National News
Senco is gearing up for significant growth; plans to open 20 new stores this year
Senco Gold & Diamonds, one of India’s leading jewelry retailers, is gearing up for significant growth in the fiscal year 2025. The company has announced plans to open 20 new stores this year, aiming for a 20% increase in its topline revenue. This expansion is part of its broader strategy to maintain consistent annual growth while catering to rising consumer demand.These details were provided by Suvankar Sen, MD and CEO of Senco Gold & Diamonds, during an interview with CNBC TV18.
The company experienced a challenging start to FY25, with weak demand for diamond jewelry during the first three quarters due to high gold prices. However, the fourth quarter saw a revival, with increased sales of 14-carat and 18-carat diamond jewelry. Senco Gold also noted that silver sales outpaced both gold and diamonds in volume and value, as consumers increasingly view silver as an investment and gifting option.
Senco Gold has embraced innovation by launching dedicated lab-grown diamond jewelry stores under its sub-brand “Sennes.” According to Suvankar Sen, Managing Director and CEO of the company, lab-grown diamonds are gradually carving out their own market. The company expects these products to gain traction within the next two years, especially in the small-ticket segment catering to everyday wear.
The reduction in gold import duties by 9% provided temporary relief to customers but affected Senco’s profitability in Q2 and Q3. Despite this, the company expects profit margins to stabilize by the end of FY25.
In addition to domestic growth, Senco Gold has ventured into international markets by opening a store in Dubai. This move aligns with its strategy to cater not only to Indian expatriates but also to global consumers who appreciate handcrafted Indian jewelry. The company is also diversifying its product portfolio under the Sennes brand by introducing luxury lifestyle products such as leather bags.
Future Outlook
Suvankar Sen remains optimistic about the future, citing strong demand during wedding seasons and evolving consumer preferences for lightweight, versatile jewelry. The company is also focusing on digital services like virtual try-ons and personalized designs to appeal to younger, tech-savvy customers.
National News
Celebrate Raksha Bandhan With Timeless Keepsakes From Candere By Kalyan
Indinoor Brings South Indian Heritage To Life With A Contemporary Temple Jewellery Edit Curated By Shanaya Kapoor
Raksha Bandhan has always been about celebrating one of life’s most cherished bonds. From tying the rakhi and exchanging sweets to reliving childhood memories and sharing in playful sibling banter, the festival is filled with traditions that bring families together year after year. While the sacred thread remains at the heart of the celebration, the ways we express love and appreciation for our siblings continue to evolve, with thoughtful gifts becoming an integral part of the occasion.
This Raksha Bandhan, look beyond the rakhi with keepsakes designed to be treasured long after the festivities are over. Whether it’s a bracelet she can wear every day, a meaningful charm symbolising protection and good fortune, or a contemporary accessory that reflects his personal style, Candere by Kalyan presents a curated selection of jewellery that celebrates the enduring bond between siblings.
Here’s a curated edit
Lavish Platinum Flexi Bracelet
Crafted for the modern man, the Lavish Platinum Flexi Bracelet combines platinum and rose gold detailing with a sleek black steel flexi band. Its clean, contemporary design offers a refined balance of understated style and distinctive detailing, making it a versatile accessory for everyday wear and festive occasions. Designed for men who appreciate modern, sophisticated accents, the bracelet adds a polished touch to any look.
Pair it with a classic watch or wear it on its own with a kurta or linen shirt for a refined festive look. It also makes a thoughtful Raksha Bandhan gift for the brother who appreciates contemporary, timeless style.
The Nairni Diamond Chain Bracelet beautifully combines a delicate gold chain with a sparkling floral-inspired diamond motif at its centre. Feminine, lightweight and effortlessly elegant, it is designed to add just the right amount of brilliance to everyday looks while complementing festive ensembles with ease. Its versatile design makes it a keepsake she’ll reach for long after Raksha Bandhan is over.
Pair it with other delicate bracelets for a layered look or wear it solo with a saree or kurta set for understated festive elegance. A meaningful gift for the sister who’s been your lifelong confidante.
Minimal yet striking, the Boxy Diamond Watch Stud features a geometric square silhouette highlighted with a brilliant round diamond at its centre. Designed to attach effortlessly to compatible watches or bracelets, it adds a refined accent that instantly elevates everyday accessories. Its clean lines and contemporary aesthetic make it ideal for those who appreciate subtle luxury.
Gift it to your brother as a sophisticated Raksha Bandhan keepsake that complements both festive and everyday dressing.
The Hamsa Evil Eye Diamond Charm brings together two timeless symbols of protection—the Hamsa hand and the Evil Eye— accented with sparkling diamonds and vibrant enamel detailing. Thoughtfully crafted to be worn on a bracelet or chain, the charm represents positivity, good fortune and protection, making it a meaningful choice for Raksha Bandhan.
Style it on a charm bracelet or pendant chain, or gift it as a heartfelt reminder of the promise to always look out for one another.
Droplet Trinket Diamond Watch Stud
Elegant and contemporary, the Droplet Trinket Diamond Watch Stud features diamond-set droplet motifs connected by a delicate gold chain. Designed to add a distinctive touch to compatible watches, this unique accessory brings movement, sparkle and a personalised element to everyday styling. Its modern silhouette makes it a statement detail without overpowering the overall look.
Pair it with a sleek watch for a contemporary finish or gift it to your sibling as a distinctive keepsake that celebrates your enduring bond.
Celebrate Raksha Bandhan With Timeless Keepsakes From Candere By Kalyan
This Onam, Shanaya Kapoor Curates Indinoor’s Celebration Of Timeless Temple Jewellery
Four Months. Eleven Stores. Keemti’s Rapid Rise Signals Bold Retail Ambitions, Eyes 88 Stores By Year-End
Commerce Secretary Shri Rajesh Agrawal Unveils Visionary 2040 Roadmap For USD 100 Billion Gems & Jewellery Exports At Chintan Shivir
Four Months. Eleven Stores. Keemti’s Rapid Rise Signals Bold Retail Ambitions, Eyes 88 Stores By Year-End
This Onam, Shanaya Kapoor Curates Indinoor’s Celebration Of Timeless Temple Jewellery
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National News2 hours agoCommerce Secretary Shri Rajesh Agrawal Unveils Visionary 2040 Roadmap For USD 100 Billion Gems & Jewellery Exports At Chintan Shivir
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National News40 minutes agoFour Months. Eleven Stores. Keemti’s Rapid Rise Signals Bold Retail Ambitions, Eyes 88 Stores By Year-End
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National News23 minutes agoThis Onam, Shanaya Kapoor Curates Indinoor’s Celebration Of Timeless Temple Jewellery
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National News1 minute agoCelebrate Raksha Bandhan With Timeless Keepsakes From Candere By Kalyan
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