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Jewellery firms cut making charges, offer lighter pieces to boost sales

Livemint

Livemint · 9m ago

Jewellery firms cut making charges, offer lighter pieces to boost sales

Jewellery makers in India are struggling to lure customers back to stores due to high gold prices. With gold prices reaching an all-time high, there are concerns that purchases during the festive season will be dampened. To counteract this, jewellery makers are offering lower making charges and focusing on lightweight pieces. Companies like Titan and Kalyan Jewellers are also increasing their gold buyback schemes and expanding their range of budget-friendly jewellery options. However, competition in the organised jewellery market is growing, putting pressure on gold rates and making charges.

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Silver jewellery, lab-grown diamonds add sparkle to Giva’s FY25 revenue

VCCircle

VCCircle · 4m ago

Silver jewellery, lab-grown diamonds add sparkle to Giva’s FY25 revenue

Giva, a silver and gold jewellery retailer backed by PremjiInvest and venture capital firms, experienced a significant revenue boost in the fiscal year ending March 31. The growth is attributed to an expanded silver jewellery portfolio and a rapid increase in retail outlets. The company's strategic focus on silver jewellery and lab-grown diamonds has contributed to its financial success, positioning it well for continued expansion and profitability in the coming years.

AI firms are hyping up threat to coders to push their model sales

Economic Times

Economic Times · 1m ago

AI firms are hyping up threat to coders to push their model sales

Anshul Ramachandran, a founding team member of AI coding platform Windsurf, argues that fears of AI replacing software developers are exaggerated by some AI firms to boost sales. He suggests companies use AI as a justification to cut staff. Windsurf is expanding in India, acknowledging the country's growing developer market. Despite AI efficiencies, Ramachandran believes human input remains crucial, anticipating increased software creation spurring further workforce investment.

Zepto cuts discounts, raises brand fees to curb cash burn

Inshorts · 2m ago

Zepto is working to rein in its cash burn and boost inflows, following months of aggressive spending aimed at scaling the business and competing better. Sources said the Bengaluru-based company has increased the commission it charges certain brands listed on the platform and cut user discounts and performance marketing.

Quick commerce apps stack up extra fees to curb losses

Economic Times

Economic Times · 1m ago

Quick commerce apps stack up extra fees to curb losses

Indian quick commerce companies are introducing fees like handling and convenience charges to boost revenue amid competition. These fees, ranging from Rs 6 to Rs 30, are in addition to delivery charges. The strategy helps improve unit economics by urging higher average order value (AOV) purchases. Despite rising costs, competition deters firms from raising delivery fees. The market is expected to grow significantly, but users discontent with hidden fees remains.

Gems, jewellery exports down 15.81 pc to USD 2,263 mn in May: GJEPC

Economic Times

Economic Times · 1m ago

Gems, jewellery exports down 15.81 pc to USD 2,263 mn in May: GJEPC

Gems and jewellery exports from India decreased by 15.81% in May 2025 to USD 2,263.42 million, as reported by the Gem & Jewellery Export Promotion Council. Imports also fell by 12.96%, largely attributed to economic uncertainties from tariffs and geopolitical tensions, affecting demand in major markets like the US and China. Cut and polished diamonds saw significant declines, while lab-grown diamonds and gold jewellery exports experienced mixed results, reflecting shifting consumer preferences and market dynamics.

Lab-grown diamond jeweller Limelight raises funding, plans IPO

VCCircle

VCCircle · 6m ago

Lab-grown diamond jeweller Limelight raises funding, plans IPO

Lab-grown diamond jewellery brand Limelight Lab Grown Diamonds Ltd, backed by Emerald Group, has secured $11 million in funding from various investors. The recent capital raise involves fund houses, broking firms, family offices, and the company's promoters. This financial boost is intended to support Limelight's plans for going public with an initial public offering (IPO), reflecting its growth ambitions and strengthening its market presence in the lab-grown diamond sector.

Priyanka Gill’s lab-grown diamond brand COLUXE raises angel funding

Entrackr

Entrackr · 6m ago

Priyanka Gill’s lab-grown diamond brand COLUXE raises angel funding Serial entrepreneur Priyanka Gill, Venture Partner at Kalaari Capital and Co-Founder of the Good Glamm Group, has launched COLUXE, a lab-grown diamond (LGD) brand. The brand has also raised funds in its angel round for an undisclosed amount. COLUXE offers contemporary designs focusing on collections built around the classic suite of jewellery, from solitaire rings, pendants, earrings, tennis bracelets & necklaces to thematic collections around the zodiac, gifting, manifestation, and the COLUXE signature pieces. According to the company, the key differentiator for COLUXE will be the technology-led focus on customisation and innovating new mechanisms allowing multi-use settings and personalisation through AI. It claims to have an easy integration across flagship stores and digital platforms. The startup plans to launch digitally in mid-2025, followed by flagship retail expansion, tapping into India's $50 billion fine jewellery market. In the lab-grown diamond space, COLUXE will compete with a clutch of firms including Fiona Diamonds, Limelight Lab Grown Diamonds, and Jewelbox. Aditya Birla-backed GIVA also offers a lab-grown diamond jewellery line.

Meet The D2C Startups Dazzling India’s Jewellery Market

Inc42 · 9m ago

Meet The D2C Startups Dazzling India’s Jewellery Market

Summary: In India, traditional retail dominates the jewellery sales market, accounting for 85% of total sales. However, direct-to-consumer (D2C) startups are leveraging the digital revolution to carve out a space for themselves in the industry. Alongside gold and diamond jewellery, categories like daily wear and fashion jewellery have gained popularity among the masses. As the festive season and wedding season approach, these startups can expect an even greater surge in demand.

Realtors Expect Rise in Housing Demand With Likely Fall in Mortgage Rate Following Repo Rate Cut

OutlookIndia

OutlookIndia · 2m ago

Realtors Expect Rise in Housing Demand With Likely Fall in Mortgage Rate Following Repo Rate Cut

The RBI's decision to cut the repo rate by 100 basis points since February, alongside personal income tax relief, is expected to boost demand for residential properties, particularly affordable and mid-income homes. The rate cut should reduce borrowing costs for homebuyers and developers, potentially increasing housing sales. With inflation controlled, the decision is seen as a positive move for the realty sector, encouraging banks to pass benefits to consumers promptly, thereby enhancing housing affordability.

Early-stage firms Firefly Diamonds, Pizza Wings, FluxGen, Irame.ai secure funding

VCCircle

VCCircle · 4m ago

Early-stage firms Firefly Diamonds, Pizza Wings, FluxGen, Irame.ai secure funding

Early-stage firms Firefly Diamonds, Pizza Wings, FluxGen, and Irame.ai have secured funding to enhance and expand their operations. Firefly Diamonds, a lab-grown diamond jewellery brand, raised $3 million to boost retail expansion and R&D. Pizza Wings, a quick-service restaurant, aims to open 50 new stores with its latest funding. Climate tech company FluxGen received Rs 28 crore to grow in India and the Middle East, while Irame.ai secured $1 million to scale its AI-driven audit intelligence platform.

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