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
Bharat Diamond Bourse and Department Of Posts Sign MOU
Foreign Post Office To Open In BDB To Facilitate
Export-Import of Precious Cargo By Post
- Economical and simplified doorstep logistics support for Export and import of high-value cargo – International and Domestic
- Facility Open to all
Bharat Diamond Bourse (BDB) and Department of Posts (DOP), Maharashtra Circle, today signed a Memorandum of Understanding (MOU) to establish a partnership aimed at facilitating shipments of precious cargo from within the Bourse premises. A Post Office extension counter that offers a range of postal services will commence operations in BDB within a month.
Under the partnership agreement, comprehensive logistics facilities will be provided to both members and non-members for shipments of domestic and international parcels. These Doorstep Logistics Services will operate with the Department of Posts as the primary logistics partner.
Services available for all within the bourse will include Speed Post, India Post Parcel, Logistics Post, Media Post, and others.
Shri Anoop Mehta, President of BDB, Said:
“BDB’s vision is to provide the best facilities for its members, and simultaneously facilitate the growth of diamond exports. The MOU is a big step in enabling smooth logistics for export-import parcels from within our premises. We believe it will help individual businesses as well as boost overall diamond exports.”
Mehul Shah, Vice President, BDB, Said:
“Opening the post office in BDB is a big milestone for small and medium traders. Reduced shipment costs will make it extremely economical. Further, there is no requirement for Customs clearing agents (CHAs). The move will also boost the e-commerce business with direct shipments from manufacturers to end consumers. Easy access to other services like speed post and parcel will make logistics easier for BDB members.”
Amitabh Singh (IPoS), Chief PMG, Maharashtra Circle, Said:
“This partnership leverages the world’s largest postal network for facilitating import and export of valuable cargo and domestic parcels of the BDB business community. It brings India Post to the doorstep of the diamond trade and connects BDB, the diamond bourse having the largest turnover worldwide, with the largest Postal network, opening a door to Global Geography.”
Other dignitaries present on the occasion of the MOU Signing included Shri Santosh Mishra, Commissioner of Customs Zone-3, Shri Pandurang Chormale (IPoS), Senior Superintendent of RMS, Shri Anup Zaveri – Customs Convener BDB, and others.
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