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How Divine Solitaires Restructured Strategy in FY’26 To Meet Growing Demand

By Jignesh Mehta, Founder and MD- Divine Solitaires

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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.

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Artisan Perspectives: Rethinking Craft In The Age Of Lab-Grown Stones

Prapanjj S K Kota
Founder & CEO at Réia Diamonds

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  • Traditionally, diamond value was driven by rarity, origin, and size, with craftsmanship playing a secondary role.
  • With the rise of lab-grown diamonds, abundance is shifting focus from rarity to design and craftsmanship.
  • Jewellery-making is returning to a craft-first approach, placing artisans at the core of value creation.
  • Skill, precision, and finishing quality are becoming primary differentiators.

The rarity of diamonds has historically dictated their market value, and most of the conversation surrounding a diamond’s value has revolved around where (and how rare) it came from, and how large it was. While craftsmanship has always been important, it has often remained secondary, simply supporting the diamond rather than receiving the buyer’s focus.

As lab-grown diamonds begin to enter the market in greater numbers, the conversation surrounding them is also changing. With an increasing supply of diamonds, being a differentiating factor in jewellery becomes much more about design, craftsmanship, and the quality of work than about rarity.

For artisans, this shift means that the focus of making jewellery has returned to the craft itself.

From a technical perspective, lab-grown diamonds do not affect the fundamentals of jewellery making. They will continue to have the same hardness, brilliance, and structural properties that natural diamonds do; therefore, using traditional setting techniques, including precision settings, pavé work, micro-setting, and polishing, will be just as essential. While the tools may be more modern, the knowledge to work with diamonds continues to be based on many years of training and experience.

The major change comes with the new opportunities presented by working with lab-created stones.

Designers are utilising the increased access to stones to try new layouts incorporating a greater focus on symmetry, scale and intricate detail. As jewellery changes, so does its craftsmanship. Today, with designs that involve numerous stones, layered settings, and modern silhouettes, artisans must have an intentional focus on the structural integrity and balance of the pieces being created, elevating their role more than ever before.

As we see craftsmanship play a supporting role to design when jewellery becomes design-centric, the specifics of how stones are aligned, how strong the setting is, and how well metal surfaces are finished will have an impact on how a piece looks, feels, and holds up over time; and therefore, they cannot be replicated with technology alone.

This change also highlights the importance of India’s historical craft traditions. Surat’s experience in the production of diamonds has established it as a leading force in the world of fine jewellery. This industry relies heavily on a team of talented craftsmen and manufacturing expertise, which plays a very important role in the overall development of jewellery that uses natural as well as lab-grown diamonds.

The introduction of lab-grown diamonds offers a fresh new direction for many artisans, as well as introducing something new into the world of fine jewellery. As it becomes less critical to know where a stone comes from, knowing the quality of the craftsmanship around a piece of jewellery will become increasingly essential. Design integrity, structural engineering, and finishing standards will all contribute to defining the real value of a finished piece.

Therefore, there is an opportunity for artisans; thoughtful design with precise execution requires a high level of technical proficiency. The better the craft, the more evident the difference is.

With the rise of lab-grown diamonds, the discussion about value will slowly evolve to include what has always been considered great jewellery: the skill, time, and craftsmanship it takes to create a piece of art from a design.

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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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