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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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Gold Hovers Near Three-Month Low As Fed Policy Meeting Looms

​Rising Crude Oil Prices and Persistent Inflation Risks Have Heightened Market Concerns That The U.S. Central Bank May Limit Interest Rate Cuts

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— Gold and silver prices hit a roadblock on key domestic and global exchanges, with gold hovering near a three-month low ahead of a U.S. Federal Reserve policy meeting scheduled for later this week.

On India’s Multi Commodity Exchange (MCX), gold futures suffered a weekly decline of nearly 4%. Silver posted even steeper losses, falling over 7% over the same period. MCX silver futures shed 15,087 rupees ($179) per kilogram to close at approximately 1.96 lakh rupees ($2,330) per kg, sliding below the key 2 lakh rupee level.

Rising crude oil prices and persistent inflation risks have heightened market concerns that the U.S. central bank may limit interest rate cuts, pushing Treasury yields and the U.S. dollar higher while dampening appetite for unyielding bullion.

In global markets, benchmark December gold futures on the COMEX dropped $173.20, or 4.14%, over the past week to settle at $4,007.90 per ounce. Prices briefly touched a low of $3,989 per ounce on Friday before managing a modest recovery above the key $4,000 threshold.

Market analysts attributed the sharp decline in silver to broader weakness across non-precious and industrial metals, alongside growing concerns that elevated price levels could prompt industrial consumers to scale back usage or seek alternative materials.

Investors are now focusing heavily on the Federal Reserve’s upcoming policy statement for direction on whether precious metals will find a floor or extend their recent downward trend.

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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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