National News
Lucira Shines This Festive Season with Sustainable, Modern Diamond Jewelry for Every Celebration
Founded by Rupesh Jain, Lucira brings conscious luxury to weddings, gifting, and everyday elegance with its finely crafted lab-grown diamond collection.
Lucira — the contemporary lab-grown diamond fine jewelry brand by Rupesh Jain, the visionary entrepreneur who built Candere (now part of Kalyan Jewellers) — is redefining modern luxury for today’s mindful consumer. Marking his much-awaited return to the industry, Lucira comes with a refreshed, sustainable approach to fine jewelry, blending innovation with timeless craftsmanship.
As the festive sparkle of Christmas meets the joy of the New Year, Lucira invites customers to celebrate life’s most meaningful moments with jewelry that is pure, responsible, and everlasting. From a bride’s glowing radiance to a groom’s refined style, and thoughtful gifting for loved ones, Lucira’s latest curation offers pieces crafted with precision, purpose, and unmatched brilliance.
Each design reflects the brand’s commitment to sustainability and elegance, making every wedding or festive moment truly unforgettable.
1. Antiqua Drop Diamond Pendant Necklace
A graceful blend of vintage charm and modern sophistication, the Antiqua Drop Pendant showcases a delicate drop motif embellished with shimmering round diamonds. Suspended from a fine gold chain, it is versatile enough for everyday elegance and special celebrations alike.
2. Sunlight Bloom Diamond Stud Earrings
Radiant and refined, these stud earrings feature diamonds arranged in a sunlight bloom formation, capturing the beauty of a blossoming flower. Their subtle sparkle makes them ideal for daily wear or festive occasions.
3. 0.28ct Oval & Round Diamond Toi et Moi Ring
A contemporary symbol of togetherness, this Toi et Moi ring pairs an oval and round diamond in perfect harmony. Minimalist, modern, and meaningful.
India’s appetite for borrowing against gold is reshaping the country’s credit landscape. Outstanding gold-backed loans have surged 128% from a year earlier, crossing Rs.4 lakh crore ($48 billion) for the first time, according to data from the Reserve Bank of India. As of Jan. 31, loans secured by gold jewellery stood at Rs.4,00,517 crore, marking one of the fastest expansions in retail credit in recent years.
The boom in gold loans has helped propel overall non-food bank credit growth to 14.4% year-on-year. Personal loans now account for 34.5% of total bank lending, outpacing other segments and underscoring a broader shift toward consumer-driven credit expansion
Gold loans alone contributed roughly 9% of incremental bank credit during the period. Between January 2024 and January 2026, outstanding gold-backed credit rose by nearly Rs.3.1 lakh crore—an increase of about 338% over two years—more than quadrupling the size of the portfolio.
Two factors are driving the surge. First, gold prices have climbed roughly 152% over the past two years, increasing the collateral value of household holdings. Second, regulatory guidance requiring banks to classify loans secured by gold explicitly as gold loans has sharpened reporting and accelerated balance-sheet growth in the segment.
The trend highlights a distinctive feature of India’s financial system: households’ vast stock of physical gold, long viewed primarily as a store of wealth, is increasingly being mobilized as collateral for formal credit.
While personal lending and credit to nonbank financial companies within the services sector continue to expand rapidly, industrial credit remains uneven. Loans to micro, small and medium enterprises are growing steadily, but borrowing by large corporations has stayed relatively muted.
Since March 21, 2025, banks have added Rs.21.8 lakh crore to their non-food loan books, translating into 12% growth for the financial year to date. Yet it is gold—rather than factories or infrastructure—that is emerging as one of the most dynamic engines of India’s current credit cycle.
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