Ashok Sonthalia, Titan's CFO, shared insights on the potential impact of the lab-grown diamond segment on the company's business and Titan's strategy concerning this emerging market. He noted that while the lab-grown diamond market has gained significant traction in America, particularly in the bridal ring segment, its growth in the European market has been less pronounced. In India, some new brands have entered the lab-grown diamond segment, leading to a rapid decline in prices. However, despite the price decrease, consumer acceptance of lab-grown diamonds remains relatively low. Sonthalia emphasized that Titan's business has yet to feel any significant impact from the lab-grown diamond segment but acknowledged the importance of closely monitoring this development as lab-grown diamonds emerge as a segment within the jewellery industry. Watch: https://lnkd.in/gt4J_KNQ | #ashoksonthalia #labgrowndiamond #diamonds #titanq4results #businessnews
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Co-founder & Director - True Diamond (Lab Grown Diamond Jewellery) | Ex. Chief Marketing Officer & Online Business Head at BEARDO | Ex-Marico | ex L'Oreal
Industry News Alert! Did you catch the latest buzz? Lab-grown diamonds are not just the future – they're the NOW! As featured in The Economic Times, lab-grown diamonds are causing a seismic shift in the global diamond jewelry market, and we at True Diamond intend to lead this revolution. The spotlight is shining brightly on these ethically sourced, cost-effective gems, especially in Mumbai, the heart of the diamond trade. What sets these dazzling lab-grown beauties apart? Well, aside from their striking sparkle, they boast a clean record and come with a price tag that's less than quarter of their mined counterparts. Talk about a win-win! So, why wait for the future when you can embrace the brilliance of lab-grown diamonds right now? Whether it's for a special engagement ring or a statement piece of jewelry, these True Diamonds offer unparalleled beauty with a conscience. #LabGrownDiamonds #DiamondIndustry #SustainableLuxury #EthicalFashion #theeconomictimes #news #inthenews
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The once-booming trend of lab-grown diamonds is seeing a significant shift as the jewelry industry returns its focus to natural diamonds. Despite their initial popularity and the endorsement of celebrities like Emma Watson and Meghan Markle, lab-grown diamonds are losing their luster. Paul Zimnisky, a prominent diamond analyst, forecasts a decline in the business of lab-grown diamonds, with jewelers ramping up their emphasis on natural diamonds. Retailers such as Walmart and Pandora have made lab-grown diamonds more mainstream, leading to a steep price drop. Predictions suggest a further decline of 50%-80% in the coming year. The affordability and size of lab-grown diamonds initially made them attractive, allowing consumers to purchase large stones at a fraction of the cost of natural diamonds. However, their widespread availability has diluted their appeal. Natural diamonds are regaining their status as the preferred choice for their rarity and enduring value. While lab-grown diamonds will still hold some market share, their growth is expected to slow significantly. For jewelers and consumers who value the unique qualities of natural diamonds, this shift represents a return to tradition and authenticity. Stay informed about industry trends to navigate these changes effectively and make informed decisions in the jewelry market. #RasikSalla #RasiklalSalla #RasikSallajeweller
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August Market Insights: While summer months are typically slow for the diamond industry, August surprised us with strong demand for jewelry, particularly in the U.S. The IIJS show in India saw great footfall, adding momentum to the global market. Notably, U.S. engagement sales saw a significant rise, with lab-grown diamonds making up 60% of the market—an exciting shift for the industry. While the Rapaport price saw a reduction, it had little effect on lab-grown diamond jewelry. We've also seen strong demand and price increases for smalls like melees and +11s, driven by jewelry orders. The month has been a testament to the growing strength of lab-grown diamonds. 💎 See you next month for more insights! Arnav Mehta | Achal Mehta #marketinsights #labgrowndiamonds #starblue
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Sky Gold- Q4 FY 2024 >Sky Gold limited started his journey 18 years back and emerged as a leading Mumbai based jewelry manufacturer specializing in designing, manufacturing and marketing of executive gold jewelry. >With a design team of 50 plus jewelry designers. >Aim to achieve revenue of 1700 Crore in FY 24 and 5000 Crore crores over next 3 years. >Contribution from International Exports was 3% in FY 23 and management aims to make it 30% from international business in next 3 years. >Revenues up by 90% in Q4 FY 24 vs Q4 FY 23. >Revenues up by 51.2% in FY 24 vs FY 23. >Operating margin stable at 4%. >PAT up by 116% in FY 24 vs FY 23. #Equity #Finance #Stockmarket #Investing
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What are some industry trends affecting the diamond market, especially the 2 largest markets in China and the U.S.? The latest De Beers Diamond Insight Report reveals significant trends and opportunities shaping the global diamond industry. In China, despite declining marriage rates, bridal jewelry remains a significant segment, accounting for 27% of China's diamond market in 2022. In the U.S., Gen Z doubled their share of diamond jewelry acquisitions, signaling their rising impact on luxury markets. Read more for 10 key takeaways from the report: https://lnkd.in/daDR9K_E #diamond #jewellery #industry #insights #china #usa
