National News
PNGS Gargi Fashion Jewellery Ltd had a great first quarter of FY26, with sales up 20.4% to ₹27.31cr
PNGS Gargi Fashion Jewellery Ltd reported a strong Q1 FY26, with sales up 20.4% to ₹27.31 crore and net profit rising 29.3% to ₹5.31 crore, driven by its successful shift from a FOCO to FOFO model for SIS locations with P. N. Gadgil & Sons.
PNGS Gargi Fashion Jewellery Ltd announced a highly successful first quarter of FY26, marked by a 20.4% increase in sales to ₹27.31 crore and a substantial 29.3% rise in net profit to ₹5.31 crore compared to the previous quarter. The company attributes this strong financial performance to its strategic business model change, specifically the successful transition of its Shop in Shop (SIS) locations with P. N. Gadgil & Sons from a FOCO to a FOFO model.
The company also highlighted its operational efficiency, a vast product portfolio of over 15,000 SKUs, and an expanding retail network of 98 touchpoints. Looking forward, the company is in a strong position with a debt-free status. It plans to use a proposed preferential issue to accelerate retail growth, invest in design and new product categories, and improve its digital and manufacturing infrastructure.
The release also points to a successful “Monsoon Offer” marketing campaign that saw a 35% increase in customer response, demonstrating effective marketing strategies. The company is actively focused on geographical expansion, product innovation, and digital integration to leverage the growth opportunities in the Indian fashion jewelry market.
National News
Cosmos Diamonds Makes History With World’s First LGD Jewellery Launched Into Space
The Launch Also Reinforces India’s Emergence As A Global Innovation Hub Where Startups From Diverse Sectors Are Forging Unconventional Partnerships.
In a landmark moment where luxury, science and space exploration converged, Sanjana Tripuramallu, founder of Bengaluru-based Cosmos Diamonds, has achieved a global first by collaborating with private space company Skyroot Aerospace to send Cosmos Bloom, the world’s first lab-grown diamond (LGD) jewellery creation into space aboard the Vikram-1 rocket.



The Cosmos Bloom Diamond is handcrafted in 18 kt gold using 32 pear-cut LGDs arranged in the form of a blooming lotus and mounted on a specially engineered aluminium base plate. It is designed to withstand the extreme conditions of launch and spaceflight. The space-bound jewel is valued at Rs 11 lakh and combines Indian craftsmanship, technology, and innovation.

Sanjana Tripuramallu, Founder- Cosmos Diamonds
The launch also reinforces India’s emergence as a global innovation hub where startups from diverse sectors are forging unconventional partnerships. While Skyroot Aerospace showcased the country’s private launch capabilities through Vikram-1, Cosmos Diamonds used the mission to tell a powerful story of Indian design and scientific ambition on an international stage. With the successful launch of the world’s first lab-grown diamond jewel into orbit, Sanjana Tripuramallu and Cosmos Diamonds have etched their names into both jewellery and space history, demonstrating that the future of luxury may well extend beyond Earth itself.
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