Jewellery

Kalyan Jewellers reported a sharp 42% year-on-year increase in consolidated revenue for the third quarter, reflecting strong consumer demand, festive season tailwinds, and continued expansion across domestic and international markets. The performance was supported by higher footfalls, improved same-store sales, and steady traction in its Middle East operations. The company’s focus on brand-led retailing, transparent pricing, and disciplined cost management also contributed to the strong topline growth.

Deepa Jewellers has announced plans to raise Rs. 250 crore through a fresh issue of shares, marking its entry into the capital markets. The proposed initial public offering is aimed at supporting business expansion, enhancing working capital, and reinforcing the company’s financial position. Operating in a sector driven by branding, trust, and scale, the jeweller is seeking to tap investor interest in organized retail and discretionary consumption.

India is set to chair the Kimberley Process for the third time, reaffirming its growing influence in shaping global standards for the ethical diamond trade. The appointment highlights India’s central role in the international diamond ecosystem, spanning cutting, polishing and trade. As chair, India will steer discussions on strengthening compliance, improving transparency and addressing emerging challenges in preventing conflict diamonds from entering legitimate supply chains.

Shree Ramkrishna Exports, a prominent player in the textiles and diamond trading industry, has announced its entry into the pharmaceutical sector, signaling a strategic diversification move. The company plans to leverage its financial strength, operational expertise, and market networks to establish a foothold in healthcare manufacturing and distribution. Analysts note that this expansion aligns with India’s growing domestic and global pharma demand, offering potential for significant revenue growth.

Senco Gold, one of India’s leading jewelry brands, has announced plans to expand into the Gulf region, with a strategic focus on Saudi Arabia. This move is part of the company’s broader international growth strategy aimed at tapping high-net-worth consumer segments and diversifying revenue streams. The Gulf market, known for its strong gold consumption and appreciation for premium craftsmanship, presents an attractive opportunity for Senco Gold to strengthen its global footprint.

The silver jewellery industry in India is embracing digital traceability through hallmarking, marking a significant step toward transparency and consumer protection. Under this initiative, each piece of silver jewellery will carry a unique digital identification, enabling verification of purity, authenticity, and origin. The move aims to strengthen trust in the market, curb counterfeit products, and modernize the supply chain.

Shringar House, a leading Indian beauty and personal care retailer, has launched its initial public offering (IPO), marking a strategic move to raise capital for expansion and strengthen its market presence. The IPO is priced in the range of Rs. 680–Rs. 700 per share, aiming to raise approximately Rs. 250–300 crore. The funds will support retail network expansion, digital initiatives, and brand development.

The United States’ imposition of higher tariffs on gems and jewellery imports is set to weigh heavily on India’s export-driven sector. As one of the world’s leading suppliers of cut and polished diamonds, gold jewellery, and precious stones, India relies significantly on the American market for foreign exchange earnings. The tariff hike, aimed at addressing trade imbalances and protecting domestic industries in the US, could dampen demand for Indian products by making them less competitive.

India’s diamond industry, a global leader in cutting and polishing, is facing significant revenue pressure due to fresh tariff measures imposed by the United States. The levies, targeted at imports from India, threaten to erode profit margins and dampen export volumes in one of the country’s most valuable foreign-exchange-earning sectors. With the U.S. accounting for a large share of polished diamond demand, industry leaders warn of declining competitiveness and potential job losses.

India’s gems and jewellery sector, a cornerstone of the country’s export economy, faces mounting challenges following the United States’ decision to impose higher tariffs on imported ornaments and precious items. As the U.S. remains one of India’s largest markets for cut and polished diamonds, gold jewellery, and handcrafted ornaments, the tariff escalation threatens to erode the sector’s competitiveness.