By Invitation
How Divine Solitaires Restructured Strategy in FY’26 To Meet Growing Demand
By Jignesh Mehta, Founder and MD- Divine Solitaires
The 2026 fiscal year has been a defining year for Divine Solitaires, a turning point of sorts that posed several challenges but also opened new opportunities. It was a year that kept us on our toes and pushed us out of our comfort zone to rethink our business strategies and align with shifts in the market as well as in consumer expectations.
High gold prices, market fluctuations, demand and supply gaps, as well as a growing category of young, informed millennials with large disposable incomes and new design orders, have all collectively contributed to the demand for natural diamond solitaire jewellery in India.
Here’s a glimpse of what we achieved at Divine Solitaires in 2025-26:
Shifts in consumer sentiment
A new generation of affluent, well-informed buyers is reshaping the diamond market. Younger consumers increasingly research certification, compare value, and prioritise long-term worth over short-lived trends. Their demand for authenticity, transparency, and trust has strengthened confidence in certified natural solitaires, encouraging retailers to deliver clearer value propositions and more credible, seamless purchase experiences.

Growth in numbers
For Divine Solitaires, FY 25–26 was a year of disciplined growth and sharper execution. We hope to close the financial year with nearly 30–35% growth over the previous year, driven by strong partner trust and sustained consumer confidence. We continue to add over 1,500 customers every month, with more than 35% being first-time diamond buyers, a clear indicator that the category is expanding beyond its traditional audience.
Focus on innovation
A significant contributor to this growth momentum has been our continued focus on innovation within the natural diamonds space. We introduced the Intense and Vivid Yellow Diamonds and also saw growing interest for fancy diamond shapes like an oval or a pear. We delved deeper into smaller diamond sizes in 0.04 to 0.09 carats, which helped us improve overall profitability by over 30% compared to previous years. Rather than extracting short-term gains, we chose to reinvest these earnings into brand building and expansion, strengthening the foundation for long-term growth.
Omni-channel expansion
Today, Divine Solitaires is present across 215 stores in 108 cities, operating through a Shop-in-Shop model with some of the most reputed jewellers in each market. This approach has not only allowed us to remain accessible to our consumers living in Tier II/III and beyond cities but also helped us focus and gain expertise in a consumer-facing category that is still evolving in India. While nearly 95% of our sales continue to come from offline channels, we strongly believe that every purchase today is influenced by omni-channel touch points, with a strong digital presence playing an equally decisive role in building trust before the final in-store decision.
From big to smaller milestone celebrations
The year 2025 saw a notable expansion in the role of natural diamond solitaires as celebratory purchases. While weddings and engagements remained important drivers, consumers increasingly began marking everyday life milestones such as anniversaries, the birth of a child, new home purchases, career achievements, and self-gifting with solitaire diamonds. This trend gained visibility during festive periods like Dhanteras and through platforms such as the Solitaire Festival of India, where solitaires were positioned as symbols of life moments rather than mere jewellery.
Looking ahead, the Rs.25,000 crore solitaire diamond jewellery market in India is the fastest-growing segment within the gems and jewellery industry. As a focused brand in this category, our ambition is to build scale responsibly and increase our market share through strategic planning and execution of strategies. The value of natural diamonds has endured because of what they represent — trust, permanence, and emotional value. Divine Solitaires remains committed to building a resilient, value-driven business that evolves with consumers and partners.
By Invitation
Mangalsutra Revival 2025–26: How India’s wedding boom is powering a new era of cultural jewellery
by Viraj Thadeshwar-CEO, Shringar House of Mangalsutra Ltd
A Historic Wedding Season Driving Jewellery Demand
India is entering one of the most robust wedding seasons in recent years, with a record number of auspicious dates and full-scale celebrations making a strong comeback. This renewed vibrancy is expected to fuel significant demand for bridal jewellery across the country.
Weddings continue to remain the single-largest consumption driver for gold and diamond jewellery in India, and 2025–26 is poised to be no different. Retailers are already reporting heightened customer interest and increased pre-bookings for bridal collections, signalling bullish sentiment for the months ahead.


The Mangalsutra: A Timeless Symbol Strengthened by Tradition
At the core of this surge lies the most meaningful and culturally significant ornament in Hindu marriage — the mangalsutra.
More than a piece of jewellery, it is a sacred symbol of marital commitment, emotional connection, and lifelong partnership.
For generations, the mangalsutra has been considered non-negotiable in a bride’s trousseau. Even as tastes evolve, this deep-rooted sentiment remains unchanged. Every bride, regardless of region or style preference, views the mangalsutra as the ultimate expression of tradition and identity.


Renewed Traction as Weddings Return to Full Scale
With weddings regaining their pre-pandemic scale, the mangalsutra category is witnessing a strong revival. Retailers across India are expecting double-digit growth this season, driven by cultural significance, modern design innovation, and the desire for multiple variations of this essential ornament.
At Shringar House of Mangalsutra Ltd, this trend is even more pronounced. The brand is witnessing record retailer inquiries nationwide, indicating a clear shift toward curated mangalsutra assortments.

Modern Brides Want More Than One Mangalsutra
A key evolution shaping demand is the changing mindset of young brides. Today’s bride is both rooted in tradition and expressive in personal style, balancing heritage with contemporary fashion sensibilities.
Brides are increasingly purchasing three distinct types of mangalsutras:
- Traditional / Heavy Pieces — for rituals and wedding ceremonies
- Lightweight Daily-Wear Designs — prioritising comfort and practicality
- Occasion-Wear / Diamond Mangalsutras — designed to complement modern outfits
Versatility has become a major purchasing driver, with brides seeking jewellery suitable for both ethnic and western wear. Personal identity and styling preferences now play a stronger role in design decisions, making multi-category buying behaviour a significant growth contributor.

The Rise of Lightweight & Diamond-Styled Mangalsutras
Design trends are evolving rapidly, with rising demand for:
Lightweight, Minimalist Mangalsutras
Perfect for daily wear, these designs deliver elegance without heaviness. They are especially popular among working women and younger brides who prioritise comfort, versatility, and subtle sophistication.
Diamond-Studded Mangalsutras
This segment has emerged as the fastest-growing category. With refined brilliance and contemporary appeal, diamond mangalsutras are becoming a trousseau essential for fashion-conscious brides.
At Shringar, the design philosophy focuses on preserving the emotional essence of the mangalsutra while integrating global aesthetics, fine craftsmanship, and modern versatility.
A Powerful Moment for the Mangalsutra Category
As India embraces full-scale weddings supported by strong consumer sentiment, the mangalsutra stands at the centre of this resurgence — not merely as jewellery, but as a living cultural legacy growing stronger with every generation.
The upcoming season presents a tremendous opportunity for both retailers and manufacturers. For Shringar House of Mangalsutra Ltd, it marks a moment to celebrate heritage, drive design innovation, and strengthen its commitment to serving the emotional and cultural heartbeat of Indian weddings.
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