Written By: Gouri Ghosh

Indians have a strong connection with jewelry. From weddings to festivals, gold and diamonds are not just ornaments  they are traditions, investments, and symbols of status. With India's jewellery market projected to grow steadily over the coming decade, an increasing number of entrepreneurs are considering jewellery franchise business opportunities.

Franchising is an attractive option for customers who prefer to buy from well-known jewellery brands then independent stores. By going into a high-end jewellery franchise in India, you leverage brand reputation, marketing efforts, and established supply chains.

With a budget of ₹5–10 crore, you fall in the mid-to-high investment range. This allows you access to some of the best-rated high-end jewellery franchises with a superior reputation and good profit opportunity.

Best Jewellery Franchises in India within ₹5–10 Crore 

The following are some of the best jewelry brand franchise opportunities you should consider before making a decision.

Tanishq (Titan Group)

The Tanishq is the Tata Group's premium jewellery brand. Tanishq has revolutionized jewellery shopping in India by using karatmeters for purity verification and BIS-hallmarked collections.

Franchise Investment Size: ₹15–20 crore (slightly over the ₹10 crore limit, but still the aspiration franchise for most investors).

Franchise Specification: 2,000–3,000 sq. ft. showroom in a high-street or mall location. Top-class interiors are a requirement to project the brand image. Manpower requirements are between 15–25 personnel, who are all trained by Tanishq.

Support Provided: National television campaigns, social media promotions, franchisee education, end-to-end supply chain integration, loyalty schemes (such as Encircle by Tata), and full design/collection support.

USP:

•  Reputed for unparalleled trust, quality, and brand recall. 
•  The premium jewellery franchise cost is high, the customer base is wide and loyal, providing long-term stability.

Malabar Gold & Diamonds

Established in Kerala, Malabar has evolved into one of the world's largest gold jewellery retailers with more than 300 showrooms spread over 10+ countries. It is a luxury gold and diamond jewellery brand with great popularity among NRIs and high-net-worth individuals.

Franchise Investment Range: ₹10–15 crore (little over the ₹10 crore threshold but highly rewarding).

Franchise Requirements: Showroom requirement is at least 3,000 sq. ft. in a Tier 1 metro, upmarket mall, or wealthier commercial district. Needs sophisticated security infrastructure and a minimum of 30 employees.

Support Provided: International marketing drives, store design support, strong backend systems, technology-driven inventory management, and staff training. Malabar also provides buyback assurance and hallmarking certification guarantees.

USP: 

• Malabar is perfect for investors who wish to be aligned with a worldwide luxury brand.
•  It is one of the high-end jewellery franchises available today with strong international recognition. 

Gitanjali Jewellers

 A leader in mass popularization of diamond jewellery, Gitanjali introduced Indian markets to brands such as Nakshatra, Asmi, and D'damas. Though the company has experienced financial instability over the past few years, the Gitanjali brand retains a powerful name recognition and consumer influence. 

Franchise Investment Range: ₹6–8 crore (comfortably within our target range).

Franchise Requirements: 1,500–2,500 sq. ft. showroom with contemporary interiors, a sound security system, and customer service and diamond sales-trained staff.

Support Provided: Branding help, promotion campaign assistance, sales training, and utilizing their pre-established diamond jewelry reputation.

USP: Gitanjali suits investors looking to join the franchise jewellery sector at the optimal spot of ₹5–10 crore, with good scope for premium jewellery franchise margins from diamonds.

PC Jeweller

About the Brand: now listed on NSE & BSE, moreover, PC Jeweller became a prominent player in India's organised jewellery market in no time. It has over 80 stores in India and is particularly renowned for bridal jewellery.

Franchise Investment Range: ₹15–20 crore (below the ₹10 crore range but attractive to investors seeking size).

Franchise Requirements: Big-format stores of 2,500–3,500 sq. ft., preferably in Tier 1 cities or growing metros. Needs 20–30 employees knowledgeable about bridal and designer jewellery.

Support Provided: Nationwide promotional campaigns, robust internet presence, customer loyalty schemes, supply chain optimization, and also training for franchisees.

USP: PC Jeweller focuses on wedding as well as designer lines. Investors seeking long-term stability in a jewellery brand franchise may take advantage of PC's proven retail systems.

Bluestone

Founded as an online jewelry platform, therefore, Bluestone has been able to become a phygital (physical + digital) brand with 150+ experience stores in India. It is famous for cutting-edge designs, high-selling collections, and customization.

Franchise Investment Range: ₹1–2 crore (lower than our ₹5–10 crore range, but still decent for those venturing into the jewelry industry with lesser capital).

Franchise Requirements: Fashionable showrooms of 500–1,000 sq. ft. on malls or upscale high streets. 

Support Provided: Omnichannel support (online-to-offline customer flow), digital marketing, AI-driven design suggestions, as well as effortless logistics.

USP: 

• Bluestone is a future-ready franchise jewelry business model.
•  It is suited for young customers who like designer, light-weight jewelry. 
• Ideal for investors who have faith in online-offline hybrids and wish to pilot the market before expanding.

5. Profitability & ROI Expectations

Investing in a premium jewellery franchise in India comes with high capital requirements, but the returns can be very rewarding. Further, Here’s a breakdown:

Future trends of premium Jewellery Franchise

The jewellery industry is changing rapidly, and the franchisee must catch up. Further, Here are the trends that will define the future:

• Omnichannel Retailing: The customer looks at designs online and then comes to shop for them. Bluestone and Tanishq already operate on this system.
• Luxury Gold Demand: Urban consumers increasingly opt for designer and also premium jewellery over simple gold jewellery.
• Diamonds & Designer Jewellery: Solitaire diamonds, platinum jewellery, as well as bespoke designs are gaining traction.
• Tech-Driven Experience: Virtual try-on, AR mirror, and AI-driven suggestions are on the verge of becoming mainstream.
• Sustainable Jewellery: Environmentally friendly and ethically mined gold and diamonds are popular among younger consumers.
• Smaller Format Stores: Mall and high-street premium boutique-style stores that occupy less space and investment.
• Young Customer Focus: Gen Z and millennials are interested in fashion-forward, lightweight jewellery that they can wear every day, not occasionally.
• Global Brands Entering India: Global jewellery players are entering India to explore the franchising opportunity.

To get a franchise jewellery business that's already open today, select a brand that already offers online convenience with offline trust.

Exit Strategies: Can You Resell or Scale Your Jewellery Franchise?

Jewellery franchises require a long-term commitment, but astute investors also chart their exit. Here are some:

• Reselling Franchise Rights: Most jewellery franchise companies in India permit you to sell your franchise to a new owner.
• Scaling Up: If your initial outlet is successful, you can reinvest profits and open several showrooms under the same brand.
• Partnership Exit: Others leave through a sale of their interest to a partner or other co-investor.
• Challenges in Exit: Jewellery is a business involving high capital. It takes time to sell unsold stock or dispose of it or find buyers.
• Best Practices: Have good sales records, retain loyal customers, and manage your store efficiently. This enhances resale value.
•  Build Resale Value: Prioritize store reputation and customer satisfaction—future purchasers pay a higher price for a performing franchise.

Conclusion

On a budget of ₹5–10 crore, you can tap into established brands that offer credibility, marketing, and operational efficiencies.

If you are committed to venturing into this segment, benchmark the a premium jewellry franchise cost , analyze the margin of profits, and partner with a brand that resonates with your vision.

The time to venture into a franchise jewellery business is now because there is a higher demand from customers than ever before.

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 risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.