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It’s truly rewarding 🚀when a client finds real value in your product and shares such great feedback! 💎 At Liquid Diamonds, we’re committed to making diamond sourcing seamless and efficient. Hearing success stories like this keeps us motivated! Check out this testimonial from one of our satisfied clients. #SuccessStory #DiamondSourcing #LiquidDiamonds
Our innovative solutions have helped many leading jewelry manufacturers streamline their operations and access the long tail of supply. Here’s one such case study that showcases the impact and how Liquid Diamonds can help you transform your diamond-sourcing experience: https://lnkd.in/d6kK4-Wa #LiquidDiamonds #DiamondMarket #DiamondSellers #SuccessStory #DiamondWholesalers
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A New Dawn for Indian Jewellers: A Journey from Tradition to Triumph The Indian gem and jewellery industry is witnessing a remarkable transformation. Once dominated by tight-knit family businesses that kept their stories behind closed doors, today, jewellers are stepping into the spotlight, sharing their journeys with pride. This shift marks a significant and welcome change for an industry traditionally steeped in secrecy. The emergence of these voices signals a new era—one of openness, innovation, and professionalism. In the past, the jewellery business was often associated with operational opacity and occasional financial scandals. But today’s jewellers are writing a different story, one defined by professionalization and operational excellence. This shift has not only enhanced internal efficiencies but has also unlocked significant value for all stakeholders, from employees to investors. Wealth creation, once concentrated within family circles, is now being shared more broadly, thanks to a focus on modern business practices and governance. The proof of this transformation is visible in the stunning performance of family-managed public companies such as Thangamayil, Kalyan Jewellers, and Senco Gold & Diamonds. These companies, now listed on stock exchanges, have posted stellar results in recent years, with their share prices growing exponentially. This surge reflects a new level of investor confidence and signals a broader recognition of the industry’s potential. Gone are the days when the sector was mired in scandal—today, it shines brightly as a beacon of opportunity and growth. Business storytelling has played a crucial role in this success. By sharing their stories with transparency and authenticity, Indian jewellers have connected with a wider audience, building trust and enhancing their brand value. The recent success of P N Gadgil Jewellers Limited's Initial Public Offering (IPO) is a stellar example of this narrative-driven approach. As more companies follow this path, we are likely to see even greater value unlocked in the years to come. Inspired by this recent IPO success, I decided to create this video using footage I already had. I hope it resonates with all of you, shedding light on the incredible journey of Indian jewellers from tradition-bound businesses to thriving public entities. Their stories are worth celebrating, and I believe they hold lessons for anyone interested in business, growth, and transformation. #businessstorytelling#IPO#Jewellery Kalyan Jewellers Thomas ScariaPNG JewellersSaurabh GadgilNidhi JainThangamayil Jewellery LimitedSenco Gold and DiamondsVivek Anand OberoiSolitario DiamondsSOLITARIOKabir Kate
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: 💎 India’s Jewelry Revolution: Why Corporate Giants Are Chasing Gold! 💎 You won’t believe this: the world’s oldest, most traditional market is getting a MASSIVE corporate makeover! 👑✨ 🚨 Big players like Tata’s Tanishq and Reliance Jewels are diving into India’s jewelry scene. But why? 🤔 💥 Here’s what’s happening: 🔸 A $75 billion opportunity shining brighter than ever! 🔸 A wave of millennial & Gen Z shoppers looking for modern, everyday jewelry. 🔸 Digital-first shopping: from gold to diamonds, it’s all going online now. 🔸 Trust issues? Say goodbye! Big brands are bringing transparency and reliability. What’s next? Indian jewelry going global! 🌏 Curious about how these corporate giants are shaking up the game? 🎯 Click the article below to discover how they’re turning gold into more than just a fashion statement. It’s becoming the future of business! 🚀 #JewelryRevolution #LuxuryJewelry #BigBrands #IndianMarket #CorporateGoldRush #Tanishq #RelianceJewels #BusinessInnovation #JewelryTrends TANISHQ JEWLLERYS | Kalyan Jewellers India Limited | ORRA Fine Jewellery 👇 Click here to dive into the story that everyone’s talking about! 👇
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Can Kalyan Jewellers Replicate Titan’s Success Story? A Deep Dive into the Jewellery Industry's Dynamics #JewelleryIndustry #DiamondAndGold #TitanVsKalyan #JewelleryBusiness #TitanSuccessStory #KalyanJewellers #InvestmentAnalysis #HighCapitalInvestment #ProfitMargins #JewelleryMarketIndia
Can Kalyan Jewellers Replicate Titan’s Success Story? A Deep Dive into the Jewellery Industry’s Dynamics | FinBrook
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Can Kalyan Jewellers Replicate Titan’s Success Story? A Deep Dive into the Jewellery Industry's Dynamics #JewelleryIndustry #DiamondAndGold #TitanVsKalyan #JewelleryBusiness #TitanSuccessStory #KalyanJewellers #InvestmentAnalysis #HighCapitalInvestment #ProfitMargins #JewelleryMarketIndia
Can Kalyan Jewellers Replicate Titan’s Success Story? A Deep Dive into the Jewellery Industry's Dynamics #JewelleryIndustry #DiamondAndGold #TitanVsKalyan #JewelleryBusiness #TitanSuccessStory #KalyanJewellers #InvestmentAnalysis #HighCapitalInvestment #ProfitMargins #JewelleryMarketIndia
Can Kalyan Jewellers Replicate Titan’s Success Story? A Deep Dive into the Jewellery Industry’s Dynamics | FinBrook
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