Shringar House of Mangalsutra Limited, India’s most trusted and respected name in mangalsutra manufacturing, proudly announces the opening of its first-ever North India branch office in Delhi, a strategic move designed to better serve the region’s thriving retail and wholesale jewellery community.

Situated at a prime location — Office No. 301/302, Building No. 1149, Kucha Mahajani, Chandni Chowk — the new branch lies right at the entrance of the historic gold jewellery market, making it easier than ever for North Indian partners to experience Shringar’s hallmark craftsmanship, service, and wide-ranging collections, all under one roof.

The grand inauguration ceremony was attended by prominent figures from the jewellery industry, retail partners, and esteemed clients. This launch is more than a milestone—it is a message to the industry: Shringar is now closer, faster, and more accessible to its partners in North India.

Chetan Thadeshwar, Chairman & MD, shared his thoughts on this new chapter: “Opening our Delhi branch is more than just an expansion—it’s a reflection of our dedication to bringing the finest craftsmanship, contemporary designs, and unmatched reliability closer to our partners in North India. This milestone is part of our long-term vision to build a strong pan-India network that supports retailers, wholesalers, and the growing demand for organized mangalsutra retailing.”

Viraj Thadeshwar, CEO, added: “Our North Indian retailers and wholesalers have been vital to our journey, and this move is dedicated to them. Being here in Delhi allows us to respond faster to market needs, offer region-specific collections, and strengthen our commitment to service excellence. We’re not just expanding—we’re evolving to serve our partners better, with a clear goal to be their most dependable mangalsutra partner.”

With decades of experience and state-of-the-art gold jewellery manufacturing, Shringar House of Mangalsutra Limited has built a strong reputation over the years for its unmatched quality, innovative designs, and organized business practices, serving thousands of jewellers across the country. Shringar continues to lead the Indian jewellery market in mangalsutra category with precision and passion. Their Delhi office expansion is set to serve as a vibrant hub for new launches, live previews, order assistance, and collaborative growth.

India’s overall gems and jewellery exports dropped by 15.81% to $2,263.42 million (₹19,260.81 crore) in May 2025, compared to $2,688.38 million (₹22,414.02 crore) during the same month in 2024, as per the latest data released by the Gems and Jewellery Export Promotion Council (GJEPC).

According to GJEPC, the decline was largely due to the tariff announcements by the United States, which significantly impacted outbound shipments. Among the segments, exports of cut and polished diamonds experienced a sharp fall of 35.49%, standing at $949.70 million (₹8,089.81 crore) in May 2025, down from $1,472.08 million (₹12,272.03 crore) in the corresponding period last year.

Similarly, exports of polished lab-grown diamonds saw a decline of 32.7%, falling to $80.90 million (₹689.71 crore) from $120.32 million (₹1,003.06 crore) recorded in May 2024.

On a positive note, gold jewellery exports witnessed a significant rise of 17.24% to $997.50 million (₹8,482.61 crore), compared to $850.81 million (₹7,094.52 crore) during the same period in the previous year. This growth is attributed to rising global demand for gold amid ongoing geopolitical tensions in the Middle East.

Meanwhile, gross silver jewellery exports during April–May dropped by 17.59% to $150.08 million (₹1,281.92 crore), down from $182.11 million (₹1,518.69 crore) in the same period last year. Coloured gemstone exports also saw a minor dip of 1.13%, totalling $62.51 million (₹533.08 crore) compared to $63.22 million (₹527.36 crore) during April–May 2024.

GJEPC Chairman Kirit Bhansali stated, “The overall exports continue to decline and in May the dip was 15.81% mainly due to the tariffs announcement by the US. However, gold jewellery exports have gone up due to the continuing geopolitical tensions in the Middle East, which has increased the demand for the precious metal as a safe haven.”

Senco Gold Limited, a leading pan-India jewellery retailer with a legacy of more than 85 years and the largest jewellery retail player in Eastern India with 175+showrooms, announced of achieving the historic milestone where in the first-ever hand carriage export from Kolkata International Airport was successfully carried out in the early hours of June 16th, 2025 to grow the export from kolkata, marking a major step forward in enhancing ease of doing business and bolstering India’s role as a global gems and jewellery hub, through the coordinated efforts of Customs authorities, GJEPC, AAI Cargo Logistics and Allied Services Company Ltd. (AAICLAS), and BVC Logistics. The initiative was supported under the leadership of Shivaji H. Dange, IRS, Principal Commissioner of Customs, Kolkata, and  Pankaj Parekh, Regional Chairman (Eastern Region), GJEPC.

This maiden export consignment was hand carried as personal baggage by Suvankar Sen –MD & CEO, Senco Gold Limitedwhile travelling to Milan, Italy for an exhibition along with Joita Sen –Director & Head of Marketing & Design, Senco Gold Limited.

Commenting on this auspicious occasion,  Suvankar Sen MD & CEO, Senco Gold Limited, said, “Senco Gold Limited is proud to be part of the historical initiative by Kolkata customs and GJEPC Kolkata to start hand carry of jewellery from Kolkata. It will boost exports from Kolkata in a big way.”

Commenting on the same Pankaj Parekh, Chairman, Eastern Region said, “I am delighted to see my dream take concrete shape. This achievement owes itself to the visionary guidance of the Principal Commissioner of Customs, S.H.Dange, IRS and the able execution by Joint Commissioners of Customs, A. Bhardwaj, IRS and S. Mondal, IRS. The tireless efforts of Mr. S. Roy, IRS, DC Customs, Kolkata were equally pivotal. I am deeply grateful to each of them for their unwavering commitment.