National News
Reliance Jewels Reports 52% Jump in Average Bill Value Amid Rising Gold Prices
Reliance Jewels’ Old Gold Exchange Fuels Major Revenue Growth Despite Gold Price Hitting $1,27,851 per 10g
Reliance Jewels has recorded a 52% increase in Average Bill Value despite volatile gold prices, driven significantly by its old gold exchange program. Over the past six months, gold prices have surged nearly 30% due to global uncertainties, tariffs, and trade tensions, with the price standing at Rs 1,27,851 per 10g as of October 17.
The contribution of old gold exchange rose to 32.5%, up from 21.9% last year, reflecting strong customer preference for trading in pre-owned gold.
Apart from jewellery, Reliance Retail Ventures Limited (RRVL) reported Q2 FY26 revenue of Rs 90,018 crore, marking an 18% year-on-year growth. This was fueled by robust festive season sales, with the Grocery and Fashion & Lifestyle segments growing 23% and 22% YoY, respectively.

Speaking on the results, Isha Ambani, Executive Director, said:
“We consistently innovate, from curating new collections to creating campaigns that connect with today’s Indian consumer. Our focus remains on building brands that inspire and resonate across India.”
RRVL expanded its store network by 412 outlets, bringing the total to 19,821 stores with 77.8 million sq. ft. of operational area. The company’s registered customer base grew to 369 million, with JioMart adding 5.8 million new customers, a 120% quarter-on-quarter growth rate.
This performance underscores Reliance Jewels’ ability to drive premiumisation and festive demand, even amid gold market volatility.
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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National News11 hours agoCosmos Diamonds Makes History With World’s First LGD  Jewellery  Launched Into Space
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