9 Top Jewelry Startups Impacting The Industry in [2023]

Have you ever wondered who is on the list of Jewelry Companies with the highest growth rates?

You’re not alone.

There are hundreds of Jewelry Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 9 fast-growing Jewelry Startups that have top-tier venture capital funding.

What are Jewelry Startups?

Jewelry startups are companies that focus on creating and selling jewelry, such as rings, necklaces, and bracelets. These startups are often founded by independent jewelry designers and entrepreneurs who want to create unique and stylish pieces. 

Some jewelry startups also specialize in custom-made pieces, offering customers the chance to create their own personalized designs.

Top 9 Fastest-Growing Startups In Jewelry

1) Mejuri

Mejuri is a direct-to-consumer fine jewelry brand that offers handcrafted, everyday jewelry at a fraction of the cost of traditional retail.

Details of the startup:

• Country: Canada
• City: Toronto
• Started in: 2013
• Founders: Majed Masad, Noura Sakkijha
• Number of employees: 101-250
• Funding amount: $28,044,090
• Number of funding rounds: 5
• Number of investors: 12

You can find their website here.

2) Bluestone.com

Bluestone is an online jewelry store where customers may buy a range of items.

Details of the startup:

• Country: India
• City: Bengaluru
• Started in: 2011
• Founders: Gaurav Kushwaha, Vidya Nataraj
• Number of employees: 251-500
• Funding amount: $70,139,914
• Number of funding rounds: 9
• Number of investors: 14

You can find their website here.

3) Melorra

Melorra is the owner of an online jewelry company that specializes in modern jewelry.

Details of the startup:

• Country: India
• City: Bengaluru
• Started in: 2015
• Founders: Krishna Kumar, Saroja Yeramilli
• Number of employees: 101-250
• Funding amount: $38,444,659
• Number of funding rounds: 4
• Number of investors: 11

You can find their website here.

4) Kalyan Jewellers

The company’s roots are in textile retailing and wholesaling, and it has over a century of experience in the industry.

Details of the startup:

• Country: India
• City: Thrissur
• Started in: 1993
• Founders: TS Kalyanaraman
• Number of employees: 5001-10000
• Funding amount: $277,152,517
• Number of funding rounds: 2
• Number of investors: 1

You can find their website here.

5) Voylla

Accessories and Imitation Jewellery

Details of the startup:

• Country: India
• City: Jaipur
• Started in: 2012
• Founders: Vishwas Shringi
• Number of employees: 11-50
• Funding amount: $15,465,722
• Number of funding rounds: 3
• Number of investors: 2

You can find their website here.

6) CaratLane

CaratLane is an Indian-based online jewelry company that offers a large selection of loose diamonds for the gem and jewelry industry.

Details of the startup:

• Country: India
• City: Chennai
• Started in: 2008
• Founders: Avnish Anand, Gurukeerthi Gurunathan, Mithun Sacheti, Srinivasa Gopalan
• Number of employees: 51-100
• Funding amount: $58,000,000
• Number of funding rounds: 4
• Number of investors: 1

You can find their website here.

7) Jabong.com

India’s most popular fashion website.

Details of the startup:

• Country: India
• City: Gurgaon
• Started in: 2001
• Founders: Arun Chandramohan, Manu Jain, Mukul Bafana, Praveen Sinha
• Number of employees: 251-500
• Funding amount: $47,500,000
• Number of funding rounds: 3
• Number of investors: 5

You can find their website here.

8) Watchmaster

Watchmaster.com is a digital marketplace for luxury watch buyers and sellers.

Details of the startup:

• Country: Germany
• City: Berlin
• Started in: 2015
• Founders: Ronny Ahlswede, Ronny Lange, Stephan Heller
• Number of employees: 51-100
• Funding amount: $33,403,060
• Number of funding rounds: 7
• Number of investors: 12

You can find their website here.

9) Versace

Gianni Versace started Versace, an Italian fashion house and trade name, in Milan in 1978.

Details of the startup:

• Country: Italy
• City: Milan
• Started in: 1978
• Founders: Gianni Versace
• Number of employees: 5001-10000
• Funding amount: € 210,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

FAQs

Is Jewelry Business Profitable?

Yes, jewelry business can be very profitable. With the right marketing, customer service, and product selection, you can make a good profit from your jewelry business. 

It’s important to ensure that you are offering quality products and that you are pricing them competitively. Additionally, you should consider creating an online presence for your business in order to reach more potential customers.

What Is The Average Investment In Jewelry?

The average investment for a jewelry business can vary greatly depending on the type of jewelry business you are running. For example, a retail jewelry store requires a much higher investment than an online jewelry business. 

Generally speaking, the average investment for a jewelry business can range from $10,000 to $100,000 or more.