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India’s Jewellers Reaffirm Commitment to Natural Diamonds as Lab-Grown Hype Grows Abroad

As lab-grown diamonds (LGDs) gain popularity in global markets, particularly the U.S., India’s leading jewellers are doubling down on their commitment to natural diamonds—citing strong cultural preferences, authenticity concerns, and market dynamics.

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Tanishq, India’s largest jewellery retailer, has launched “Diamond Expertise Centres” in select stores to educate and reassure customers about the authenticity of natural diamonds. These centres, featuring gemmological tools and expert consultations, will expand to 200 stores this fiscal year, with a long-term goal of reaching 500.

Global diamond giant De Beers, through its natural diamond brand Forevermark, is also betting big on India. It has identified the country as a key growth market, with plans to open 100 exclusive stores by 2030 and target annual revenues of $100 million.

While lab-grown diamonds have gained considerable ground in the U.S.—where they now represent over one-third of diamond sales by value—their presence in India remains minimal. Experts attribute this to cultural preferences: Indian consumers tend to prioritize authenticity and quality over carat size or affordability.

“The most common question our customers ask is: ‘Are your diamonds natural?’” said the CEO of Tanishq in a recent media interview, underlining the persistent consumer focus on genuine stones.

Price volatility in the LGD segment is another deterrent for Indian jewellers. CaratLane’s CEO told the media in an interview: “We are not going to get into LGD, that’s very clear. At the falling rate of LGDs, making money would be very difficult for anybody who is venturing into it.”

Instead, retailers are seeing growing traction in the mini solitaire segment—natural diamonds between 0.2 and 0.7 carats. CaratLane reported this category as its fastest-growing, especially among younger, first-time buyers looking for accessible luxury.

This trend mirrors India’s broader jewellery preferences. While U.S. consumers often choose 10- to 14-karat gold, Indian buyers typically favour purer 18- to 22-karat gold—valuing long-term worth and cultural significance.

As the global diamond landscape evolves, India’s jewellers are standing firm: promoting natural diamonds as symbols of trust, tradition, and timeless elegance—tailored to a new generation of discerning buyers.

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Senco Gold & Diamonds Partners With Olocker to Give Customers Free Jewellery Insurance, Letting Precious Memories Be Worn, Not Hidden Away

A Customer-First Initiative Designed to Help People Wear Their Precious Memories with Confidence.

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Senco Gold & Diamonds, one of India’s most trusted jewellery houses, has partnered with Olocker, India’s first dedicated jewellery insurance platform, to offer free jewellery insurance to its customers, protecting purchases against risks such as snatching, robbery, and housebreaking.

On the surface, it’s a simple value-add: buy jewellery from Senco, get it insured, at no extra cost. But the thinking behind it is more personal — the freedom to actually live with the things you love. 

There is a quiet ritual that plays out in homes across India every wedding season, every anniversary. A piece of jewellery is bought with love, worn once or twice with pride — and then, almost apologetically, tucked away in a bank locker for “safekeeping.” The very thing meant to be cherished ends up spending most of its life in the dark.

A Locker Is No Place for a Memory

Ask any family that owns fine jewellery, and you’ll hear the same quiet anxiety: the fear of stepping out wearing something precious, the fear of a break-in while the house is empty. For many, the solution has always been the same — lock it away, take it out only for weddings and festivals, and let it sit untouched the rest of the year.

It’s a practical response to a real risk, but it also means jewellery bought to mark a marriage or a milestone ends up being seen far less than it deserves.

This is the exact problem Senco Gold & Diamonds’ Managing Director, Suvankar Sen,

has spoken about wanting to solve. Known for a customer-first philosophy that goes beyond transactions, Sen has often said jewellery should be something people live with, not something they merely own. “Jewellery is never just metal and stone,” Sen said, explaining the thinking behind the Olocker partnership. “It’s a wedding day, a mother’s blessing, a promise kept. When customers can’t step out wearing it, or can’t leave home without worrying about a break-in, something is broken in that experience. We wanted to fix that.” 

That sentiment is the quiet engine behind this initiative. Rather than simply selling jewellery and stepping back, Senco has chosen to walk the extra mile — ensuring that once a customer takes a piece home, they can wear it freely and pass it down through generations, without the constant undercurrent of worry. 

What the Partnership Actually Offers

Through this collaboration, Senco customers receive free jewellery insurance via Olocker on qualifying purchases, protecting against snatching, robbery, and housebreaking.

Olocker, India’s first digital platform dedicated to jewellery insurance and asset tracking, brings the technical and insurance backbone — while Senco brings its decades of trust, built since 1938, to make sure customers actually use it. 

For a family that has just bought a piece for a wedding, this means peace of mind — wearing that necklace to a dinner without the nagging thought of “what if someone snatches it,” or “what if someone breaks in while we’re away.” 

A Partnership Built on Shared Intent

The excitement isn’t one-sided. At Olocker, the partnership is seen as validation of the idea the platform was built on — that jewellery insurance should be a natural, everyday companion to ownership, not a niche afterthought.

“This is genuinely one of the most exciting collaborations we’ve been part of,” said Milind Shethia, Founder & Chief Marketing Officer at Olocker. “Our mission has been to help people wear their jewellery instead of locking it away, and partnering with a name as trusted as Senco brings that mission to millions of customers at once.

What’s heartening is Mr. Sen’s own approach — he didn’t look at it as a marketing tie-up, but as giving something back to people who’ve trusted Senco for generations. That kind of intent is rare, and it’s exactly the spirit we built Olocker around.” 

That mutual sense of purpose is what gives this partnership its quiet credibility. It isn’t a scheme or a promotional hook, but two organisations agreeing on a simple, shared belief: jewellery should be lived in, not locked up. 

A Bigger Idea About Ownership

There is a broader philosophy at play, one Suvankar Sen has championed throughout his tenure at Senco — that jewellery is an emotional asset as much as a financial one, and customers shouldn’t have to choose between enjoying it and protecting it.

This partnership feels less like a marketing initiative and more like a promise kept, reflecting a leadership style that measures success in something harder to quantify — how cared for a customer feels long after leaving the showroom. 

As jewellery increasingly doubles as adornment and investment, initiatives like this one may well set a new benchmark for customer care in the industry.

Senco, through its partnership with Olocker, isn’t just insuring jewellery against snatching or a break-in — it’s giving people back the freedom to wear their memories, out loud, without fear. 

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