Jewellery

The gems and jewellery industry in Gujarat, a cornerstone of India’s export economy, is facing heightened uncertainty following the U.S. government’s decision to raise tariffs on select imports. As the United States remains one of the largest markets for Indian diamonds and jewellery, industry leaders warn that the increased duties could dampen demand, reduce profit margins, and disrupt supply chains.

Leading Indian online jewellery retailer BlueStone has officially announced plans for an Initial Public Offering (IPO), signaling its entry into the public markets. With a growing digital presence and robust revenue performance, the brand aims to leverage public funding to expand its operations, enhance technology platforms, and strengthen supply chain capabilities. The IPO is expected to attract attention from both retail and institutional investors seeking exposure to India’s thriving jewellery market.

BlueStone Jewellery, one of India’s most prominent omni-channel jewellery retailers, entered the stock market with high anticipation but faced a muted response on its debut. Despite strong brand visibility and investor interest during the initial public offering (IPO) phase, the company’s shares opened below expectations, reflecting cautious investor sentiment amid volatile market conditions.

Gemological Science International (GSI) reaffirmed its standing as a trusted authority in gem and jewellery certification at the India International Jewellery Show (IIJS) Premier 2025. By showcasing its cutting-edge grading expertise and advanced technology-driven services, the institute strengthened its role as a critical partner for India’s thriving jewellery industry. The event highlighted GSI’s ability to enhance consumer trust, ensure authenticity, and support the nation’s growing position as a global hub for jewellery manufacturing and exports.

Ashapuri Gold Ornament Ltd. has made a significant mark at the India International Jewellery Show (IIJS) Premier 2025, securing orders worth Rs. 102 crore. The achievement underscores the company’s strong market presence and growing brand equity in the jewelry sector. The orders, driven by robust demand across domestic and international buyers, reaffirm Ashapuri Gold’s ability to combine design excellence with quality craftsmanship.

BlueStone Jewellery has raised Rs. 693 crore from a select group of institutional investors ahead of its upcoming initial public offering (IPO). The fresh capital is aimed at accelerating the company’s growth strategy, which includes expanding retail presence, enhancing its digital platform, and investing in supply chain efficiencies. The funding round reflects strong investor confidence in BlueStone’s business model and its position in India’s growing jewellery market.

Kalyan Jewellers has reported a robust performance for the first quarter of the fiscal year, registering a 48% year-on-year jump in profit after tax, reaching Rs. 264 crore. The company’s strong earnings were driven by healthy demand across its core markets, new store additions, and a continued shift toward organized retail in the jewellery segment. With a sustained focus on operational efficiency and expansion, the brand has positioned itself to capture growing consumer interest, particularly in the premium and wedding jewellery segments.

BlueStone Jewellery, one of India's prominent omni-channel jewellery retailers, is poised to launch its highly anticipated Initial Public Offering (IPO) on August 11. The company has set a price band expected to value it around Rs. 45 billion. Backed by marquee investors and leveraging its expanding digital and retail footprint, BlueStone plans to use the proceeds to fuel store expansion, enhance brand visibility, and strengthen its supply chain.

Malabar Gold & Diamonds has reached a significant milestone by launching its 400th showroom in Noida, Uttar Pradesh, reinforcing its status as one of the world’s largest jewellery retailers. With operations spanning 13 countries and a current annual turnover of Rs. 63,000 crore, the company now aims to increase its revenue to Rs. 78,000 crore by March 2026. The Kerala-based firm plans to open 60 new showrooms this fiscal year and expand into 15 countries, 22 Indian states, and three Union Territories. Backed by a Rs.

Zen Diamond, a global diamond jewellery powerhouse with over 450 stores in 20 countries, is setting its sights on India as a major growth frontier. The company aims to open 100 retail outlets across the country by 2030, beginning with metropolitan areas and gradually expanding into tier-II cities. Backed by an initial Rs. 100 crore investment through internal accruals, Zen Diamond is also launching an e-commerce platform, aligning with omnichannel retail strategies.