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, Silver Futures For August Delivery Rise On Renewed Geopolitical Tensions
For Precious Metals Investors, The Immediate Focus Remains On Developments In The Middle East, Where Any Escalation Capable Of Driving Oil Prices Higher Could Reinforce Gold’s Appeal As A Hedge Against Inflation and Geopolitical Uncertainty.
Gold prices climbed sharply on Tuesday as investors sought the safety of precious metals amid renewed geopolitical tensions in the Middle East, with concerns that higher energy prices could rekindle inflationary pressures. On the Multi Commodity Exchange of India (MCX), gold futures for August delivery rose 0.57% to Rs 1,42,150 per 10 grams in early trade. Silver outperformed, with the September contract gaining 1.04% to Rs 2,20,668 per kilogram.
The rally mirrored moves in international markets, where bullion rebounded as investors stepped in to buy on price weakness while closely tracking the escalating confrontation between the United States and Iran. Traders are increasingly focused on whether renewed military action could disrupt energy markets, lifting crude oil prices and complicating the global inflation outlook.
Spot gold traded near the $4,000-an-ounce mark after slipping 0.2% in the previous session, according to Bloomberg data. The recovery reflected a renewed preference for safe-haven assets as geopolitical risks intensified.
Oil prices, however, edged lower after two consecutive sessions of gains, even as U.S. forces carried out a fresh wave of strikes on Iranian targets. The pullback in crude suggests markets are still weighing the likelihood of any sustained disruption to global energy supplies.
For precious metals investors, the immediate focus remains on developments in the Middle East, where any escalation capable of driving oil prices higher could reinforce gold’s appeal as a hedge against inflation and geopolitical uncertainty.
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