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Firefly diamonds marks first anniversary with launch of new collection, website and national expansion plans

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Firefly Diamonds, one of India’s fastest-growing lab-grown diamond jewellery brands, is celebrating its first anniversary with a series of announcements. These include the launch of a new collection, the unveiling of its website, exclusive festive offers, and a roadmap for future expansion.

In just one year, Firefly has grown from its debut store in Mumbai to six boutiques across four cities including Mumbai, Pune, Bengaluru, and Hyderabad

The launch of fireflydiamonds.com represents a major milestone in the brand’s omnichannel journey. The platform brings Firefly’s premium in-store experience online, enabling customers across India to browse collections, personalize pieces, and shop from the comfort of their homes all while staying true to the brand’s hallmark of craftsmanship, sustainability, and modern luxury. 

“Our new website is more than just a digital storefront, it’s an extension of the Firefly experience,” said Adit Bhansali, Co-founder, Firefly Diamonds. “By blending high-touch service with cutting-edge technology, we’re making premium diamond jewellery accessible and enjoyable for a new generation of shoppers. From personalized designs to timeless pieces for engagements, weddings, and other cherished milestones, Firefly aims to be more than a jeweler, we aspire to be a trusted companion in life’s most meaningful moments.”

To mark its anniversary and the festive season, Firefly has introduced a bouquet of offers and services designed around customer delight. 

  • Firefly Studio – A ring design experience that allows customers to fully personalise their ring. This can be experienced in-store or online with 360-degree visuals and live pricing.
  • Firefly Concierge / Try at Home: Integrated with the new website, this service lets customers shortlist pieces online and experience them at home before purchasing. With expert styling support, it bridges the brand’s digital and in-store touchpoints, creating a true omnichannel experience
  • Firefly Family – The Firefly Family is a loyalty program with unique rewards and experiences, reserved exclusively for its most valued customers
  • Old Gold Exchange: Allows customers to bring in existing gold jewellery and convert it into Firefly store credit, with a generous top-up for added value

Announcing the launch of its new collection- All Ways You, the brand continues to honor its heritage techniques while embracing innovative design. The new collection redefines versatility in premium design, showcasing how a single piece of jewellery can be worn and utilized to suit every occasion. For example, a custom-engineered lock integrated into the design, transforms a ring into a pendant offering multiple styling possibilities. Designed for the contemporary woman, All Ways You, transforms how jewellery is worn, turning every piece into a statement of adaptability and style. 

Earlier this year, Firefly secured $3 million in funding from WestBridge Capital and others. This investment reinforces Firefly’s mission to democratize diamond ownership and build India’s most trusted lab-grown diamond brand. Looking ahead, the company plans to continue expanding its offline footprint across new cities while strengthening its digital presence in 2026 bringing its unique blend of luxury, sustainability, and innovation to more customers nationwide.

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National News

Gold & Precious Metals – A future outlook

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The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary-  IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.

Some salient points made by the panelists:

  • Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
  • Till the banking system doesn’t collapse, gold price will continue to rise
  • Jewellers were advised to use a mix of futures and options for risk mitigation
  • Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
  • Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.

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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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