New Delhi, 08th Aug 2024: Jewels by Preeti, one of India’s leading diamond jewelry brands, has announced its aims to clock 40 crore in revenue for the fiscal year 2024-25. Having marked a significant growth of INR 125 crore since inception, the company is in a hyper-growth phase driven by its jewelry designs, solitaire pieces, and diamond necklace collection.
Jewels by Preeti aims to capture a bigger share of the natural diamond industry in India. After making a mark in New Delhi, the brand is rapidly expanding its retail footprint in Mumbai, Delhi, Bengaluru, Pune, Hyderabad, Chennai, Kolkata, and Ahmedabad to provide best-in-class consumer natural diamonds to its customers. With the growth in consumer demand, Jewels by Preeti is planning to further expand its product range in the lightweight and lab-grown diamond category.
Commenting on the same, Dr Preeti Jain, Founder, Jewels by Preeti said, “We are delighted to announce that we have achieved positive growth since inception and moving forward towards the forthcoming fiscal year with unwavering determination & growth strategy.
Looking ahead to the festive season, we are anticipating a surge in our sales growth. Our team is continuously seeking partnerships with new manufacturers across different jewelry categories and prioritizing store offline expansion to meet the evolving demands of our clientele.”
As lab-grown diamonds, choker necklaces, detachable diamond jewelry, and delicate daily wear bangles are witnessing a surge and are in vogue in the jewelry arena, Jewels by Preeti is recognizing this ongoing trend and stacking up more product lineups from this range for the festive/ wedding seasons ahead.