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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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Chitrangada Singh Inaugurates PNG Jewellers’ New Store In Gurugram

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PNG Jewellers, one of India’s leading legacy jewellery brands, has strengthened its presence in the Delhi NCR region with the launch of a new company-owned, company-operated store in R2, Ground Floor, M3M Route 65, Sector -65, Gurugram, Haryana, on August 15, 2026. Spread across 3,500 sq. ft., the new showroom has been launched in response to growing customer demand and forms part of the brand’s continued retail expansion across key markets.

The store was inaugurated by actress Chitrangada Singh in the presence of Dr. Saurabh Gadgil, Chairman and Managing Director, PNG Jewellers, employees and well-wishers. The new showroom offers customers PNG Jewellers’ comprehensive portfolio across gold, diamond and silver jewellery, bringing together all the brand’s collections across categories, under one roof. The store has been designed to cater to the diverse jewellery requirements of customers in Gurugram, including everyday wear, festive purchases, weddings, gifting and milestone occasion purchases.

Commenting on the launch, Chitrangada said:

“PNG Jewellers brings with it a legacy built on trust, craftsmanship and an enduring understanding of what customers value. As the brand enters this new market, customers here will have the opportunity to experience that legacy first-hand through its thoughtfully designed jewellery and commitment to quality. I am delighted to welcome PNG Jewellers to the region and wish the team every success in this new chapter.”

Gurugram is one of India’s most affluent and lifestyle-driven urban centres, with a strong concentration of multinational corporations, technology, consulting, finance and corporate services. Its high-income, globally exposed consumer base has developed a strong affinity for fashion, premium experiences and contemporary jewellery.

To mark the opening, customers can avail of up to 50% off on gold jewellery making charges and up to 100% off on diamond jewellery making charges from August 15 to August 31, 2026, subject to applicable terms and conditions. The introductory offers are intended to provide customers with added value while exploring the brand’s extensive jewellery portfolio.

Dr. Saurabh Gadgil, Chairman and Managing Director, PNG Jewellers Said:

“Gurugram is an important market in our national expansion journey, and the launch of our new store in Sector 65 is a direct response to the growing demand we have seen from customers in the region. With a comprehensive portfolio across gold, diamond and silver jewellery, this store will allow us to serve customers more closely while delivering the trust, craftsmanship and experience associated with PNG Jewellers.

We look forward to becoming a part of the local community and building lasting relationships with PNG Jewellers’ distinctive designs, tailored to preferences of Gurugram’s discerning customers”.

The Gurugram launch further strengthens PNG Jewellers’ retail network as the brand continues to expand into markets where customer demand for its products and services is growing. The company-owned, company-operated format enables PNG Jewellers to maintain consistency in its product assortment, customer experience and service standards while building a closer connection with local consumers.

With its growing presence across India, PNG Jewellers continues to combine its longstanding heritage with contemporary designs and evolving retail formats, strengthening its accessibility to customers across established and emerging jewellery markets.

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