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Appointment

CaratLane Appoints Jigar Vyas as Chief Financial Officer

Seasoned finance leader to steer financial strategy and support CaratLane’s next phase of omni-channel growth

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CaratLane – A Tata Product, India’s leading omni-channel jewellery brand, has announced the appointment of Jigar Vyas as its Chief Financial Officer (CFO). In this role, Jigar will lead the company’s finance function and support CaratLane’s next phase of growth as it continues to expand its omni-channel footprint across India.

Jigar brings over 16 years of experience across business finance, commercial strategy, and large-scale operations, having worked with complex, consumer-facing organisations across both large conglomerates and high-growth startups. Prior to joining CaratLane, he held senior leadership roles at ITC Ltd, Nielsen, and SUGAR Cosmetics, where he managed large teams and diverse market portfolios.

Speaking on his appointment, Jigar Vyas, Chief Financial Officer, CaratLane, said, “CaratLane has built a strong, trusted brand by combining innovation with customer-centricity. I look forward to working closely with the leadership team to strengthen financial foundations, enable disciplined growth, and support the brand’s long-term value creation as it continues to scale.”

At CaratLane, Jigar will be responsible for driving financial strategy, strengthening governance and internal control frameworks, and ensuring capital efficiency as the brand scales. He will work closely with the leadership team to align financial decision-making with long-term business objectives, while balancing growth ambitions with financial discipline and transparency.

Across his career, Jigar has been closely involved in sales finance operations, financial planning and analysis, capital raising, and cost optimisation, while also strengthening governance mechanisms and improving cost efficiencies. His experience spans working across scale, complexity, and fast-paced environments, giving him a balanced perspective on managing growth with discipline. Known for his structured approach to leadership, Jigar brings a strong emphasis on data-driven decision-making, cross-functional collaboration, and execution excellence, enabling organisations to navigate scale while maintaining financial clarity and control


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Appointment

Mehul Shah Elected President World Federation Of Diamond Bourses (WFDB)

Bharat Diamond Bourse Leader Takes The Helm Of The Global Diamond Federation, Marking A Significant Milestone For India’s Natural Diamond Industry.

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Mehul Shah, Vice President of Bharat Diamond Bourse (BDB), has been elected President of the World Federation of Diamond Bourses (WFDB). The election took place on Monday, July 12, during the ongoing World Diamond Congress which is currently underway in Singapore. Leaders of the 20 global diamond bourses attending the Congress voted to elect the new office bearers.

Luigi Cosma, President of Borsa Diamanti d’Italia, was elected Vice President of WFDB and Molefi Letsiki, Chairman of the Diamond Dealers Club of South Africa, was elected Treasurer General of WFDB. They have supported his vision for the Federation.

The election of Mehul Shah is an important milestone for the Indian diamond industry and opens a new chapter for the country to play a key role in taking the global diamond industry forward.

Thanking the delegates and Presidents of global diamond bourses, Mehul Shah said:

“I am humbled by this appointment and proud to have represented India and Bharat Diamond Bourse on an international stage. This new responsibility given to me is rooted in my journey of four decades of commitment to the natural diamond industry. He also added, “As the delegates to the Congress deliberate over the way forward in a challenging global market, I am confident that the discussions in Singapore will lead to meaningful outcomes. The new leadership team at WFDB is committed to taking forward the vision of the Congress and building a stronger future for the industry.”

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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