Written By: Resham Daswani

People say that jewellery is a woman's best friend because she likes to spend a lot of money on it. Also, gold, silver, diamonds, and platinum will always be in style. The Jewellery business is a big part of the franchise's business and a great way to start your own.

There are many different kinds of jewellery businesses, such as those for fashion jewellery, gold, silver, and diamonds. We also have imitation jewellery, costume jewellery, pearls, art jewellery, international jewellery brands, and so on.

Interested in jewellery franchises? There is possibly a Jewellery franchise that is just right for you somewhere in this collection. So, read on to know about the top jewellery franchises in India for 2023.

Top 10 Jewellery Franchises in India for 2023

The jewellery franchise business in India continues to be on the rise.  India's jewellery franchises have grown quickly because of the country's growing economy, its cultural importance, changing customer tastes, and the benefits of the franchise model.

Here are some of the best Jewellery Franchises to invest in India.

1. Kisna Jewellers

With a vision to be known as one of the best diamond businesses in the world, providing value to all of our stakeholders, and a mission to keep growing and doing well in a society that is well-aligned and full of good energy, this brand has been rapidly expanding its presence across the country in a quick span of time.

What makes this brand continue to flourish is the exclusive product range of finely designed jewellery, transparency in their relationship which goes beyond just selling jewellery, easy returns and exchange policies in place and clarity in terms and conditions.

• Investment Range - Rs 2-5 crores.

Trending: Kisna launches more franchises across the country.

2. Tanishq

Tanishq is one of India's most popular, well-known, and quickly rising jewellery stores. It has a wide selection of jewellery, including rings, bracelets, necklaces, diamond rings, and much more. At first, it was set up under the name of its parent brand, A Titan Group, which is also a part of the TATA group.

Since it opened, Tanishq has made a big impression on Indian customers with its best-in-class product range, affordable prices, and beautiful diamond and precious stone jewellery. This has helped the chain get a lot of fans and build its brand value.

• Investment Range - Rs 15-20 crores.

3. Kalyan Jewellers

Our company is among India's oldest businesses. Our family has been in business since 1908, which makes us one of the oldest. Before India became independent, the founders of the group thought that it should be based on ethical, honest, and open business practices.

Indian jewellery is a great way to see India's history, culture, and differences through its craftsmanship and variety. Kalyan is a jewellery store that sells both antique and contemporary pieces made of gold, diamonds, and other precious metals and stones. Kalyan has extensive familiarity with regional cuisine, after all.

• Investment Approx - Rs 50 lakhs - 1 crore.

4. Nakshathra Diamonds

After launching in 2007, NAKSHATHRA 916 Gold and Diamonds quickly rose to prominence as one of India's most prestigious names in fine jewellery. Women of various socioeconomic backgrounds now shop at this flagship store for its gold and diamond jewels.

Prafulchandra Patel started it in 2011, and now it spans the country with more than 200 locations.

• Investment Range - Rs 1-3 crores.

5. Bluestone Jewellers

BlueStone was founded in 2011, and it has quickly become India's most popular store for stunning fine jewellery. Craftsmanship, quality, and the satisfaction of our customers are the cornerstones of our mission as we set out to transform the fine jewellery and lifestyle market in India. BlueStone has rapidly expanded its base of devoted Indian and international customers.

The success of our retail locations has allowed BlueStone to reach more people and bring us closer to you. Every store shines like a diamond thanks to its exceptional knowledge, helpful employees, and beautiful jewels.

Each of our items is a representation of perfection thanks to our award-winning design team and their meticulous attention to detail. All of our jewellery is meticulously polished to reflect its radiance using state-of-the-art techniques and cutting-edge technology.

• Investment Range - Rs 1-2 crores.

6. Senco Gold

On August 22, 1994, in Kolkata, West Bengal, the company was formally established as Senco Gold Private Limited under the terms of the Companies Act, of 1956.

Our Bengali Karigars' attention to detail is a major strength. Our jewellery is made by skilled Karigars in Kolkata who work with great integrity to produce stunning pieces in a wide variety of styles, including filigree, meenakari, polki, jadau, temple jewellery, and many others.

Since we have an office in the state of West Bengal, we have ready access to skilled artisans who have been working with our firm for years.

