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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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With Presence In 29 States and 240 Cities and 100+ Accredited-Partners, IAGES Aggressively Grows To 550+ Accredited Partner Outlets Pan India

IAGES Expands Its National Footprint, Strengthening Trust, Transparency, and Standardisation

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The Indian Association for Gold Excellence and Standards (IAGES), a self-regulatory body has crossed the 100+ accredited partner landmark, establish a strong presence with 550+ partner outlets. With its footprint spanning 240+ cities pan India, IAGES consolidates its position as the facilitator of trust, transparency, and standardisation in the gold sector.

The IAGES accreditation network today spans the entire gold value chain—bringing together refiners, bullion traders, manufacturers, assaying and hallmarking centres, retailers, and digital gold retailers under a unified framework. While retailers form the majority, having actively adopted the industry-defined code of conduct and standardised their business practices, the growing participation across segments reflects strong industry confidence in the accreditation process. With many more partners currently in the pipeline, the momentum continues to build toward a more transparent and accountable gold ecosystem.

Kaushlendra Sinha Said:

“IAGES represents a truly pan-India network from Kashmir to Kanyakumari and from Mumbai to Kolkata, reiterating the industry’s need for a standard code of conduct uniting businesses under a common framework of best practices. We are delighted to achieve this landmark and continue our endeavours to reach out to each and every gold business in the country. While we have accredited large national players, it gives us happiness that small and medium players are coming forward in large numbers which is a true representation of the success and acceptance of IAGES by the Gold Industry.”

Members are IAGES-accredited only after a comprehensive assessment of their business practices across the entire value chain is conducted by an independent third-party assessor. An accreditation is highly beneficial for both business and consumers. For gold jewellers, it reflects verified practises, ethical conduct, operational excellence and consumer trust and loyalty while for consumers, it means their certified retailer has sourced and manufactured their gold only after the most rigorous standard of authenticity and integrity have been met.

While IAGES remains focussed on building trust and transparency for the gold buyers, the organisation has initiated a consumer awareness campaign – ‘Before you buy gold, #PehlaCheckIAGES’. The campaign aims to create a shift in the gold-buying mindset by placing the power of making an informed choice on the buyer only after verifying that their retailer is IAGES-accredited.

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