JB Insights
Success is driven by delivering exceptional design,aspirational products, innovation, quality and service
Nirav Bhansali, CEO- Prism Jewellery, speaking to JewelBuzz, provides deep insights into the dynamics of the global and domestic diamond sector, the challenges, opportunities, consumer trends and the way ahead.


Give us a current overview of the diamond sector.
The diamond sector went through its toughest period last year. It was one of the biggest slowdowns that the industry has faced in many, many years. And that came on the back of a very robust post -COVID era of 2021 -2022. But last year was really difficult. But now we are at the bottom of the cycle in terms of demand as well as in terms of the pricing. Last two months have shown very good resilience, prices have firmed up. In fact, in certain areas, we are seeing shortages in categories like smalls and some even in bigger sizes and fancies in certain shapes., So, it looks like that we are now at the bottom and the things will improve from here on.
Comment on the Indian diamond industry scenario.
Indian diamantaires have consistently demonstrated remarkable resilience and innovation, enabling the country to dominate the global diamond trade. This success stems from their risk-taking abilities, cost efficiencies, innovative approaches, and extensive global outreach.
The Indian diamond industry continues to thrive, demonstrating resilience in the face of global trade complexities. While jewellery exports encounter challenges in certain markets due to varying import duties, the export of loose diamonds remains largely unaffected by such barriers.
As a raw material, loose diamonds face limited import duties in most countries. This favourable trade environment significantly boosts exports. The export of loose diamonds from India remains strong due to limited import duties in most countries.

What is the mantra for the diamond industry’s growth?
For consistent growth and sustainable growth in the diamond sector, I think there is only one way. We need to focus on unique designs and innovation. We need to make very aspirational products that can compete with other categories like travel, like electronics, phones, and bags, luxury products. So if our products, our marketing, and everything is very innovative world class, I think we have a great opportunity. This is the only way we can capture a bigger share of the consumers wallet.
With a renewed emphasis on design excellence and evolving consumer preferences, the Indian diamond industry is well-positioned for a strong recovery– in terms of export numbers as well as prices and inventory levels.
Comment on youth consumer segment driving demand for diamonds.
The diamond industry can look forward to sustained growth, driven by a strong demand from Gen Z and Millennial consumers. Jewellery consistently ranks among the top 2-3 aspirational items for these generations, with diamonds holding a prominent position.
Data from major markets like the USA and Europe corroborate this trend. Surveys consistently indicate that Gen Z and Millennial women, in particular, view diamond jewellery as a highly coveted possession. This generation, with their appreciation for luxury and self-expression, will continue to be a significant driver of diamond demand for many years to come.
This positive outlook reinforces the industry’s confidence in the enduring appeal of diamonds across generations.
The natural diamonds v/s LGD discussions and debates continue. Your take on this issue?
The rise of lab-grown diamonds has emerged as a significant force within the global jewellery market, prompting a shift in the industry landscape. While initially perceived as a threat, industry leaders are increasingly viewing lab-grown diamonds as a distinct market segment with immense growth potential. It is seen not as a challenge but an opportunity.
Lab-grown diamonds are not a fad; they are here to stay. they represent a significant opportunity, with the potential to surpass natural diamonds in terms of carat volume in the coming years.
The United States provides a compelling example of this trend, with lab-grown diamonds now accounting for over 50% of the jewellery market. Similar shifts are observed globally, suggesting that lab-grown diamonds will become a dominant force in the near future.
However, industry leaders emphasize that lab-grown diamonds should not be viewed as a threat to the natural diamond market. Both segments cater to distinct consumer aspirations and price points. Natural diamonds will continue to hold significant emotional value and appeal to a discerning clientele.
The Indian diamond industry is actively embracing this evolving landscape. We are not only polishing lab-grown diamonds but also actively contributing to their growth
Lab-grown diamonds are poised to become a dominant force in the global jewellery market.
The Indian diamond industry is actively embracing lab-grown diamonds as a new market segment. Both natural and lab-grown diamonds will coexist, catering to distinct consumer segments and price points. The Indian industry is well-positioned to capitalize on the growth of the lab-grown diamond market through its expertise in polishing and manufacturing.