• Investment Range - Rs 1-2 crores.

7. Gili Jewellers

Gili was the first Indian jewellery company, established in 1994 when jewellery was still viewed as an accessory rather than a need. Dig into the origins, the lauded accomplishments, and the future plans of this illustrious brand. A name, a memory that will last a lifetime.

The company you know and love as Gili was founded by a group of people who had a dream and the courage to try something new in the jewellery industry. What began as an idea has grown into a thriving business—a Super Brand—that is widely recognised for its outstanding quality and innovative features.

The idea of branded jewellery was foreign to us. It was uncharted waters to launch a new brand aimed at professional women. Changing people's minds and gaining their trust so that jewellery is accessible to everybody in India.

• Investment Range - Rs 2-5 crores.

8. Kasturi Diamonds

After being founded in 2015 by four individuals with the goal of becoming the market leader in the online diamond jewellery industry, KasturiDiamond.com has quickly become a household name in the western region of the country.

Kasturidiamond.com is renowned for its reliability and the high standard of its wares. We are experts in cutting diamonds to the highest standards of optical performance and beauty. To ensure that the diamonds in our jewellery are given the best possible showcase, we polish the interior surfaces of the claws. We continue to place a premium on giving our customers what they want at a price they can afford.

• Investment Range - Rs 2-5 crores.

9. Malabar Gold & Diamonds

The Malabar Group, a prominent diversified Indian corporate group, is known for its flagship enterprise, Malabar Gold & Diamonds. Malabar Gold & Diamonds was founded in 1993 in the Indian state of Kerala and has since expanded to include several offices, design centres, wholesale units, and factories located throughout India, the Middle East, the Far East, and the United States.

Malabar Jewellers has everything a modern bride may want, from simple, classic styles that can be worn every day to lavish, show-stopping bridal collections. To meet the needs of our customers of all ages and backgrounds, we have a wide variety of jewellery styles and collections.

• Investment Range - Rs 1-2 crores.

10. PC Jewellers

PC Jeweller is India's most popular fine jewels discovery site, and it aims to provide YOU with a fantastic jewellery shopping experience. PC Jeweller's mission is to offer you the most extensive selection of well-picked designs possible. When you shop with us, you'll get more than just jewellery; you'll get the best jewellery-buying experience possible.

PC Jeweller is a shining answer to the growing needs of customers who are always on the go to find, explore, buy, and learn more about jewellery. The young people who work for the company are focused on new ideas, making customers happy, and being honest.

• Investment Range - Rs 2-5 crores.

Benefits of Having a Jewellery Franchise Business in India

There are major benefits associated with starting a jewellery franchise in India. 

• Investing in a franchise jewellery business means teaming up with a well-known name in the industry. This can help you avoid the need to start building brand awareness from scratch, which can take a lot of time and money.
• Most franchisors give franchisees thorough training programmes and ongoing help. This includes information about how to set up a store, how to handle inventory, how to market it, how to train staff, and the best ways to run it. This help can make the jewellery business easier to understand and increase your chances of success.
• Many jewellery franchises have a wide range of goods to meet the needs of customers with different tastes and budgets. Most franchisers have high standards for the quality of their jewellery, so you can be sure to sell reliable and attractive pieces to your customers.
• There are always risks when you start a new business, but starting a franchise can help reduce some of those risks. When compared to starting a business on your own, buying a franchise gives you a business plan that has already been tried and tested. You can also use the knowledge and experience of the franchisor and other franchisees to help you deal with problems and make smart business choices.

To Conclude,

India is one of the most famous countries for jewellery franchises. If you want to start a business in the retail field, here are the 10 best franchises for jewellery in India.

Entrepreneurs can create a successful jewellery business with low costs and high returns if they do their studies and put money into it. It's essential to keep in mind that each brand has its own benefits. It's essential to make sure that the franchise picked fits the goals and plans of the person who wants to buy it.

Moreover, you can get in touch with our experts at FranchiseBazar to get started with a jewellery franchise in India.  Our plethora consists of the latest jewellery franchises in India and we can guide you based on your investment requirement.

Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risks and discretion. FranchiseBAZAR or its Directors, disclaim any liability or risks arising out of any transactions that may take place due to information provided in this blog.