National News
Sky Gold & Diamonds unveils new logo, Announces India’s largest AI-driven jewellery hub
In a landmark moment for the Indian jewellery industry, Sky Gold & Diamonds, one of the country’s most reputed fine jewellery brands, unveiled its new logo and announced the ambitious launch of Sky Jewellery Park, India’s largest and most technologically advanced AI-driven jewellery manufacturing facility. The grand reveal took place at the iconic Sky Deck, Jio World Convention Centre, amid an audience of industry leaders, dignitaries, partners, and members of the media.
The new logo of Sky Gold & Diamonds marks a significant evolution in the brand’s journey — one that harmoniously blends modern sophistication with its rich heritage. The refreshed identity reflects the company’s forward-thinking ethos, underscoring its commitment to innovation, sustainability, and excellence in design and manufacturing.
The evening’s highlight was the formal announcement of Sky Jewellery Park, a pioneering manufacturing hub that is poised to revolutionize jewellery production in India. Set to span a massive 5,40,000 square feet, the facility will boast a production capacity of 4.5 tonnes per month, making it the largest of its kind in the nation.
What sets Sky Jewellery Park apart is its integration of artificial intelligence (AI) across all phases of manufacturing — from design optimization and prototyping to quality control and logistics. This marks a significant shift in the traditionally craft-driven jewellery industry, offering an unprecedented blend of automation, precision, and artisanal craftsmanship.
Speaking at the event, senior leadership emphasized how the rebranding aligns with India’s larger economic and cultural narrative, echoing the “Make in Bharat” vision that champions homegrown innovation and global competitiveness.
Mangesh Chauhan, Managing Director & Chief Financial Officer- Sky Gold & Diamonds, said, “This success story wouldn’t have been possible without the unwavering support of our stakeholders, our loyal customers, and our dedicated employees. To our customers—thank you for trusting us to be a part of your journey.To our employees—you are the backbone of Sky, and your hard work is what keeps us moving forward. And to all our stakeholders—thank you for believing in our vision and standing by us through every phase.Sky Gold & Diamonds is not just a company—it’s a family, a legacy, and a movement.”
Darshan Chauhan – Wholetime Director, Sky Gold & Diamonds, speaking at the launch said “At Sky, customer service isn’t a department—it’s our DNA. Whether it’s a boutique client or a large retailer, we treat every order with the same level of care and commitment. We believe in co-creation, understanding our clients’ vision, and helping them bring it to life with Indian craftsmanship and global appeal. Today, as we grow, we’re taking Sky Gold & Diamonds beyond borders.Our upcoming office in Dubai is a strategic step to serve our international clientele faster, better, and more personally.But we’re not stopping there—we plan to expand our global footprint, bringing Indian jewellery to every corner of the world.”
Mahendra Chauhan, WholetimeDirector, Sky Gold & Diamonds said “At Sky Gold & Diamonds, we are proud to unveil a state-of-the-art manufacturing facility that sets new global standards.Equipped with the best-in-class machinery, cutting-edge tools, and a world-class design team, this facility is built to serve every jewellery need.From precision craftsmanship to large-scale production, we ensure speed, quality, and creativity at every step. Our goal is to make Sky not just a manufacturer, but a trusted global partner.With this world-class setup, we are ready to take Indian jewellery craftsmanship to the world stage, proudly representing “Make in Bharat for the World.”
Akash Talesara, President- Sky Gold & Diamonds, said “For years, India has been seen as a traditional jewellery hub—but now, we’re rewriting the narrative. Our factory will position India as a global manufacturing powerhouse, on par with the best in the world.It’s about elevating trust, transparency, turnaround, and trendsetting—all under one roof. Whether it’s gold, diamond, studded, antique, or bridal, we’re building a platform where every category is catered to with perfection.From design to dispatch, everything will be under our control—ensuring speed, quality, and customization.”
