The M3M Hurun India Rich List 2025 captures how jewellers continue to illuminate the nation’s economy and imagination

D2C demi-fine jewellery brand Palmonas has secured INR 55 crore in a Series A funding round led by Vertex Ventures SEAI, fuelling its ambitious expansion across India and beyond.

BlueStone Jewellery and Lifestyle, the company behind the contemporary jewellery brand ‘BlueStone’, has secured over Rs. 693 crore from anchor investors, just days before its initial public offering (IPO) opens for subscription.

The omnichannel jewellery brand sees a 30% jump in valuation through secondary transactions led by 360 One and Centrum Wealth, setting the stage for a high-profile IPO. Early investor RB Investments will exit with a 10–12x return.

Direct-to-consumer jewellery brand GIVA is gearing up to raise Rs. 450 crore in fresh capital as it looks to expand its retail footprint and diversify offerings. The new funding round is being led by Creaegis, which will invest Rs. 235 crore, with participation from existing investors including Premji Invest, Epiq Capital, Edelweiss Discovery Fund, and Usha Dalmia Trust

Omnichannel jewellery brand expands retail footprint and maintains growth momentum amid rising competition

BlueStone, a prominent omnichannel jewellery retailer, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The move positions the company to raise substantial capital for growth and operational expansion, marking a major milestone in its business trajectory

Lab-grown diamond jewellery brand Firefly Diamonds has secured $3 million in seed funding from WestBridge Capital. The investment will support the company's aggressive expansion plans and fuel research and development for its upcoming jewellery collections.

Palmonas, India’s first demi-fine jewellery brand co-owned by Bollywood actor Shraddha Kapoor, has strengthened its retail footprint with the launch of a new store in Pune. This marks the brand’s fifth store as it continues to cater to the growing demand for accessible luxury jewellery

Bluestone Jewellery and Lifestyle, one of India’s leading digital-first jewellery brands, has filed draft papers with the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs. 1,000 crore and an offer-for-sale (OFS) of 2.39 crore equity shares by existing investors

Jewellery retailer Bluestone has secured ?900 crore in a pre-IPO funding round, boosting its valuation to $970 million

India's thriving online jewellery market has witnessed a surge in popularity as consumers increasingly turn to the internet for their precious jewellery needs.

Bluestone has marked another significant milestone with the inauguration of its second store in Thiruvananthapuram.

Temasek Holdings, the Singaporean state investor, is reportedly considering investing $100 million in BlueStone, an Indian jewellery company, for a 20% stake. This potential investment would value BlueStone at close to $500 million.