirements, reduce procedural stress, and ensure smoother export transactions amid delays caused by the ongoing West Asia conflict.
Importantly, exporters will not be required to file separate applications, nor pay any amendment or composition fees to avail this relief. Customs authorities have been directed to facilitate transactions subject to verification, ensuring business continuity and greater certainty for trade.

In response to geopolitical tensions in West Asia, the Directorate General of Foreign Trade (DGFT) has introduced facilitative provisions under HBP-2023, extending export and import timelines for the gems and jewellery sector by 30 days without requiring any fees or applications.
Key changes include extending the re-export period for diamonds sent for certification/grading from 90 to 120 days, along with similar relief for exports involving precious metals supplied by foreign buyers. Timelines have also been eased for the re-import of jewellery from overseas exhibitions and exports under replenishment, outright purchase, and loan schemes.
The one-time relaxation aims to ensure smooth transaction completion, reduce logistical disruptions, and maintain continuity in trade flows. Exporters can avail of the extension without filing fresh applications or paying additional charges, while customs authorities will process transactions after necessary verification.
Industry stakeholders attribute the disruptions to recent geopolitical tensions, including the US-Israel attack on Iran, which has impacted air and sea routes across the Middle East.
Welcoming the move, former Gems and Jewellery Export Promotion Council (GJEPC) chairman Colin Shah said the extension offers timely relief to exporters facing shipment challenges, expressing hope for improved conditions soon.
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