National News
Lab-Grown Diamond Brand Jewelbox Raises $3.2M to Fuel Nationwide Expansion
Backed by V3 Ventures and others, Kolkata-based startup aims to grow retail presence, bolster brand visibility, and expand its team across India.
Kolkata-based lab-grown diamond jewellery brand Jewelbox has secured $3.2 million in pre-Series A funding, led by V3 Ventures, with participation from Atrium Angels, Dexter Ventures, Infinyte Club, Samarthya Capital, and existing investor JITO Incubation & Innovation Foundation (JIIF).
The company, co-founded in May 2022 by siblings Vidita Kochar Jain and Nipun Kochar, plans to use the fresh capital to scale operations, enhance brand visibility, and hire talent across core functions.
Currently operating eight stores across six Indian cities—Delhi, Gurgaon, Bengaluru, Chennai, Kolkata, and Guwahati—Jewelbox is eyeing rapid growth, with a goal to expand to 30 retail locations by the end of 2025.
“The competition in the lab-grown diamond space is heating up, but we welcome it,” said Jain. “Whether it’s legacy brands, established entrepreneurs, or startups entering the space—it validates the category.”
Jewelbox, which sells its jewellery both online and offline, closed FY25 with an annual revenue run rate (ARR) of ₹38 crore, more than doubling from ₹16 crore in the previous year. The brand had earlier raised ₹3.7 crore in seed funding from JIIF in March 2024.
The funding comes at a time when lab-grown diamonds are gaining traction as a more sustainable and affordable alternative to natural diamonds. The segment is seeing increasing investor interest and consumer adoption.
The broader category is also drawing new entrants. Last month, Priyanka Gill, co-founder of the Good Glamm Group, launched Coluxe, a new lab-grown diamond brand that has already secured early-stage funding. Meanwhile, Bengaluru-based jewellery brand Giva is reportedly in talks with Creaegis to raise $80–100 million, valuing the company between $470–500 million, following its entry into lab-grown diamonds.
On the regulatory front, Commerce and Industry Minister Piyush Goyal recently confirmed there are no plans for additional regulations, citing the industry’s healthy growth under a self-regulatory model.
Jewelbox and other emerging players—including Aukera, Giva, and Green Lab Diamonds—have also approached the Central Consumer Protection Authority (CCPA) to dispute the classification of lab-grown diamonds as “synthetic,” arguing that it misrepresents their nature by equating them with lookalike simulants like cubic zirconia.
Commenting on the investment, Arjun Vaidya, co-founder and managing partner at V3 Ventures, said: “Less than 6% of Indians own diamonds today. With rising aspirations and growing awareness, lab-grown diamonds can democratize luxury in India—and Jewelbox is well-positioned to lead that change.”
National News
This Raksha Bandhan, Turn A Timeless Bond Into A Keepsake With Palmonas
Turning A Timeless Tradition Into A Keepsake Of Sibling Love
Raksha Bandhan has always been about more than a thread tied around a brother’s wrist. It is a celebration of a bond built over years, from childhood arguments and inside jokes to being each other’s constant through life’s biggest moments. As siblings grow older, the relationship may evolve, but the feeling behind it only becomes stronger.
This Raksha Bandhan, Palmonas brings a contemporary touch to the traditional ritual with its Rakhi collection, designed to celebrate the sibling bond in a way that can be cherished beyond the festival. Palmonas’ Rakhis bring this thought to life by transforming a familiar festive symbol into a keepsake that can be worn and treasured even after Raksha Bandhan. The collection features two distinct options, each offering a different take on the timeless ritual.
The Demi-fine® Rakhi is crafted from Stainless Steel with an 18K gold-tone finish, bringing together contemporary design and meaningful symbolism. The collection features the Harmony Mandala Rakhi, accented with 9 cubic zirconia stones, which symbolizes harmony and balance. Inspired by the mandala, its intricate design reflects the togetherness shared between siblings. The Eternal Tree of Life Rakhi draws inspiration from the symbol of the Tree of Life, representing prosperity, growth and strength. The Guiding Star Rakhi, embellished with 10+ cubic zirconia stones, symbolizes guidance, hope, and protection, reflecting the special bond between siblings and the promise of always being there for one another. Each design is finished with a comfortable knotted thread, bringing together thoughtful symbolism and contemporary craftsmanship.
For those looking for something more timeless, the Silver Rakhi collection is crafted from fine silver, offering a refined take on the traditional Rakhi. The Eternal Infinity BRO Fine Silver Rakhi, designed for brothers, features two white cubic zirconia stones and symbolizes the strength and lifelong bond between siblings. The Eternal Evil Eye Fine Silver Rakhi features the iconic Evil Eye motif, a classic symbol of protection and good fortune, thoughtfully designed to celebrate the unbreakable bond between siblings.
At its heart, Raksha Bandhan is about showing up for each other. The gifts may change with time, but the emotion remains the same. With its Rakhi collection, Palmonas celebrates this evolving expression of sibling love, giving a familiar tradition a modern, wearable form that can become a lasting reminder of the bond between brothers and sisters.
Because some bonds deserve more than a moment, they deserve a keepsake.
This Raksha Bandhan, Turn A Timeless Bond Into A Keepsake With Palmonas
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Gargi By P N Gadgil & Sons Unveils Rakhi Collection 2026: Over 1,000 Silver Designs, A Kids’ Character Range and 9kt Gold Gifting For Sisters
This Raksha Bandhan, Turn A Timeless Bond Into A Keepsake With Palmonas
Farah Khan Fine Jewellery Celebrates Raksha Bandhan With Timeless Gifts Of Love
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National News31 minutes agoGargi By P N Gadgil & Sons Unveils Rakhi Collection 2026: Over 1,000 Silver Designs, A Kids’ Character Range and 9kt Gold Gifting For Sisters
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