How is technology, including AI and blockchain, transforming the Indian diamond industry?
The Indian diamond industry is at the forefront of technological innovation, leveraging blockchain and AI to revolutionize operations. Blockchain adoption has enabled end-to-end visibility into the diamond supply chain, enhancing transparency and efficiency. The industry is currently in the early stages of AI adoption (AI 1.0) but anticipates rapid advancements that will transform production, distribution, and consumer engagement.
To fully harness AI’s potential, industry leaders advocate significant investments in AI research and development, aiming to build an ecosystem that drives growth and innovation. With a proven track record in adopting new technologies, the industry is well-positioned to integrate advanced AI seamlessly, further strengthening its global competitiveness.
It is anticipated that AI will soon become an indispensable tool for all industry players, further enhancing efficiency, transparency, and overall competitiveness.
Comment on government’s support for the diamond sector
The Indian government has played a pivotal role in supporting the diamond industry, significantly contributing to its global dominance. Through close collaboration with organizations like the Gem and Jewellery Export Promotion Council (GJEPC) and other industry bodies, the government has consistently addressed the sector’s needs and swiftly resolved challenges.
The government is actively working to address the challenges faced by the jewellery sector through the negotiation of bilateral trade agreements, such as the Special Economic Partnership Agreements (SEPAs) and Free Trade Agreements (FTAs).
This proactive and supportive approach has empowered the Indian diamond industry to overcome obstacles and maintain its market leadership worldwide. Industry leaders have expressed gratitude for the government’s commitment to fostering growth and innovation within the sector
Comment on ESG, social responsibility in the Indian diamond sector
The diamond sector, especially in India, is very, very conscious towards ESG. They are very strong on environment, social governance. They look after the people, they look after the community, society. Also, charity and philanthropy is very much on the agenda.
Indian diamantaires are at the forefront of social responsibility, actively contributing to charitable causes and embracing sustainability. Major industry players, including leading site holders, are transitioning their operations into zero-carbon and green units by leveraging renewable energy from non-conventional sources.
GJEPC is championing this transformation through its “One Earth” initiative, which promotes environmental awareness across the entire gems and jewellery sector—from large retailers to small-scale manufacturers.
What’s the strategy for growth at Prism Jewellery?
At Prism, we prioritize exceptional design and uncompromising quality, placing both at the core of our mission. Our commitment to creating distinct, innovative, and aspirational products is fuelled by cutting-edge technology and a relentless focus on delivering superior quality and service to our customers worldwide. We envision a bright future for Prism and the Indian diamond sector in the years ahead.
Whether natural or lab-grown, success in this industry ultimately hinges on delivering exceptional design, innovation, quality, and service. With this focus, Prism is well-positioned to capture a significant share of this thriving market, driving growth and success in the decade ahead.
What is in store for the diamond sector and the GJ industry? Provide us an outlook for the diamond sector.
The Indian market is a driving force in this category, with gems and jewellery contributing 10% to India’s GDP and growing at an annual rate of 10%. This robust momentum is expected to sustain for years to come, supported by the rapid opening of new stores and growing investor confidence. Successful IPOs and significant interest from private equity firms underline the sector’s vitality. Easy access to capital, coupled with innovation and consumers’ enduring preference for jewellery, makes this a golden period for the industry.
Across the broader gems and jewellery sector—including gold, silver, diamond-studded, and lab-grown categories—every segment holds immense potential and growth opportunities in the Indian market. Globally, while the growth pace is more modest, markets like the U.S. continue to expand steadily by 2-3% annually on a large base. This global demand highlights the enduring appeal of jewellery, even in a crowded luxury landscape.
Experts anticipate a robust year ahead, marked by higher export numbers, improved prices, and better inventory management, reinforcing India’s leadership in the global diamond sector.


JB Insights
Why Gold Loans Are Becoming So Popular in Rural India
Gold and silver trade range-bound as markets await Powell’s Jackson Hole speech for policy cues. With a 75% chance of a September cut, geopolitical tensions over Russia-Ukraine dampen optimism.


