Bluestone, omnichannel jewellery retailer is poised to join the unicorn club, with discussions underway to secure approximately $100 million in a pre-IPO funding round. The anticipated valuation exceeds $1 billion, a significant leap from its previous valuation of $450 million in September 2023, according to sources familiar with the matter
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The International Gemological Institute (IGI) has unveiled a dazzling 75.33-carat square-emerald cut lab-created diamond, capturing the world’s attention as the largest of its kind to date. Crafted through chemical vapor deposition (CVD), this magnificent gem took approximately 270 days to grow from a rough 190-carat stone and an additional 30 days for precision cutting and polishing. This extraordinary diamond was conceived by Ethereal Green
Kalyan Jewellers India Ltd. announced the signing of the definitive agreement with Rupesh Jain, Founder of www.candere.com (Enovate Lifestyles Pvt. Ltd) to acquire his residual 15% in Candere, a subsidiary of Kalyan Jewellers. This stake acquisition for consideration of Rs. 42 crore will result in Candere being a wholly owned subsidiary of Kalyan Jewellers, as it pivots from e-commerce to Omni channel commerce. Kalyan Jewellers had acquired a majority stake in the company in 2017 as part of its foray into the e-commerce business. Candere recorded an annual revenue of Rs. 130.3 crore in FY2023-24
De Beers Group today reported on progress towards its ‘Building Forever’ sustainability goals, with key highlights including achieving a target to engage 5,000 women and girls in STEM (science, technology, engineering and mathematics) two years early, agreeing to establish a flagship Diamonds For Development Fund in Botswana, progressing key renewable energy projects in support of recently-validated science-based emission reduction targets, and scaling the development of Tracr, the pioneering diamond traceability platform
PNG Jewellers, a legacy brand known for its tradition and excellence in jewellery craftsmanship, launched its newest “LiteStyle” store, located on JM Road, Shivajinagar, Pune. The 500 Sqft store is specifically launched for light weight jewellery in gold, diamond and silver. This outlet also marks the brand expanding its footprints in the lightweight lifestyle jewellery with their second LiteSyle jewellery store
GRT Jewellers’ Wedding and Celebration Collection shines a spotlight on weddings, showcasing masterful craftsmanship and innovative techniques. The latest collection captivates with its stunning array of masterpieces crafted from gold, diamond, platinum, silver, and precious gemstones
PNG Jewellers has once again been honored as a Great Place to Work, marking the third consecutive year of this prestigious recognition. This milestone is a testament to the unwavering hard work and dedication of every team member, creating an environment where everyone feels valued and motivated
GJC NextGen organised the first of its kind one-day seminar to educate Indian jewellers about the benefits in jewellery exports under the Comprehensive Economic Partnership Agreement (CEPA) with the UAE. The seminar organised on Wednesday, 29th May 2024, at Hyatt Regency Dubai, and was attended by over 100+ jewellers from across India and prominent importers from the UAE
Hunger-Free World’, the ongoing CSR programme by Malabar Group to provide nutritious daily meals to the needy, will be expanded to cover more people and cities. At present, as many as 31,000 food packets are distributed under the ambitious programme, initiated to support the United Nations’ Sustainable Development Goal 2 – Zero Hunger. As part of scaling up, 51,000 nutritious food packets will now be distributed.
KISNA Diamond & Gold Jewellery continues its strategic expansion with the opening of its exclusive showroom in Paschim Vihar, New Delhi. This launch marks KISNA’s 6th exclusive showroom in New Delhi and 28th across India. This new showroom highlights KISNA’s dedication to broadening its reach and making its exquisite diamond and gold jewellery more accessible to its valued customers. The event was honoured by Mr. Ghanshyam Dholakia, Founder & M.D, Hari Krishna Group along with Mr. Parag Shah, Director, KISNA Diamond & Gold Jewellery