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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.

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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.”

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Senco Gold & Diamonds Celebrates The Season Of Everyday Indulgence With ‘Drops Of Joy’

This Monsoon, Senco Invites Consumers To Embrace Everyday Moments With Jewellery That Celebrates Self-Expression, Personal Milestones and The Simple Joy Of Treating Yourself

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The monsoon has quietly become a season of self-upgrades, when the modern Indian woman slows down to celebrate herself through small yet meaningful indulgences. Whether it’s investing in something she’s long wanted, refreshing her wardrobe, or picking up a piece of jewellery simply because it brings her joy, the season has evolved into a time for personal rewards rather than just festive shopping.

Reflecting this evolving consumer mindset, Senco Gold & Diamonds unveils its ‘Drops of Joy’ monsoon campaign, celebrating everyday moments with thoughtfully crafted gold and diamond jewellery and attractive seasonal offers. Customers can enjoy up to 20% off on diamond jewellery, up to 40% off on gold jewellery making charges, making charges starting from 6%, along with 0% deduction on old gold exchange, even if the jewellery was purchased from another jeweller, making it easier than ever to upgrade to something new.

The campaign also taps into another significant shift in jewellery consumption. Once reserved for weddings and milestone occasions, diamonds are increasingly becoming an everyday expression of personal style, with younger consumers embracing wearable, versatile and accessible pieces that fit effortlessly into their daily lives. Against the muted backdrop of the monsoon, diamonds become a personal source of brightness, adding sparkle to ordinary moments and making every day feel a little more special.

Speaking about the campaign, Joita Sen, Director & Head of Marketing & Design, Senco Gold & Diamonds, said:

“The monsoon has a beautiful way of reminding us to slow down and appreciate the little things, a quiet coffee, an unexpected compliment, spending time with loved ones, or simply taking a moment for ourselves. With ‘Drops of Joy’, we wanted to celebrate these everyday moments that often bring the biggest smiles. Jewellery today is no longer only about grand occasions; it has become a way for people to express themselves every day.

Through these offers, we hope to make owning a beautiful piece of jewellery even more accessible, whether you’re buying your first diamond, exchanging old gold for something new, or simply treating yourself because you deserve it.”

The campaign reflects Senco’s continued focus on making fine jewellery more approachable for modern consumers by combining thoughtful pricing with timeless craftsmanship. With collections spanning gold, diamonds, platinum and more, the brand continues to redefine jewellery as an everyday expression of style and self-celebration while remaining deeply meaningful.

The ‘Drops of Joy’ monsoon offers are available across all Senco Gold & Diamonds showrooms, on the Senco App, and at www.sencogoldanddiamonds.com, for a limited period starting 3 July 2026.

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