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
GJ Exports Show Signs Of Stabilization Amid Global Headwinds With A Rise Of 26.51% In June 2026; Imports Also Rise By 10.06% In The Same Period
The Overall Gems & Jewellery Exports Witnessed A Rise After A Prolonged Downtrend And Indicates A Revival In Overseas Demand Dynamics
The overall gross gems & jewellery exports grew by 26.51% to US$ 2212.65 million (Rs. 21010.78 crores) in June 2026 after a long trail of decline. Quarterly performance of the April to June 2026 period also reflects a positive sign, with a rise of 0.04% to US$ 6612.21 million (Rs. 62588.61 crores) as compared to last year.
Here are the important points highlighted from the provided performance report for the Indian gems and jewellery sector in June 2026 and the April-June 2026 quarter:
Overall Sector Performance
- Export Revival: Overall gross gems and jewellery exports broke a prolonged downtrend, growing by 26.51% in June 2026 to US$ 2,212.65 million.
- Quarterly Growth: The April–June 2026 period stabilized with a marginal rise of 0.04% to US$ 6,612.21 million year-on-year (YoY).
- Imports: Gross imports grew by 10.06% in June 2026, though the cumulative April–June period saw a 5.9% decline YoY.
Diamonds (Natural vs. Lab-Grown)
- Cut & Polished Diamonds (CPD):
- June 2026 exports grew by 8.71% to US$ 846.73 million.
- Quarterly volume (Apr–Jun) increased by 8.98% (39.88 lakh carats), though cumulative value dipped slightly by 4.13% (681.76.
- Quarterly imports surged by 66.13%, showcasing a clear preference for Special Economic Zones (SEZs) over Domestic Tariff Areas (DTAs).
- Rough Diamonds: Imports continued to decline (-27.11% in June; -32.42% for the quarter) as manufacturers focused on clearing existing inventory amid volatile overseas demand.
- Polished Lab-Grown Diamonds (LGD): Continued a massive growth surge, with June exports up 52.25% and quarterly value up 14.92% (volume up 31.97%). LGDs are rapidly emerging as a highly lucrative, price-conscious alternative to natural diamonds.
Gold, Silver & Platinum Jewellery
- Gold Jewellery: June 2026 exports spiked by 54.50% to US$ 1,087.74 million, driven by stabilizing global buyers’ sentiments.
- Plain Gold: June exports grew 25.34%, but the quarter fell 23.30% due to mixed monthly trends earlier in the year.
- Studded Gold: Experienced stellar growth, rising 85.35% in June and 20.10% for the overall quarter.
- Silver Jewellery: Retains strong momentum as the preferred affordable alternative to gold, maintaining robust double-digit YoY growth.
- Platinum Jewellery: Quarterly exports jumped 27.66% to US$ 58.67 million, fueled by international demand for premium, cost-effective contemporary jewellery.
Alternative Categories & Investment
- Coloured Gemstones: Quarterly exports dropped 15.0% to US$ 82.25 million, largely hampered by temporary international logistical barriers rather than a drop in core demand.
- Gold Medals & Medallions: Quarterly exports skyrocketed by 86.42% to US$ 1.81 million, underscoring strong overseas investor sentiment using gold as a hedge against global inflation.
Outlook
The strong June performance indicates a reinstatement of international demand and points toward highly positive holiday season sales moving into the October–December quarter.
GJ Exports Show Signs Of Stabilization Amid Global Headwinds With A Rise Of 26.51% In June 2026; Imports Also Rise By 10.06% In The Same Period
De Beers Suspends Production At Venetia Mine Amid Global Diamond Market Slowdown
Certificate Ceremony Held To Recognize The First Jewellery Import Shipments Under The India–UK CETA
De Beers Suspends Production At Venetia Mine Amid Global Diamond Market Slowdown
GJ Exports Show Signs Of Stabilization Amid Global Headwinds With A Rise Of 26.51% In June 2026; Imports Also Rise By 10.06% In The Same Period
Certificate Ceremony Held To Recognize The First Jewellery Import Shipments Under The India–UK CETA
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International News20 hours agoDe Beers Suspends Production At Venetia Mine Amid Global Diamond Market Slowdown
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National News2 hours agoGJ Exports Show Signs Of Stabilization Amid Global Headwinds With A Rise Of 26.51% In June 2026; Imports Also Rise By 10.06% In The Same Period
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International News23 hours agoCertificate Ceremony Held To Recognize The First Jewellery Import Shipments Under The India–UK CETA
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