National News
Jewelbox to Triple Retail Presence with 30 Stores by Year-End, Eyes Rs 150 Cr Revenue Surge
Lab-grown diamond brand Jewelbox expands into new cities including Mumbai and Hyderabad, blending tech-powered experiences with in-store engagement as part of its ‘phygital’ strategy.
Lab-grown diamond brand Jewelbox is set to significantly expand its retail footprint, aiming to open a total of 30 brick-and-mortar stores by the end of the year, up from its current eight outlets across major metros like Delhi, Bengaluru, Chennai, and Kolkata.
The expansion is part of Jewelbox’s broader ‘phygital’ strategy, which blends in-store retail with digital innovations like AI-enabled virtual try-ons and smart recommendation engines. While online channels contribute around 30% to revenue, the company notes that its physical stores see much higher conversion rates, with some outlets crossing 60% in-store conversions.
Founded with the mission to make diamonds more affordable and accessible, Jewelbox offers price points starting at Rs 10,000, catering particularly to first-time diamond buyers. Its current catalogue features over 3,500 SKUs, with 200 new designs launched monthly to drive frequent footfall and repeat purchases.
Operating at an annual revenue run rate of Rs 40 crore, the brand is projecting growth to Rs 150 crore by next year. Kochar emphasized that the expansion is rooted in profitable and sustainable scaling. Recent product additions include colourful stone-set earrings, according to updates on the brand’s official Facebook page.
Jewelbox’s strategic blend of tech-forward retail and curated in-store experiences positions it as a rising player in India’s evolving diamond jewelry market.

The brand will soon enter Noida, Ludhiana, Mumbai, and Hyderabad, while strengthening its presence in Delhi-NCR and Bengaluru, according to co-founder Vidita Kochar. “After two years, we knew our model was scalable in a plug-and-play fashion,” Kochar shared with the Indian Retailer Bureau.
National News
DGSL launches India’s first structured insurance appraisal service for GJ sector
DGSL, one of India’s leading gems and jewellery testing and certification authorities, has announced the launch of specialized Insurance Appraisal Services for gems and jewellery, introducing what it describes as the country’s first structured, standards-driven appraisal service dedicated to insurance documentation.
The initiative seeks to address a long-standing gap in the Indian market, where jewellery insurance documentation has often lacked standardized gemological evaluation and globally aligned valuation methodologies / practices.
With the rising value of fine jewellery collections, heirloom pieces, and investment-grade gemstones, the demand for precise and internationally compliant insurance appraisals has grown significantly. DGSL’s appraisal reports include detailed gemstone identification, grading analysis, market-aligned valuation methodology, high-resolution imaging, and clearly defined value conclusions prepared specifically for insurance coverage purposes.
The reports aim to provide clarity and reliability for clients, insurers, and financial institutions by ensuring accurate replacement value assessments and minimizing ambiguity during insurance claims.
In a parallel development, Atul Jain, Director at DGSL, has been granted membership in the National Association of Jewelry Appraisers (NAJA), one of the world’s most respected professional organizations dedicated to jewellery appraisal standards, ethics, and professional education.
Jain, a Graduate Gemologist with more than four decades of experience in the jewellery trade, has played a significant role in gemological education, diamond grading, and jewellery authentication in India. His professional expertise spans natural diamonds, coloured gemstones, antique jewellery evaluation, and market advisory.

Atul. Jain said, “The introduction of structured insurance appraisal services marks an important evolution for the Indian jewellery industry. Jewellery today represents not only adornment but also heritage, investment, and emotional legacy. It deserves documentation that meets global standards of accuracy, transparency, and credibility.”
DGSL’s Insurance Appraisal Services will cater to private collectors, high-net-worth individuals, jewellery retailers, estate planners, financial institutions, and insurance providers. Each appraisal follows internationally accepted valuation principles while being adapted to the dynamics of both the Indian and global jewellery markets.
With over two decades of excellence in testing and certification, DGSL has built a reputation grounded in scientific accuracy, ethical practices, and client trust. The addition of Insurance Appraisal Services further strengthens DGSL’s position as a comprehensive authority in gemological certification and valuation.
This initiative sets a new benchmark for professionalism within India’s gems and jewellery sector, ensuring that valuable jewellery assets are not only authenticated but also properly valued and protected.
-
International News2 days agoPrecious Metals Face Macro Headwinds Amid Persistent Inflation and Geopolitical Uncertainty: AUGMONT BULLION REPORT
-
International News2 days agoPlatinum Jewellery demonstrates resilience amidst record price rally
-
National News2 days agoM P Ahammad, Chairman of Malabar Group, Conferred Maharashtrian of the Year Award 2026 by Maharashtra CM Devendra Fadnavis
-
International News2 days agoBullion Dips in India Despite Safe-Haven Demand as Dollar Firms


