Try GOLD - Free
LAB JEWELS
Retailer
|September - October 2023
How lab-grown diamonds are reshaping India's jewelry landscape in style.
Several years ago, lab-grown diamonds (LGD) emerged as a novel entrant, posing a potential threat to the natural diamond industry. However, Finance Minister Nirmala Sitharaman’s perspective on the industry in the 2023 Budget dispelled all uncertainties. Today, even industry giants like De Beers Forevermark have introduced their own lab-grown diamond collections.
PRICE ADVANTAGE
While connoisseurs of natural diamonds may hold different views, the availability of a one-carat lab-grown diamond with identical characteristics at a fraction of the price of natural diamonds is a dream come true for many. For Lisa Mundherkar, Founder, Aukera, this revelation came about when she played a pivotal role in establishing the platinum jewelry industry in India with Platinum Guild UK.
“When I encountered an identical diamond at an unbelievably affordable price six months ago, I felt compelled to delve deeper into this category. Moreover, with the advent of lab-grown diamonds, there is no longer a need to rely on costume jewelry,” she explained. Aukera proudly champions the “Made in India” narrative by producing, cutting, and polishing diamonds in India without incurring import costs.
This story is from the September - October 2023 edition of Retailer.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Retailer
Retailer
How Private Labels Are Disrupting the Grocery Retail Market
The Indian grocery retail landscape is undergoing a quiet but powerful disruption with the rapid rise of private labels. From e-commerce giants like Amazon and Flipkart to new-age retailers such as BigBasket and Organic World, players are driving significant growth through their own grocery brands across categories like staples, snacks, dairy, and home care. No longer seen as just value-driven alternatives, these labels are reshaping the market with strong consumer loyalty and impressive growth, competing head-on with traditional FMCG leaders.
3 mins
July - August 2025
Retailer
How Food Brands Are Growing Through Collaborations
Food brands in India are increasingly turning to smart collaborations to boost visibility, spark consumer excitement, and drive long-term growth.
3 mins
July - August 2025
Retailer
INSTAMART: POWERING INDIA'S 10-MINUTE ECONOMY
Instamart has transformed quick commerce in India from a bold experiment into a Rs 5,655 crore business that now serves over 11 million monthly users across 125+ cities. CEO Amitesh Jha credits its success to a deep hyperlocal supply chain, AI-powered operations, and a \"go deeper, not wider\" strategy that prioritizes sustainability, assortment, and trust.
5 mins
July - August 2025
Retailer
JEWELRY RETAILERS BET BIG ON FRANCHISING AND TIER II CITIES FOR EXPANSION
India's jewelry market is undergoing a retail boom, with brands aggressively expanding through franchising, shop-in-shop formats, and omnichannel strategies. From Tier II & III cities to diaspora-driven global markets, players are racing to build accessible and trusted footprints.
3 mins
July - August 2025
Retailer
CRAFTING LEGACY, SCALING LUXURY
Rohan Narang on shaping Hazoorilal Legacy for the next generation of jewellery buyers.
2 mins
July - August 2025
Retailer
CONVENIENCE TO LIFESTYLE: RTC'S BIG LEAP IN INDIA
84 percent of consumers believe frozen snacks allow them to enjoy restaurant-style food at home, while 73 percent say they taste just as good as freshly prepared meals.
3 mins
July - August 2025
Retailer
THE RISE OF MATCHA BEAUTY: HOW THE GREEN POWDER IS INFLUENCING BEAUTY TRADITIONS
From a Japanese tea ritual to a global skincare phenomenon, matcha has become a multi-billion-dollar beauty category, prized for its antioxidants, vitamins, and caffeine that calm, protect, and energize the skin.
3 mins
July - August 2025
Retailer
ACER LOOKS TO TOUCH 300 STORE MARK IN 2025
Recognizing the increasing digital appetite in smaller markets, Acer is actively investing in Tier II and III cities.
3 mins
July - August 2025
Retailer
EMBEDDING CIRCULARITY IN INDIA'S TEXTILE REVOLUTION
India's ambition to scale its textile sector to $300 billion by 2030 must go hand in hand with sustainable practices. By embedding circularity—reusing, recycling, and extending the life of materials—into its growth strategy, the industry can balance economic expansion with environmental responsibility, setting a global example for sustainable manufacturing.
3 mins
July - August 2025
Retailer
BEYOND BORDERS: HOW AZURE HOSPITALITY IS TAKING INDIAN DINING GLOBAL
The company is exploring opportunities in regions with a strong appetite for Indian and Asian cuisines.
3 mins
July - August 2025
Translate
Change font size