By Priyank Kothari Director, Arvog
In many parts of rural India, gold isn’t just a metal it is a quiet kind of financial security. Families don’t always have fixed deposits or savings accounts, but they’ll have gold jewellery tucked away in steel boxes or cloth pouches, brought out only on special occasions or during times of trouble.
For generations, gold has been used as a safety net. But what’s changed in recent years is how people are starting to use that gold. Instead of selling it to raise funds, more rural families are now turning to gold loans a trend that’s gaining strong momentum in villages, small towns, and semi-urban areas across the country.
A Familiar Asset in Every Household
Walk into any rural home whether in Maharashtra, Tamil Nadu, Uttar Pradesh, or Assam and chances are, you will find some amount of gold. It may be a pair of bangles gifted during marriage, a gold chain bought after a good harvest, or earrings passed down from a grandmother.
People may not always have ready cash, but gold is there. What’s changing now is how people are thinking about that gold. Instead of letting it sit idle, they’re realising Why not use it when we need money and keep it?
A Straightforward Process, No Headaches
Traditional bank loans can feel out of reach for many in rural areas. The paperwork, the need to show income, or the insistence on a credit score most of it doesn’t match how rural people earn or live.
Gold loans are different. The process is quick, the documents are minimal, and the money is often in your hand within an hour. For someone who needs ₹20,000 to buy seeds before the rain hits, or Rs 50,000 for a daughter’s medical treatment that kind of speed matters.
A Practical Choice for Everyday Needs
What makes gold loans even more appealing is how flexible they are.
There are no questions about what the money will be used for. It could go towards repairing a tractor, paying school fees, stocking up a Kirana shop, or buying new cows the lender doesn’t ask. And that freedom to use the loan as needed gives borrowers a sense of control.
You’re not being judged, questioned, or made to feel small. You walk in with something you own i.e. Gold and get something you want i.e. Money.
A Better Alternative to Local Moneylenders
In many villages, people still turn to moneylenders in a crisis. It’s what they have always done. But with interest rates as high as 7 to 10% per month, those loans can become traps.
Gold loans, by contrast, are far more affordable. Many NBFCs offer gold loans at annual rates starting from 12–14%. That’s a massive difference, especially when you’re repaying over several months.
Slowly, people are beginning to understand the difference and more importantly, they are seeing that formal lenders are not just for the city folk anymore.
Trust Has Been Built And That Matters
Earlier, there was fear. What if they steal our gold? What if it comes back damaged?
These concerns kept many away. But over time, with better communication, more transparency, and the presence of known lenders in rural areas, trust is being rebuilt.
The gold is stored securely, often in vaults with CCTV and biometric access. And importantly, people now get their gold back as safe, untampered, and intact.
Better Awareness, Better Reach
From WhatsApp videos to loudspeaker announcements, from local working staff to self-help groups awareness about gold loans is spreading fast.
And it’s not just awareness it’s access, too. NBFCs and banks are setting up small branches in tier-3 towns and villages, offering doorstep services in some places. Women, who traditionally handle gold in many households, are now more comfortable stepping into branches or talking to local representatives.
The comfort level has gone up. What was once seen as a last resort is now considered a smart way to raise money when needed without getting into long-term debt or selling valuable assets.
Nowadays people don’t want long-term, complicated loans. They want short term, flexible loans that can be paid back when the cash comes in and that’s exactly what gold loans offer.
Loan terms can be 3, 6, or 12 months. Repayment can be done in one go (bullet payment) or in EMIs. It fits the rhythm of rural life, without disrupting it.
The rise of gold loans in rural India is not just a financial trend. It reflects a deeper shift in how rural families think about credit, control, and dignity.
For many rural families today, a gold loan isn’t a last resort it’s the first smart step in solving a problem without losing what matters.
GlamBuzz
PNG Jewellers Charts Historic Expansion Beyond Maharashtra with Indore Debut by Madhuri Dixit
The new store will showcase PNG Jewellers’ most celebrated collections, such as Saptam, Katha, Polmi, and Eiina, blending heritage with contemporary elegance.

