DiamondBuzz
Revolutionizing Luxury: Rupesh Jain to launch Lab-Grown Diamond Collection Brand
Rupesh Jain, the founder of Candere by Kalyan Jewellers, is making a return to the jewellery industry with a new venture focused on lab-grown diamonds (LGDs). After successfully scaling Candere, an online jewellery brand he founded in 2013, Jain sold the company to Kalyan Jewellers in a phased acquisition, with the final stake transfer completed in 2024. Now, he is betting on LGDs as the next big shift in the luxury jewellery market, launching his new brand this April during Akshaya Tritiya.
Lab-grown diamonds have been gaining global traction, and in India, the category is still in its early stages but is witnessing significant momentum. Companies like Giva, Avira Diamonds, and Fiona Diamonds have entered the space. Last month, Priyanka Gill, seasoned entrepreneur and co-founder of Good Glamm Group, announced the launch of her lab-grown diamond venture, Coluxe.

Comparing the prices of LGDs with natural diamonds, Jain explained, “A natural diamond priced at Rs 100, an equivalent LGD costs just Rs 20-25, making high-quality solitaires accessible to a much larger consumer base.”
Highlighting the massive opportunity in the LGD segment, driven by Gen Z and millennial consumers, Jain said that he aims to position the new venture as a premium yet accessible brand. “We aim to offer product quality comparable to global luxury houses like Cartier and Tiffany, but at a more competitive price,” he commented.
The company will follow an online-first model before expanding into offline retail. The startup is currently bootstrapped, with Jain focusing on assembling a strong team, including senior hires for merchandising and a tech agency to drive digital expansion. Internationally, the demand for LGDs is already established, and Jain believes India is well-positioned to become a major supplier and brand builder in this space, thanks to government support, manufacturing ecosystem, and government backing.
DiamondBuzz
Akoirah By Augmont Celebrates The Sibling Bond With Laboratory-Grown Diamond Rakhis
Contemporary, Customisable Rakhis Blend Traditional Symbolism With Modern Fine Jewellery Sensibilities For A Meaningful Raksha Bandhan Gift.
This Raksha Bandhan, Akoirah by Augmont brings a contemporary expression to one of India’s most cherished celebrations with its new collection of laboratory-grown diamond rakhis, combining traditional symbolism with modern jewellery design. Created for the evolving Indian consumer who seeks meaningful and distinctive festive gifting, the collection transforms the traditional rakhi into a keepsake that goes beyond the occasion with customisable designs available in options such as initials, zodiac signs, and other personalised motifs tailored to individual style and preference.
The collection features an assortment of handcrafted designs incorporating meaningful motifs such as the evil eye, Swastika and Ik Onkar, alongside personalised initial-led designs. Each motif brings its own symbolism, representing protection, prosperity, faith and personal connection while laboratory-grown diamonds add a refined, contemporary touch to the traditional expression of siblinghood.
Designed across earthy and versatile colour palettes, the rakhis pair beaded elements in shades of black, brown and blue with diamond-studded motifs. From the understated elegance of a diamond initial rakhi to statement-making designs featuring the evil eye and spiritual symbols, the collection offers options that cater to different personalities and styles.
With this collection, Akoirah by Augmont seeks to elevate festive gifting by bringing fine jewellery sensibilities into a traditionally rooted celebration. The rakhis are designed not merely as festive accessories, but as meaningful pieces that can be cherished beyond Raksha Bandhan, reflecting the brand’s approach to making jewellery more personal, contemporary and relevant to everyday occasions.
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