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Raniwala 1881 Partners with Francorp to Scale Retail Footprint Through Franchising

The iconic Jaipur-based jewellery house adopts FOFO and FOCO models to expand across India while preserving its royal heritage and artisanal legacy

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Raniwala 1881, the luxury jewellery brand rooted in Jaipur’s rich heritage, has announced a strategic alliance with Francorp, the franchising advisory arm of Franchise India Group, to fuel its next phase of growth through a structured franchise model.

This partnership marks a significant milestone for the 140-year-old brand as it seeks to expand its retail footprint across India while staying true to its legacy of regal design and meticulous craftsmanship.

Under the agreement, Raniwala 1881 will implement both Franchise-Owned, Franchise-Operated (FOFO) and Franchise-Owned, Company-Operated (FOCO) models. These formats aim to offer opportunities for entrepreneurs and investors to be part of the evolution of one of India’s most prestigious fine jewellery brands.

“Our jewellery is more than just adornment; it is a representation of centuries-old craftsmanship and a deep-rooted heritage,” said Abhishek Raniwala, Managing Director of Raniwala 1881. “With the growing demand for handcrafted Polki and Jadau jewellery, this partnership with Francorp allows us to expand while preserving our brand’s exclusivity.”

Founded in the 19th century by Rai Bahadur Champalal of Beawar, the brand carries a legacy dating back to the British era, when the family was honored with the title “Raniwala.” The brand continues to be a trusted name in bridal jewellery, known for its 18-karat gold Polki pieces that appeal to both Gen Z and Millennial audiences.

Over the years, Raniwala 1881 has also collaborated with some of India’s top fashion designers, including Sabyasachi Mukherjee, Manish Malhotra, and Rahul Mishra, reinforcing its place at the intersection of heritage and high fashion.

The shift toward franchising comes as India’s jewellery market undergoes a transformation, with consumers increasingly gravitating toward branded, story-driven luxury pieces that offer authenticity and traceability.

Francorp will help guide Raniwala 1881’s expansion across metro cities and fast-growing luxury markets, ensuring a consistent retail experience that honors the brand’s heritage.

“Luxury retail is evolving rapidly, and heritage brands like Raniwala 1881 are leading the way in strategic expansion while maintaining timeless elegance and exclusivity,” said Gaurav Marya, Chairman of Franchise India Group. “Franchising provides an effective model to scale without compromising brand integrity. With FOFO and FOCO formats, we’re introducing a new dimension to luxury jewellery retail in India.”

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National News

Lukson Jewels expands retail presence amid rising demand for LGD jewellery

The brand, backed by JK Star Group, is witnessing 25% month on month growth and plans to scale from five to over 30 stores across key Indian markets

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Lukson Jewels, India’s emerging lab grown diamond jewellery brand founded by third generation diamantaire Anand Lukhi, is witnessing accelerated growth as demand for conscious luxury and everyday fine jewellery rises among Millennial and Gen Z consumers. Backed by the 34-year legacy of the JK Star Group, the brand continues to strengthen its position within the evolving fine jewellery landscape through vertical integration, omnichannel expansion, and design led innovation.

Since launch, Lukson has recorded a sustained 25 percent month on month growth rate, signalling strong product market alignment and repeat customer adoption. Within the first six months of operations, the brand has served over 20,000 customers, achieving more than 99 percent customer satisfaction, reinforcing consumer trust across quality, pricing transparency, and overall buying experience.

The brand’s traction reflects a broader shift in jewellery consumption patterns, particularly among working professionals and younger buyers who increasingly prioritise sustainability, transparency, and versatility over traditional occasion driven purchases.

Today, Lukson offers over 1,500 unique jewellery designs across online and offline channels, spanning earrings, rings, necklaces, and bracelets crafted with SGL certified lab grown diamonds. New collections are introduced every 15 days, enabling the brand to remain trend responsive while sustaining engagement across categories.

The onboarding of actor Vaani Kapoor as Brand Ambassador has further strengthened Lukson’s positioning at the intersection of modern elegance, ethical sourcing, and aspirational affordability. The association reflects the brand’s intent to build cultural relevance alongside commercial scale.

Currently operating five offline retail stores across five cities, Lukson plans to scale to over 30 stores across key Indian markets, reinforcing its omnichannel strategy and enabling deeper consumer access through experiential retail formats.

Speaking on the brand’s growth trajectory, Anand Lukhi, Founder and CEO, Lukson, said, “Lukson was created around a simple insight that modern consumers want jewellery that reflects both personal style and personal values. Lab grown diamonds allow us to offer the same brilliance and craftsmanship associated with fine jewellery while addressing concerns around sustainability and transparency. Our growth validates that conscious luxury is no longer niche. It is becoming the new mainstream.”

Rooted in JK Star Group’s vertically integrated diamond ecosystem, Lukson combines decades of expertise in grading, craftsmanship, and manufacturing with contemporary D2C retail strategies. This integration allows the brand to maintain tighter quality control while offering premium designs at accessible price points.

Vedant Lukhi

Vedant Lukhi, Co-Founder of Lukson, added, “Our focus has been to build systems that support scale without compromising trust. Vertical integration gives us supply security and cost efficiency, while design innovation and fast collection cycles allow us to stay culturally relevant. The goal is not just growth, but sustainable and disciplined expansion.”

Expansion Strategy and Manufacturing Investments

As part of its next phase of growth, Lukson is investing in strengthening its supply chain infrastructure. The company plans to expand its lab grown diamond cultivation capacity to over 400 growing units, ensuring long term supply reliability, enhanced quality control, and improved cost optimisation.

On the retail front, Lukson aims to scale across India through a hybrid retail model comprising exclusive brand stores and shop in shop formats across malls and high street locations in Tier 1 and Tier 2 cities. This expansion supports the brand’s vision of building deeper national penetration while maintaining a consistent omnichannel experience.

Lab grown diamonds, which possess the same physical, chemical, and optical properties as mined diamonds, continue to gain acceptance globally due to reduced environmental impact and ethical sourcing advantages. Lukson’s model aligns this technological advancement with evolving consumer expectations around transparency, accessibility, and responsible luxury.

With strong early growth momentum, expanding retail infrastructure, and continued investment across manufacturing and brand development, Lukson is positioning itself as a rising name in India’s conscious luxury jewellery segment.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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