Shivani Goyal’s Post

India's Gem and Jewelry Sector. India's organized jewelry market share is expected to reach 47% by FY26. It has been growing at a CAGR of 6-7% from last 20 years. - Senco Investor presentation Where the overall jewelry market is also expected to grow at 7-8% CAGR. - Street Estimates.

There's been a lot of talk about diamonds as investments lately. Most experts advise against it, as value trends haven't been the best in the last few years. Yet prices have risen making it difficult for many to justify them purely as a financial decision. But jewellery is more than just an investment. For many, especially in India, it's a symbol of  heritage, and celebration. It's a piece of our lives, holding sentimental value beyond measure. At 3Sōul, we believe everyone should be able to own jewellery they cherish without breaking the bank. That's why we're committed to transparency and fair pricing. By empowering consumers with knowledge, we're aiming to create a jewellery industry where value truly meets the excellence of every jewellery piece being created. #3soul #TrueToYou #jewellerydesign #customjewelry #jewellerylover #inspiration #designprocess #transparency #luxury

India’s Gem Giants Hold Fast: The Lab-Grown Diamond Dilemma Despite the global surge in lab-grown diamonds (LGDs), India’s top jewellery chains, including Kalyan Jewellers and Tanishq, are treading cautiously. The reluctance stems from a notable lack of consumer interest within the country, besides low demand. The Indian trend is in contrast to growing popularity globally. Indian retailers like Joyalukkas remain cautious about integrating LGDs into their stores. Large jewellery chains such as Malabar Gold & Diamonds and Senco Gold and Diamonds echo similar sentiments, citing low demand and a preference to not mix LGDs with natural stones at their counters. The local market’s readiness to accept LGDs is under scrutiny, as consumers traditionally view diamonds as an asset with resale value, not merely fashion jewellery. The numbers speak volumes. According to the The Gem and Jewellery Export Promotion Council (India), gross exports of polished LGDs fell by 18.5% year-on-year to $1,278 million. In contrast, the decline in cut and polished natural diamonds was steeper at 28%. This data suggests a global shift towards LGDs, driven by economic factors and sanctions on Russian diamonds. However, the Indian market remains unmoved. The wholesale price for a carat of LGD hovers between INR 20,000-25,000, while a natural diamond’s retail value can soar to INR 3-5.5 lakh. This significant price differential underscores the consumer’s perception of value and investment. Retail and e-commerce are integral parts of Technopak's consulting business. #LGDs #JewelleryIndustry #DiamondMarket #SustainableJewellery #ConsumerPerception

The market for #labgrowndiamonds is expected to double from 9 million cararts to over 19 million carats by 2030. Click on the link to learn what's driving the demand for #growndiamonds in #India. Ishendra Agarwal | GIVA | Darayus Mehta | True Diamond | Lisa Mukhedkar | @Aukera Grown Diamond Jewellery | Anil Prabhakar | Shiv Joshi #retailtrends #retailinsights #retailnews #retailsector #retailindustry #retailupdates #businessnews #retailbusiness #ir #IndiaRetailing #IndianRetail #RetailinIndia #IndiaRetail #retailing #retailsectornews

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

This jewellery brand reached an operational revenue of 3036 Cr in FY22, and I can bet that it's not the brand you think it is. This isn't Bluestone, Aucent, or even Caratlane. Let’s talk about this lesser-known brand named Melorra! Founded by Saroja Yeramilli, this innovative jewellery brand grew from a mere 78.6 Cr in FY21 to a resounding 364.4 Cr in FY22. And here’s how they are making it HAPPEN! Melorra is a D2C brand that focuses on affordable, everyday-wear contemporary gold jewellery for the modern consumer by entering into a 6 trillion market in India. Their marketing strategy focuses on showcasing everyday fine jewellery that's BIS hallmarked - authenticating that their gold is safe to buy and comes from a reliable source. They make you feel important - their jewellery starts at a mere 3800 Rs. And for young millennials and Gen Z's, it makes buying GOLD (a milestone moment in the lives of an Indian) an accessible bucket list checkpoint. Investors love this brand - Over 34 institutional investors, including Lightbox, Symphony Asia Holdings Pte. Ltd., and Axis Mutual Fund, have invested in Melorra, with a total funding of 600+ Cr to date and a valuation of 2582 Cr as of July 2nd, 2022. The brand delivers to over 25,000 pin codes in India, making it a pan-India brand through and through. Regardless of it being a lesser-known brand, Melorra's journey is not just about a staggering revenue growth; it's a symbol of what Indian startups can achieve when they set their minds to it. The lesson here is simple: Lesson #1: Embrace the trends and learn how you can use them to serve your customers. Speaking about this, Saroja Yeramilli, Founder, and CEO of Melorra, said, “Right from the outset, Melorra has been a customer-centric brand. We ushered in the era of lightweight fine gold jewellery based on runway trends with new launches every week.” Lesson #2: Be open to change regardless of how unconventional it may seem. With a brand that is the very definition of Contemporary, embracing change comes easy! And that brings me to the question: Do you invest in gold jewellery too? #Melorra #JewelleryBrand #D2C #DigitalMarketing