The facility is being developed with a keen focus on sustainability, ensuring energy-efficient operations, ethical sourcing, and eco-friendly practices, aligning with global standards and consumer expectations. It will also generate substantial employment, training, and skill development opportunities for the local workforce.
The announcement of Sky Jewellery Park is not just a milestone for Sky Gold & Diamonds, but a transformative development for the Indian gem and jewellery sector. By leveraging cutting-edge AI and modern infrastructure while retaining the finesse of Indian craftsmanship, the company aims to strengthen India’s position as a global leader in jewellery manufacturing and exports.
Industry observers view this as a bold and timely step, especially as Indian jewellers face increasing demand for speed, quality, and transparency in both domestic and international markets. The Sky Jewellery Park is expected to accelerate innovation, reduce lead times, and enhance production scalability, setting new benchmarks for the industry.
As the lights dimmed on a glittering evening of celebration and vision, the message from Sky Gold & Diamonds was clear: the future of Indian jewellery is here, and it is bold, beautiful, and built with purpose. With a fresh brand identity and a game-changing AI-powered infrastructure on the horizon, Sky Gold & Diamonds is not just responding to industry evolution — it is shaping it.
National News
Value Addition Drives August Jewellery Exports as Studded Gold Jewellery Rises 51.22% to US$642.85 Million
. Gross Gem & Jewellery Exports Rise 3.14% to US$2.30 Billion in August
. Cut and polished diamond exports, in volume terms, rose by 3.23%, from 12.94 lakh carats in August 2025 to 13.36 lakh carats in August 2026, indicating early signs of renewed demand and positive momentum in the global diamond market.
India’s gem and jewellery exports continued their positive momentum in August 2026, with gross exports increasing 3.14% in US dollar terms and 12.52% in rupee terms year-on-year to US$ 2.30 billion (Rs. 21,945.87 crore), compared to US$ 2.23 billion (Rs. 19,503.52 crore) in August 2025.
A notable trend during the month was the strong performance of value-added jewellery exports. While cut and polished diamond exports remained under pressure in value terms, the volume of cut and polished diamonds exported increased from 12.94 lakh carats in August 2025 to 13.36 lakh carats in August 2026. At the same time, studded gold jewellery exports surged 51.22% in US dollar terms, indicating growing demand for finished and value-added jewellery from international markets.
This shift towards value addition is significant for India’s gem and jewellery ecosystem, as more diamonds are being incorporated into finished jewellery within the country, creating greater value across the manufacturing chain and supporting employment and economic activity.
Shri Kirit Bhansali, Chairman, GJEPC, said “August’s export performance reflects the resilience and adaptability of India’s gem and jewellery industry. The increase in diamond export volumes, along with the sharp growth in studded gold jewellery exports, highlights India’s growing ability to create greater value by transforming precious materials into finished jewellery. This marks an important step in India’s evolution from a major processing centre to a global hub for design, manufacturing and value addition. With continued policy support, innovation and access to international markets, India is well positioned to capture a larger share of value across the global jewellery supply chain.”
Plain Gold Jewellery exports declined -23.90% in US dollar terms and -17.00% in rupee terms year-on-year to US$356.97 million (₹3408.32 crore). The decline comes amid elevated gold prices and the limited availability of duty-free gold for exporters, which has increased input costs and put pressure on the competitiveness of plain gold jewellery exports.
Gold prices increased by (+)8.27% month-on-month, rising from US$ 4,073.92 per troy ounce in July 2026 to US$ 4,410.89 per troy ounce in August 2026.
For the April–August 2026 period, India’s overall gross gem and jewellery exports stood at US$ 11.47 billion (Rs. 109,023.88 crore), registering a 2.58% growth in US dollar terms and a 13.36% growth in rupee terms over the corresponding period last year, demonstrating the sector’s resilience amid continued global economic uncertainties and elevated precious metal prices.
August 2026: Product-wise Export Performance
- Gold Jewellery (Plain & Studded) exports increased 11.81% in US dollar terms and 21.96% in rupee terms year-on-year to US$ 999.83 million (Rs. 9,546.12 crore). The growth was driven by strong demand from USA, Hongkong, Singapore, UK, and France.
