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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.

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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.

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MCX Gold, Silver Decline On US-Iran Peace Deal

Investors Remain Cautious As Details Of Friday’s Peace Agreement Are Limited, Leaving It Unclear How Quickly Shipping Routes and Commodity Exports Will Return To Normal.

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Gold and silver prices snapped their three-day winning streak on Tuesday, opening lower on the Multi Commodity Exchange (MCX). The market pulled back marginally as investors sought further clarity following the announcement of a preliminary peace agreement between the United States and Iran.

MCX Gold Futures (August 2026): Traded down 0.08% at Rs 1,52,789 per 10 grams MCX Silver Futures (July 2026): Dropped 0.73% to trade at Rs 2,49,623 per kg, breaking its recent gaining streak.

U.S. President Donald Trump said on Monday a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.

Following a U.S.-Iran peace deal, traders have lowered the chances of a December U.S. rate hike to 57%, down from 70% last week.Ahead of the Bank of Japan’s interest rate decision, the U.S. dollar held near 10-day lows. Investors are also focused on Wednesday’s Federal Reserve policy meeting—the first under new Chair Kevin Warsh—where interest rates are expected to stay unchanged.

While global gold prices remain steady near recent highs, analysts expect domestic prices to fluctuate due to shifting oil prices, the dollar index, and upcoming Fed signals. Meanwhile, investors remain cautious as details of Friday’s peace agreement are limited, leaving it unclear how quickly shipping routes and commodity exports will return to normal.

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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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