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CaratLane Launches Treasure Chest Savings Plan on PhonePe for Millions

TATA’s CaratLane becomes the first jewellery brand to offer a dedicated savings scheme on PhonePe, merging digital convenience with premium craftsmanship.

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CaratLane – A TATA Product, India’s leading omnichannel jewellery brand, has announced the launch of its popular Treasure Chest jewellery savings plan on the PhonePe app. This milestone makes CaratLane the first Indian jewellery brand to offer a dedicated savings scheme on the platform, pioneering a new way for millions of users to plan their future purchases. The CaratLane Treasure Chest on PhonePe was available to users for enrolment starting 6th January 2026.

With CaratLane’s retail presence spanning stores across all 28 states and union territories, this integration unlocks access to the brand’s jewellery offerings for over 650 million PhonePe users across the country. Through the PhonePe app, users can now seamlessly enroll in the CaratLane Treasure Chest scheme and plan their jewellery purchases with greater flexibility and confidence.

Saumen Bhaumik, Managing Director, CaratLane, said: “Jewellery is often a planned purchase—especially the kind CaratLane is known for, designed for daily adornment across work, travel, and life’s many celebrations. Our partnership through Treasure Chest on PhonePe is enabling millions of customers to plan and save for the pieces they truly aspire to own, whether it’s a tennis bracelet or a stunning diamond ring. It empowers them to indulge in meaningful milestones, celebrate their wins, and make those special purchases seamlessly—online or in-store.”

Treasure Chest is CaratLane’s jewellery savings plan that allows customers to make monthly contributions over a fixed tenure – paying 9 instalments and getting the 10th one from CaratLane, giving them the 9 = 10 benefit – culminating in jewellery redemption with added benefits. By bringing the scheme onto PhonePe, CaratLane is enabling customers to begin their jewellery journey digitally, while retaining the option to redeem across its extensive physical store network or online.

With Dhanteras and the festive buying season remaining one of the most significant periods for jewellery purchases in India, the integration also encourages customers to register early and plan ahead for Dhanteras 2026, ensuring a more disciplined and rewarding approach to festive jewellery buying.

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DiamondBuzz

De Beers Group Launches “Heera Hai Aapke Liye” Program at IIJS Bharat Signature to Revolutionize Natural Diamond Accessibility in India

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De Beers Group, the world’s leading diamond company, marked a significant milestone in the Indian jewellery landscape with the official launch of the “Heera Hai Aapke Liye” program at IIJS Signature. The star-studded event featured actress Sonakshi Sinha, who joined Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, to unveil an initiative dedicated to making natural diamonds an integral part of daily life for the modern Indian consumer.

The “Heera Hai Aapke Liye” (Diamonds are for You) program is strategically designed to promote natural diamonds by raising awareness, boosting market visibility,and creating a seamless connection between retailers and consumers. With a focus on modern designs and attractive price points, the program also lets local retailers use De Beers Group campaigns as their own—second-piercing earrings, ‘Bestie’ bracelets, and ‘Intention’ pendants. It positions diamonds as a lifestyle choice for self-expression and daily wear.

Speaking at the launch, Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, detailed the evolution of the brand’s storytelling, stating, “De Beers Group has a rich legacy of creating iconic ritual campaigns that have shaped how the world perceives diamonds. With ‘Heera Hai Aapke Liye,’ program we are evolving that narrative for the Indian market to another level.

We are not just selling jewellery, we are making natural diamonds more accessible and desirable in India. Our goal is to empower retailers through INDRA (Indian Natural Diamond Retailer Alliance)  to ensure that every ‘First Diamond’ journey is as credible as it is beautiful.”

Kirit bhansali

Speaking on the occasion, Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), said, “IIJS has always been a powerful platform for shaping the future of India’s gem and jewellery industry, and the launch of ‘Heera Hai Aapke Liye’ at IIJS Signature reinforces that role. GJEPC is proud to partner with De Beers Group on the INDRA (Indian Natural Diamond Retailer Alliance) project, which is a critical step towards strengthening domestic demand for natural diamonds.

By empowering retailers, enhancing consumer confidence, and expanding access across metros and Tier 2 markets, this initiative aligns perfectly with our vision to grow the natural diamond category sustainably within India.”

The program ‘Heera Hai Aapke Liye’, rests on few strategic pillars aimed at industry growth and scalability:

  • Stocking & New Consumer Opportunity: Identifying gold wholesalers and distributors across 15–20 cities to focus on a first-phase target of 500 retailers.
  • Retailer Advantage: Providing a “Design Advantage” and strict “Product Hygiene,” backed by a clear buy-back policy and robust training and marketing support via the INDRA alliance.
  • Heera Hai Aapke Liye is robust entry-level product kit featuring earrings, bangles, bracelets, etc supported by exclusive visual merchandising (VM) for display.
  • Growth and Scalability: A PAN-India reach strategy designed to unlock new business opportunities for both manufacturers and retailers.

As India continues to grow as the world’s second-largest market for retail diamond jewellery, De Beers Group remains committed to strengthening the natural diamond narrative. By combining the emotional appeal of natural diamonds with the practical “Heera Hai Aapke Liye” framework, De Beers aims to build a sustainable future for the category across both metros and Tier 2 cities. De Beers and GJEPC aim to expand the base of Natural Diamond buyers, increase self-purchase consideration, and establish long-term credibility for the category.

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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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