A Tale of Two Cities or 3 Companies I understand that Titan is a major diamond and jewellery retailer in India. Chow Tai Fook holds a similar honour in Hong Kong and China. Signet is the largest retail chain in the U.S. As a general rule, generalisations are fraught with risks because every market is different but I think it will be useful to see how three companies deal with the lab-grown diamond dilemma. Recently both Titan and Chow Tai Fook made public comments in regard to the health of the natural diamond business. CTF published a recent survey on consumer attitudes in Hong Kong and China. Titan stated that acceptance of LGD in India will be slower than anticipated. Both retailers are major natural diamond retailers who would be negatively affected by cannibalization of their natural diamond business if they introduce LGD as a product offering. They would like to prolong the status quo . Neither CTF or Titan offers LGD to their customers. Signet on the other hand sells LGD. India and China both have a tradition of buying 24 K gold or 22 k gold jewellery for many reasons. They are seen as storage of wealth. With the advent of LGD, the idea that diamonds is a good storage of wealth is being challenged. Both India and China are major producers of LGD. And yet we are told LGD is not gaining traction among consumers.

Sparkling Growth for Titan's Jewellery Segment Titan's jewellery segment is shining bright, showing impressive growth according to recent updates. In the fourth quarter of the fiscal year 2023, Titan reported a remarkable 24% increase in year-on-year growth. Looking ahead, they're expecting even more expansion, with projections set at 30% for the upcoming year. Boost in Performance Titan's Q4 results demonstrate significant improvements. The company is not only maintaining its strong position but also enhancing its performance within the jewellery sector. This ensures that they are on a promising path for sustained growth. Market Projections The jewellery market as a whole is also experiencing positive trends. Over the next few years, it's anticipated to grow at an annual rate of about 18.5%. Additionally, the compound annual growth rate (CAGR) is expected to be 21.4% over a five-year period. This suggests a vibrant and expanding market for jewellery retailers like Titan. With these promising statistics and trends, Titan's jewellery segment is poised for continued success. The company's strategic focus and commitment to performance are key factors in achieving this trajectory of growth. Trending Topics The discussion around Titan's growth is buzzing with hashtags like Indicating the widespread interest and optimism in the industry. Titan's journey demonstrates the potential for continued success in the jewellery market, driven by innovation and a commitment to excellence. #businessexpansion #TitanJewellery, #RetailGrowth, and #BusinessTrends

Jewellery consumption growth revised to 10-12% YoY in FY2024: ICRA In a recent update on the Indian jewelry retail industry, ICRA, a leading credit rating agency, has raised its projections for the year-on-year (YoY) growth of domestic jewelry consumption in value terms for the fiscal year 2024. The revised forecast now stands at 10-12%, up from the earlier estimate of 8-10%, with the surge attributed primarily to the increase in gold prices. India Fashion Forum ICRA ICRA Analytics Ltd Sujoy Saha #JewelleryConsumption #FY2024Growth #GoldPrices #ICRAInsights #OrganizedRetail #IndianJewelleryMarket #RetailExpansion #EconomicOutlook #ConsumerTrends #FashionIndustry #MarketProjection #BusinessNews #RetailGrowth #EconomicAnalysis #GoldMarketTrends #ICRAReport #RevenueForecast #MarketTrends #FashionRetailers #EconomicForecast #BrandJewellery #OperationalMargins #GlobalEconomy #InflationaryPressures #StoreExpansion #CompetitionAnalysis #DebtMetrics #FinancialOutlook #LinkedInInsights #BusinessUpdates

If you make it in India it should be labeled as Made in India or wherever. It would seem logical that the brands get away with this because the maker puts up with it not wanting to rock the boat. This is very complicated but we need to not just pay lip service to transparency. Perhaps the same phenomenon exists in the jewellery business. I do know that WD Lab Grown Diamonds polishes in India but promote their polished stones as Made In USA with some very carefully worded advertisements. Perhaps they should say Grown In USA and Polished in India. When it is convenient they don’t follow the rule of substantial transformation. Indian Pride. Be more assertive !