PNG Jewellers, one of India’s most trusted and iconic jewellery brands with a 192-year-old legacy in Maharashtra, proudly embarked on retail expansion outside their native state with the grand launch of their first store in Indore, Madhya Pradesh, on 23rd August 2025. The new store marks an important milestone in the brand’s nationwide expansion journey.
The grand launch was inaugurated by beloved film star Madhuri Dixit, who shared her delight at being part of the brand’s historic moment. She said, “PNG Jewellers has always represented trust, tradition, and timeless beauty. It is truly special to inaugurate this store in Indore and witness the brand bring its legacy and craftsmanship to yet another vibrant city.”

Speaking about the launch, Dr. Saurabh Gadgil, Chairman and Managing Director, PNG Jewellers, said, “This opening is an emotional milestone for us as we move beyond Maharashtra into a city that resonates deeply with our values. Indore, with its rich cultural heritage and refined aesthetic sensibilities, shares many similarities with Maharashtra. In fact, through this expansion, we are retracing the historic Peshwa route that once connected our regions. For us, entering Indore is not only a strategic business move but also a heartfelt homecoming of sorts.”
Located at MG Road, the new store will showcase PNG Jewellers’ most celebrated collections, blending heritage with contemporary elegance. Customers can explore a wide range of gold, diamond, and silver jewellery and artefacts that reflect both traditional artistry and modern designs.
To celebrate the launch, PNG Jewellers has announced a special inaugural offer: Flat 50%* off on gold and diamond jewellery making charges. The offer is valid from 23rd August to 6th September 2025 across all product categories available at the new store.
With this launch, PNG Jewellers enters a market renowned for its legacy of fashion, design, and jewellery craftsmanship. Indore, once the capital of the Holkar dynasty, provides the perfect stage for PNG’s expansion, a city where royal traditions meet modern aspirations, much like PNG’s own ethos of combining family trust with the professionalism of a listed corporate brand.
New Premises
Aspect Bullion Expands Retail Presence with Second Flagship Store
Aksha Kamboj and Vikas Oberoi to lead unveiling at Sky City Mall, Borivali, August 28, 2025

Aspect Bullion & Refinery, a premium gold and silver coins and bars bullion brand under Aspect Global Ventures, will unveil its second Flagship Store at Sky City Mall, Borivali on August 28 2025. The high-profile launch will be led by Aksha Kamboj, Vice President of India Bullion & Jewellers Association (IBJA) and Executive Chairperson of Aspect Global Ventures along with Chief Guest Vikas Oberoi, Chairman & Managing Director of Oberoi Realty. The store is a milestone designed to elevate bullion retail by combining heritage craftsmanship, advanced technology, and a luxury shopping experience.
Positioned as a pioneer, Aspect Bullion recently introduced India’s one-of-its-kind smart Bullion Vending machines for gold and silver coins and bars allowing purchases that are secure, instant, and transparent, setting new benchmarks for innovation in Bullion retail.

“Aspect Bullion isn’t just expanding; we’re reimagining how India experiences bullion. Our boutique store will showcase the finest bullion with a focus on design, trust, and accessibility making gold and silver retail as aspirational as luxury retail itself. The Borivali launch marks a significant step towards that vision.” Says Aksha Kamboj.
As a part of its long-terms growth strategy, Aspect Bullion plans to expand into key cities and target malls, airports and even spiritual destinations soon, creating a premium network of boutiques and vending touchpoints to make bullion investment accessible like never before.
Industry experts note that India’s gold and silver bullion market is poised for unprecedented growth, and Aspect Bullion is positioning itself to be a leader in this evolving landscape; marrying traditional trust with modern innovation.
-
National News6 hours ago
Senco Gold & Diamonds unveils Ganesh Chaturthi New Designs & Offers to celebrate the festival of birthday of Lord Ganesha
-
BrandBuzz2 hours ago
THIS ONAM, CELEBRATE ABUNDANCE WITH THE TIMELESS BEAUTY OF PLATINUM
-
BrandBuzz2 hours ago
Celebrate Ganpati with Nishani Studio’s KiraKira Collection
-
BrandBuzz4 hours ago
Tryst Collection: Where Bold Geometry Meets Timeless Elegance The Zen Diamond