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
Lower Gold Prices Is Driving Jewellery Demand in India
For The First Time In Over Three Months, Indian Dealers Are Selling Gold At A Premium
Domestic gold prices dropped to around Rs 148,200 per 10 grams on Friday (after touching a two-week low of Rs 145,627).
Back in Demand: Because prices dropped and the wedding/festival season is starting, people are buying more gold jewelry.
Selling at a Premium: For the first time in over three months, Indian dealers are selling gold at a premium (up to +$7/ounce over official domestic prices), compared to last week’s discount (-$6/ounce).
Supply Shortage: Gold imports dropped massively in September ($1.8 billion vs. $9.6 billion last year), creating a tight local supply.
Mutual Fund Freeze: Several major Indian mutual funds have paused large investments into Gold ETFs.
Rest of Asia: Buyers Stay Cautious
China: Demand remains low because global gold prices are swinging wildly, making buyers hesitate. Gold traded at premiums of $4 to $13/ounce.
Singapore & Hong Kong: Mild activity, with small premiums ($0.50 to $1.70 in Singapore; flat to $1.50 in Hong Kong).
Japan: Buying interest remains weak among both everyday consumers and investors (-$0.25 discount to +$0.50 premium).
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