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Solitario Expands Global Footprint In The Maldives, Partners With Essence Retail To Redefine Luxury In The Tropics

Sustainable Luxury Brand Enters Maldives With Lab-Grown Diamonds, Launching Across Ppremium Resorts and Retail Network

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Solitario, a sustainable luxury jewelry brand, has entered the Maldives, marking its eighth international market. The brand has partnered with Essence Retail, the Maldives’ largest retail chain founded by Sanjay Singh, to introduce its lab-grown diamond collections across the island nation’s luxury retail network.

The grand launch took place at Hulhule Island Resort (HIH), where the brand was unveiled by Ricky Vasandani, Founder, Solitario, along with Gautam Budhrani, Gautam Budhrani and Anveya Jewels’ strategy and Growth Partner, Solitario, and Sanjay Singh, Founder of Essence Retail Maldives, in the presence of esteemed guests and dignitaries.

With a philosophy rooted in sustainability, Solitario enters the Maldivian market with its ethos of creating “diamonds that honor and complement the earth and the ocean.” The brand’s lab-grown diamonds reflect a commitment to eco-conscious luxury, aligning seamlessly with the Maldives’ pristine natural environment.

As part of its initial expansion phase, Solitario will establish a strong presence through Essence Retail’s extensive shop-in-shop network across some of the Maldives’ most prestigious resorts and islands. The rollout includes Hulhule Island Resort (HIH), followed by key luxury destinations such as Taj Exotica, Siru Fen Fushi Private Island, Ozen Reserve Bolifushi, and JW Marriott, among others.

The first phase will culminate with the launch of a flagship Solitario boutique at Marina CROSSROADS—a 1,200 sq. ft. duplex space positioned as the centerpiece of the brand’s Maldivian presence.

Building on this momentum, the brand has already outlined its Phase 2 expansion, which will include the addition of 15 more shop-in-shop locations along with a second flagship exclusive brand outlet, further strengthening its foothold in the Indian Ocean luxury market.

Speaking on the launch, Ricky Vasandani, Founder, Solitario, said,

“Our expansion into the Maldives is more than just a business milestone; it is a celebration of nature. By bringing Solitario to these pristine islands, we are offering a product that aligns with the environmental consciousness of the Maldives itself.”

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New Premises

ICA-GemLab To Open India’s First Gemological Laboratory In Surat

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The new laboratory will provide the testing & reporting services for diamonds, coloured gemstones & jewellery.

  • The new laboratory will provide testing services closer to the manufacturing & trading stages of the jewellery supply chain, before products reach consumers.
  • The facility is part of ICA-GemLab’s strategy of providing direct access to its services in key sourcing & trading markets.
  • The Surat laboratory will issue three types of reports, namely Diamond Reports, Coloured Gemstone Reports & Jewellery Reports.
  • The services will be available to manufacturers, wholesalers, traders, retailers, jewellery brands, designers, industry professionals & consumers.

ICA-GemLab, an internationally recognised organisation specialising in diamonds, jewellery and coloured gemstones, will open India’s first new gemological laboratory in Surat, Gujarat in October. The laboratory will provide the testing and reporting services for diamonds, coloured gemstones and jewellery.

Surat is one of the world’s major centres for diamond and jewellery manufacturing and trade. The new laboratory will provide testing services closer to the manufacturing and trading stages of the jewellery supply chain, before products reach consumers. The facility is part of ICA-GemLab’s strategy of providing direct access to its services in key sourcing and trading markets.

The Surat laboratory will be ICA-GemLab’s first facility in the Indian subcontinent. It will be connected to the organisation’s headquarters in Bangkok and its existing offices in Dubai and Hong Kong.

ICA-GemLab is affiliated with the International Colored Gemstone Association (ICA), a trade body representing the coloured gemstone industry. The Surat laboratory will operate in accordance with the reporting standards and professional practices followed across the ICA-GemLab group.

ICA-GemLab India will be led by Kalpesh Desai as Director. Speaking about the new laboratory, Desai said:

“India has a significant share of the world’s diamond processing, with Surat being one of its key centres. Our aim is to provide direct access to our internationally established analytical methods and reporting standards to manufacturers, traders, retailers, designers and consumers.”

He added, “We are working with a long-term plan. Our aim is to provide reliable gemological information, documented methodologies and analysis that can help traders and consumers make decisions based on appropriate information.”

Amira Hatta, Managing Director, ICA-GemLab Global, said:

“India is one of the most important markets in the global gems and jewellery industry. Opening a laboratory in Surat will bring our analytical capabilities directly to this market, so that customers will have access to our services closer to where they operate.”

The Surat laboratory will issue three types of reports, namely Diamond Reports, Coloured Gemstone Reports and Jewellery Reports. The services will be available to manufacturers, wholesalers, traders, retailers, jewellery brands, designers, industry professionals and consumers.

ICA-GemLab is headquartered in Bangkok and has offices in Dubai and Hong Kong. The laboratory also has a partnership with Sri Lanka’s National Gem & Jewellery Authority, through which testing capabilities are made available in the country. The upcoming facility in Surat marks the latest step in its expansion.

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