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.
At the fourth meeting of the reconstituted Board of Trade (BoT) held in New Delhi on 25th November, Shaunak Parikh, Vice Chairman, GJEPC, and Sabyasachi Ray, Executive Director, GJEPC, joined industry leaders and policymakers for discussions led by Piyush Goyal, Hon’ble Minister of Commerce & Industry.
The GJEPC leadership also interacted with Rajesh Aggarwal, Commerce Secretary, during the meeting, which focused on India’s export momentum, the economic outlook, and the government’s ongoing push to strengthen the country’s global trade position.
Parikh thanked the Minister for launching the Export Promotion Mission and for placing the gem and jewellery sector in the priority list. He noted the upcoming EU and G7 requirements that call for full traceability of diamonds from January 2026. He urged the Ministry to recommend extending the implementation timeline to at least July 2026, or until global standards, guidelines and pilot systems are finalized.
Mr. Parikh also raised concerns about restrictions on gold, silver and platinum alloy and jewellery imports. He requested that licences for non-FTA countries, where no duty benefit exists, be issued through the automatic route to ease business operations for exporters.
The BoT meeting also reviewed progress on major trade facilitation initiatives, including the rapid expansion of the Trade Connect e-Platform, improvements in grievance redressal, the extension of the RoDTEP scheme, and advances made in digital Certificates of Origin.
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