Business EconomyPosted at: Oct 8 2025 4:10PM


CaratLane looks at UK, Australia & Canadian markets

Chennai, Oct 8 (UNI) Celebrating its 17th anniversary today, jewellery company CaratLane Trading Pvt Ltd is looking at the UK, Australia, and Canada markets to set up shops there while opening its second outlet in the US soon, said a top company official.
He also said the company will be trying out a Hindi language website and, based on its success, will have websites in other regional languages.
On its 17th anniversary, CaratLane opened its 348th store here and its 14th outlet in Chennai.
Speaking to the media, Saumen Bhaumik, Managing Director, said the company is looking at the UK, Australia, and Canada markets and also has some plans in the Middle East markets.
A second outlet in the US is planned in Dallas, Bhaumik added.
The changing geopolitical situation is offering Indian companies newer markets that were not available earlier.
When queried about the company’s retail outlet locations, he said the stores are in malls as well as on high streets.
CaratLane, which started as an online jewellery sales company, has now transformed into a hybrid model, online and brick and mortar network.
According to Bhaumik, 80 percent of the company’s sales are influenced by digital channels, and the final conversion happens at the store.
If one looks at the invoices, 90 percent are physical invoices and only 10 percent are online.
Ruling out the company vending lab-grown diamonds in the near future, as it has a negative effect on natural diamond prices, Bhaumik said the increase in gold prices is not having any major impact on sales as the company sells diamond-studded jewellery.
He said the company closed last year with a turnover of about Rs. 3,500 crore and this year’s target growth will be about 20 percent.
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