National News
INDRA: Transforming India’s Jewellery Industry with De Beers and GJEPC
INDRA, a pioneering collaboration between De Beers and GJEPC, aims to elevate the natural diamond sector in India, empowering retailers and consumers while unlocking vast growth potential.
India’s jewellery market, one of the largest globally, is poised for a massive transformation. As the country’s economy continues its upward trajectory, reaching a $3.5 trillion GDP in 2025 and projected to hit $7.9 trillion by 2030, industries across the board, including jewellery, stand to benefit from the rise in disposable incomes and consumer spending.
The Indian jewellery sector, currently dominated by traditional retailers and fragmented in structure, is undergoing a shift with organized retail expanding rapidly. While India is the world’s second-largest jewellery market, it still faces untapped potential, particularly in diamond jewellery, which makes up less than 10% of the overall market. Natural diamonds currently contribute approximately $8.5 billion to the sector, with projections indicating significant growth opportunities.
To capitalize on these emerging opportunities, De Beers, in collaboration with the Gem & Jewellery Export Promotion Council (GJEPC), has launched INDRA—a groundbreaking initiative aimed at enhancing the visibility, desirability, and understanding of natural diamonds among both consumers and retailers.
Bridging Gaps and Building Trust
The jewellery market in India faces unique challenges, especially for retailers in smaller cities. Many of these businesses maintain deep-rooted relationships with their customers, but often lack the resources and knowledge to confidently sell diamond jewellery. INDRA aims to bridge this knowledge gap by providing retailers with essential tools and resources, including:
- Business Intelligence: Insights into future market trends to help retailers stay ahead of the curve.
- Consumer Education: Helping customers understand the value and authenticity of natural diamonds.
- Training & Support: Offering retailers the confidence and expertise to market and sell diamonds effectively.
- Technology Integration: Equipping retailers with tools for verification and merchandising intelligence.
This initiative goes beyond a traditional marketing campaign—INDRA is designed to empower the entire jewellery ecosystem, from manufacturers to consumers, ensuring that growth in the diamond sector is sustainable, transparent, and trustworthy.
Strategic Collaborations and Luxury Collections
A key focus of INDRA is strengthening the natural diamond category through strategic collaborations. One of the most significant partnerships has been with Tanishq, where De Beers is working on vertical integration, ensuring traceability and authenticity from rough diamonds to polished stones. This collaboration also led to the launch of the “Soulmate Diamond Pair” collection—a luxury jewellery line featuring couple bands with diamonds cut from the same rough stone, symbolizing unity and connection.
Looking Ahead
India’s jewellery industry stands at a critical juncture, with economic growth driving increased demand for premium, organized, and transparent retail experiences. INDRA represents a proactive step in meeting these demands, empowering retailers with the tools and knowledge to succeed in an evolving market.
With rising disposable incomes and an expanding consumer base, the demand for natural diamonds and premium jewellery is expected to soar. By strengthening the natural diamond narrative and supporting retailers across India, INDRA is positioning the country to become a global leader in the jewellery industry.
As the industry continues to evolve, initiatives like INDRA will play a pivotal role in shaping a prosperous, sustainable future for India’s jewellery sector, making it a significant player on the world stage.
National News
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.
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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