National News
GJEPC & SIDBI bank host webinar on MSME financing opportunities
India’s Premier Jewelry Brand Opens Sixth U.S. Location in Cumming, Offering a Blend of Tradition and Contemporary Luxury
GJEPC, in partnership with the Small Industries Development Bank of India (SIDBI), successfully conducted a webinar on Micro, Small, and Medium Enterprises (MSME) Financing Opportunities, drawing over 160 participants from across the sector. Held on 10th March 2025, the event underscored the vital role of MSMEs in driving India’s economic growth and highlighted tailored financial solutions available to support their development. The session kicked off with an address by Mr. Jayanti Savaliya, Gujarat Regional Chairman, GJEPC, who highlighted the importance of MSMEs in India’s economic growth and GJEPC’s efforts to support them.
Mr. Naresh Babuta, General Manager of SIDBI Bank, delivered a comprehensive presentation on the array of financial schemes designed for MSMEs. He explained the eligibility criteria, benefits, and the operational support provided by SIDBI’s network of branches across Gujarat and India. Mr. Babuta’s insights shed light on how these schemes are driving MSME growth nationwide, offering practical solutions to common financing challenges.
National News
Divine Solitaires and Gahana Gems & Jewels Chart a Bold Growth Course For The Solitaire Category Across Gwalior, Guna, and Jhansi
Strategic Partnership Aims To Capture Over 40% Of The ₹105 Crore Regional Market Through Focused Assortment, Retail Visibility, And Consumer-Driven Growth Initiatives
In what is being seen as one of the most consequential retail alignments in the region this year, Divine Solitaires has come together with Gahana Gems & Jewels in a decisive partnership that is poised to transform how natural diamond solitaires are accessed, experienced, and purchased across Gwalior, Guna, and Jhansi.
Jignesh Mehta, MD & Founder, Divine Solitaires, recently sat down with Ajay Mangal, Owner, Gahana Gems & Jewels, and what emerged from that meeting was far more than pleasantries. The two arrived at a concrete, forward-looking business understanding with one shared ambition: to build the solitaire category into a significant, high-performing segment across all three cities where Gahana Gems & Jewels operates.
Two Leaders, One Clear Direction
Much like when business or political leaders convene and emerge with a shared agenda, the meeting between Jignesh Mehta and Ajay Mangal carried that same weight of intent. There was alignment on what needs to happen, how it will happen, and the commitment from both sides to make it happen. The outcome was a structured growth plan, covering inventory investment, assortment curation, in-store category focus, and a coordinated push on consumer awareness and outreach, all aimed at placing Gahana Gems & Jewels at the forefront of solitaire retail across this belt.
This is a three-city play. Gwalior, Guna, and Jhansi together represent a significant and largely underleveraged opportunity for natural diamond solitaires. The combined solitaire diamond jewellery market of Gwalior, Guna, and Jhansi is approximately INR 105 crores. The partners have jointly developed a detailed plan to capture more than 40% of this market share in the coming years. With Gahana Gems & Jewels now formally aligned with Divine Solitaires on a growth roadmap, that opportunity is no longer sitting idle.
What Has Been Agreed Upon
The partnership roadmap includes a sharper focus on solitaire assortment depth across key price points, greater in-store visibility and dedicated category space, and joint consumer marketing initiatives designed to build aspiration and drive footfall from buyers who are increasingly seeking certified, trusted natural diamond solitaires. Both parties have also committed to regular engagement to track progress, course-correct, and ensure that the solitaire segment receives the attention and investment it deserves at the retail level.
Jignesh Mehta, MD & Founder, Divine Solitaires, said:

“Ajay bhai and I had a very honest and productive conversation about where the solitaire category stands today in this region and where it can realistically go. What struck me was the clarity of thinking and the genuine intent to build something meaningful, not just to stock a product, but to own the category in these markets. We have walked away with a clear plan, and I have full confidence that Gahana Gems & Jewels will be a defining name for solitaires across Gwalior, Guna, and Jhansi in the months ahead.”
Ajay Mangal, Owner, Gahana Gems & Jewels, said:

“Partnering with Divine Solitaires is a decision rooted in long-term thinking. We see real, growing demand from our customers for natural diamond solitaires, and we now have the right partner, the right assortment strategy, and the right roadmap to meet that demand at scale. This alignment gives us a distinct edge, and we intend to build on it aggressively across all our markets.”
Divine Solitaires does not partner broadly; it partners purposefully. Across 200+ stores in 100+ cities, every collaboration is built on mutual commitment, category seriousness, and a shared vision for growth. Gahana Gems & Jewels has secured that partnership for Gwalior, Guna, and Jhansi, and with it, a first-mover advantage in markets where the solitaire consumer is ready and waiting.
For jewellers in these cities and beyond who are still on the sidelines, the landscape is quietly but unmistakably shifting. The retailers who are choosing to align with Divine Solitaires today are not just stocking diamonds; they are claiming category leadership. And in a market where trust, assortment, and brand association increasingly determine where the consumer walks in, that head start carries real commercial weight.
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