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10,000以上の雑誌、新聞、プレミアム記事に無制限にアクセスできます。

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INNOVATIVE JEWELRY MAVEN!

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March - April 2024

BlueStone, led by visionary Gaurav Singh Kushwaha, redefines Indian jewelry shopping, blending tradition with cutting-edge technology, sustainability, and a seamless omnichannel experience

- ARITRA GHOSH

INNOVATIVE JEWELRY MAVEN!

In 2011, Gaurav Singh Kushwaha embarked on a journey that would redefine the landscape of jewelry shopping in India. As the founder and CEO of BlueStone, his vision was clear to leverage the burgeoning wave of consumer internet and create a brand that resonated with the emotional connection Indians have with jewelry. The inception of BlueStone was not just a business venture; it was a strategic response to the evolving dynamics of e-commerce in India.

"I realized that in India, the love for jewelry is unparalleled. The market was dominated by legacy brands, and the incumbents lacked technological savvy. BlueStone was conceived as a brand that marries tradition with technology, offering a unique shopping experience,” states Kushwaha.

Carving a Niche

BlueStone disrupted the jewelry market dominated by family jewelers and local players. Unlike traditional players focused on wedding jewelry, BlueStone identified the shift in consumer preferences. The brand strategically addressed the 40-45 percent of the market not well served, offering options in the Rs 50,000 price point and catering to the modern woman’s desire for versatile, everyday jewelry.

“We stay away from generics and standards, ensuring our designs are differentiated. We made mainstream the space for jewelry that can be worn to offices and parties, not just limited to weddings,” asserts Gaurav.

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THE COLLABORATION DRIVEN MAKEOVER OF INDIA'S LUGGAGE MARKET

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THE GIFTING VISIONARY

A third-generation entrepreneur from the RP-Sanjiv Goenka family, Shivika Goenka is redefining premium gifting in India through The Gift Studio. With a strong focus on design, personalization, and innovation, she combines legacy with contemporary sensibilities to create meaningful, experience-driven brands that reflect today’s evolving consumer aspirations..

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FOREVERMARK EYES INDIA'S DIAMOND MARKET WITH STRATEGIC FRANCHISE EXPANSION

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ETHNIX BY RAYMOND TARGETS TIER II & III INDIA FOR NEXT GROWTH PHASE

Ethnix by Raymond has over 140 stores in 70 towns across India.

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BIRLA OPUS PAINTS A RS 10,000-CRORE GROWTH VISION

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THE RISE OF SPIRITUAL RETAIL IN INDIA

India's spiritual retail market is booming, with young consumers driving demand for sustainable idols, Rudraksha malas, puja kits, and spiritual jewelry, while festive gifting fuels a surge in sales.

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SNAPDEAL'S BHARAT-FOCUSED GROWTH STORY

Snapdeal, under the leadership of CEO Achint Setia, is redefining value e-commerce in India by connecting Bharat’s small and medium sellers with value-conscious shoppers nationwide. With over 80 percent of its business coming from Tier II and beyond, the platform has pivoted sharply toward fashion and lifestyle—now contributing nearly 90 percent of its sales.

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HOMEGROWN BRANDS GO HEALTHY

India's snacking industry is undergoing a healthy makeover with the emergence of a new wave of homegrown brands offering healthier alternatives without compromising on taste or innovation.

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