- Plain Gold Jewellery exports declined 23.90% in US dollar terms and -17.00% in rupee terms year-on-year to US$ 356.97 million (Rs. 3,408.32 crore).
- Studded Gold Jewellery exports surged 51.22% in US dollar terms and 64.96% in rupee terms year-on-year to US$ 642.85 million (Rs. 6,137.81 crore). The growth was driven by strong demand from USA, UAE, Hongkong, UK, and France.
- Cut & Polished Diamonds exports declined -4.93% in US dollar terms and a +3.74% growth in rupee terms year-on-year to US$ 924.51 million (Rs. 8,828.65 crore).
- In volume terms, Cut and polished diamond exports rose by 3.23%, from 12.94 lakh carats in August 2025 to 13.36 lakh carats in August 2026.
- Silver Jewellery exports declined 39.66% in US dollar terms and -34.20% in rupee terms year-on-year to US$ 86.68 million (Rs. 827.20 crore).
- Platinum Jewellery exports grew 29.09% in US dollar terms and 40.90% in rupee terms year-on-year to US$ 22.50 million (Rs. 214.94 crore). The growth was driven by strong demand from USA, UK, Netherland, and Canada.
- Polished Lab-Grown Diamonds exports grew 28.45% in US dollar terms and 40.19% in rupee terms year-on-year to US$ 125.17 million (Rs. 1,195.18 crore). The growth was driven by strong demand from Hongkong, Israel, Thailand, Russia, and Canada.
- Coloured Gemstones exports grew 34.40% in US dollar terms and 46.64% in rupee terms year-on-year to US$ 49.07 million (Rs. 468.78 crore). The growth was driven by strong demand from Thailand, Hongkong, Italy, and USA.
April–August 2026: Product-wise Export Performance
Coloured Gemstones exports declined 1.92% in US dollar terms and a +8.45% growth in rupee terms to US$ 152.61 million (Rs. 1,451.49 crore) during April–August 2026, compared to US$ 155.59 million in the corresponding period last year.
Gold Jewellery (Plain & Studded) exports increased 7.00% in US dollar terms and 18.33% in rupee terms to US$ 5.03 billion (Rs. 47,853.03 crore) during April–August 2026, compared to US$ 4.70 billion in the corresponding period last year.
Plain Gold Jewellery exports declined 11.44% in US dollar terms and -2.04% in rupee terms to US$ 2.15 billion (Rs. 20,489.39 crore) during April–August 2026, compared to US$ 2.43 billion in the corresponding period last year.
Studded Gold Jewellery exports grew 26.73% in US dollar terms and 40.16% in rupee terms to US$ 2.88 billion (Rs. 27,363.63 crore) during April–August 2026, compared to US$ 2.27 billion in the corresponding period last year.
Cut & Polished Diamonds exports declined 7.38% in US dollar terms and a +2.35% growth in rupee terms to US$ 4.52 billion (Rs. 43,000.37 crore) during April–August 2026, compared to US$ 4.88 billion in the corresponding period last year.
Silver Jewellery exports grew 35.57% in US dollar terms and 48.57% in rupee terms to US$ 594.86 million (Rs. 5,623.89 crore) during April–August 2026, compared to US$ 438.79 million in the corresponding period last year.
Platinum Jewellery exports increased 19.67% in US dollar terms and 32.08% in rupee terms to US$ 100.32 million (Rs. 953.36 crore) during April–August 2026, compared to US$ 83.83 million in the corresponding period last year.
Polished Lab-Grown Diamonds exports increased 11.76% in US dollar terms and 23.49% in rupee terms to US$ 533.67 million (Rs. 5,076.61 crore) during April–August 2026, compared to US$ 477.53 million in the corresponding period last year.
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Value Addition Drives August Jewellery Exports as Studded Gold Jewellery Rises 51.22% to US$642.85 Million
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