National News
Jewelbox Strengthens South India Footprint with Flagship Store in Bangalore
Jewelbox, a pioneer in lab-grown diamond jewellery, has expanded its presence in South India with the opening of its flagship store in Jayanagar, Bangalore.
This expansion follows the brand’s successful entry into Chennai and is a key part of its retail growth strategy, which has seen rapid expansion with stores in Delhi, Gurgaon, Chennai, Kolkata, and Guwahati over the last six months.
Bangalore, contributing 15% of Jewelbox’s total online orders, is now a pivotal market for the brand. The new store is poised to cater to the rising demand for sustainable luxury jewellery, drawing on the city’s eco-conscious and affluent consumer base, as well as its status as a hub for young professionals.
“We’ve always seen Bangalore as a key market for growth,” said Vidita Kochar Jain, Co-Founder of Jewelbox. “With the Jayanagar store, we’re offering a personalized in-store experience for customers who appreciate sustainability, innovation, and exceptional craftsmanship.”
The Jayanagar store will showcase a curated collection of lab-grown diamond jewellery, featuring personalized consultations, exclusive designs, and expert styling advice aimed at consumers aged 25 to 50.
With the lab-grown diamond market in India set to reach USD 797.92 million by 2030, growing at a CAGR of 14.8%, Jewelbox is positioning itself to capitalize on this growing demand for sustainable jewellery. The brand plans to open three to four additional stores in Bangalore by the end of 2025, further strengthening its presence in the region.
This store launch is part of Jewelbox’s comprehensive omni-channel strategy, combining the convenience of online shopping with the immersive, hands-on retail experience at its Jayanagar outlet.
National News
Domestic precious metal markets record steady retail pricing
Despite Friday’s modest rebound, gold remains on track for a weekly decline of 4.6% amid market concerns over potential U.S. Federal Reserve rate hikes and inflationary pressures
Domestic precious metal markets recorded steady retail pricing across major Indian metropolitan centers today, following global market fluctuations driven by international interest rate expectations and crude oil trends.
In the domestic bullion market, benchmark gold bullion traded at ₹1,37,310 per 10 grams, while silver stood at ₹1,77,260 per kilogram as of morning market hours. Â
Global Market Context
On the international front, spot gold saw a marginal uptick of 0.1% to reach $3,882.09 per ounce, recovering slightly after touching a 13-month low in the previous session. Despite Friday’s modest rebound, gold remains on track for a weekly decline of 4.6%—its steepest weekly drop since early June—amid market concerns over potential U.S. Federal Reserve rate hikes and inflationary pressures from rising oil prices. Meanwhile, spot silver declined by 1.74%, platinum edged lower, and palladium posted gains.
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