National News
Solitario Diamonds Draws Crowds Nationwide with ‘Free Diamond’ Akshaya Tritiya Campaign
~High footfall, first-time buyers, and digital traction signal a shift in how India is engaging with diamonds~
This Akshaya Tritiya, Solitario Diamonds drew strong footfall across its stores nationwide with a “free diamond” offer for the first 101 customers at each store.
The campaign drove over 2,000 walk-ins, with more than 150 transactions recorded in a single day – marking the brand’s highest ever single-day sales. Weekend conversion rates stood at 11–12%, indicating strong buying intent.
City-level trends highlighted distinct consumer behaviour. Mumbai and Delhi together contributed nearly 40% of overall sales, while Bengaluru and Pune saw the highest number of first-time buyers. Chennai and Kolkata reflected steady, family-led purchases with a strong gifting skew.
A key takeaway from the campaign was the profile of the consumer. A significant share of buyers were purchasing a diamond for the first time, often for themselves or as gifts – pointing to a shift away from occasion-led buying towards more personal, intent-driven consumption. As one customer in Mumbai noted, “I’ve always associated Akshaya Tritiya with gold, but this was my first diamond purchase—it felt special and spontaneous.”
The campaign also delivered strong digital momentum, generating over 3 million impressions, a 2.5X spike in engagement across social media channels, and a 35% increase in website traffic during the campaign period. This year’s performance marked a step-up from last year, with a 2X increase in footfall and a 1.8X rise in conversions, alongside a visible uptick in younger consumers and first-time buyers entering the category.
Ricky Vasandani, Co-founder & CEO, Solitario Diamonds, said:

“Akshaya Tritiya has always been synonymous with gold buying. This year, we wanted to open the occasion to a new category of consumers.”
“The number of first-time buyers we saw is a strong signal that diamonds are increasingly being viewed as something more immediate and personal, rather than just legacy purchases.”
Kabir Kate, CMO, Solitario Diamonds, added,
“The idea of offering a free diamond was not just about an incentive; it was about giving people a reason to experience the brand firsthand. The scale of participation and the conversations it sparked—both in-store and online—show us that consumers today are far more open to rethinking traditional categories.”

The campaign has since emerged as Solitario’s most successful retail initiative to date, reflecting a broader shift towards accessible, experience-led luxury and a changing approach to how diamonds are being discovered and purchased in India.
National News
India’s Consul General to Dubai, Shri V V Reddy, Interacts with BDB Committee
- Visit gives CG greater insights into diamond trade and import-export operations
- BDB Committee Highlights Close Ties between Diamond Industries in UAE and India
The Hon’ble Consul General of India to Dubai, Shri Vishnu Vardhan Reddy, visited the Bharat Diamond Bourse (BDB) complex on July 24, and after being shown around the complex, engaged with members of the Bourse Committee.
The visit enabled the Consul General to gather better insights into the functioning of the diamond trade and the operations within the Bourse. He also observed the smooth functioning of import-export trade in diamonds between the two countries, facilitated by the PCCCC run by Indian Customs within the complex.
The UAE is one of India’s most significant trading partners in the field of diamonds and jewellery. Bilateral trade between the two countries reached US$33.51 billion in FY2025-26.
In addition to a tour of the complex to understand the complete cycle from the import of rough diamonds to the export of polished diamonds, Shri Vishnu Vardhan Reddy also spent time interacting with Mehul Shah, Vice President, BDB, and other Committee members.
The BDB Committee highlighted the close connections between diamond companies in Mumbai and those in Dubai, as well as the regular interactions between the two centres. They thanked Shri Vishnu Vardhan Reddy for the cooperation they have always received from the Indian Embassy and expressed confidence that this visit would further streamline the movement of import-export parcels between the two countries.
Shri Vishnu Vardhan Reddy appreciated the global standards of the infrastructure and systems within the Bharat Diamond Bourse, as well as the professionalism with which the import-export trade operates. He assured the BDB Committee of the continued support of the officials at the Indian Embassy in the UAE.
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