How to Start a Profitable Jewellery Business | Ft. Sumit Garg | Sanjay Kathuria Podcast EP56

In this episode of the Sanjay Kathuria Podcast, we host Sumit Garg, Indian entrepreneur and jewellery expert, Founder of Delhi Diamonds & House of Rings, and Co-Founder of Luxury Ride, recognised among Economic Times 40 Under 40 .With over 15+ years of experience in wholesale, manufacturing, and retail jewellery, Sumit shares a complete masterclass on how to start, scale, and succeed in the jewellery business. From choosing the right niche to building a profitable retail store, this episode breaks down the real business behind jewellery.This Part 2 conversation dives deep into retail jewellery business models, franchise insights, inventory management, storytelling strategies used by global brands, and hidden opportunities in gold, diamonds, and silver markets. If you want to start a jewellery business in 2026 or expand your retail presence, this episode is a must-watch.📘 What You’ll Learn✅ How to start a retail jewellery business from scratch✅ Minimum capital required to start today✅ Why micro-niche is the future of jewellery✅ Gold vs diamond vs lab-grown sales ratio✅ Best jewellery niche to start (rings, gemstones, etc.)✅ How to build a profitable jewellery franchise✅ Inventory management strategies for jewellers✅ How global brands use storytelling to sell✅ ROI expectations from jewellery business✅ Biggest mistakes new jewellers must avoid⏱️ Timestamps00:00 – Podcast Teaser01:30 – Guest Intro - Sumit Garg02:31 – Engineering to Jewellery Journey05:19 – Wholesale to Retail Transition05:45 – Why He Shut Down a Profitable Business07:32 – How He Started Retail Jewellery Business08:56 – Why Retail Jewellery Business is Not Scalable09:33 – How House of Rings Was Started10:30 – Franchise vs Own Store12:28 – How to Enter Jewellery Business13:02 – Capital Required to Start Today14:33 – Why Micro Niche is the Only Way16:50 – Why Rings are the Best Niche18:58 – Micro Niche Strategy Explained20:11 – Niche Store vs Full Store21:31 – Gold vs Diamond vs Lab Grown Ratio24:20 – Gemstones Opportunity Explained25:06 – Silver Business Opportunity26:14 – Inventory Turnover vs Margin27:17 – What Pandora Does Differently30:38 – Cartier Love Bracelet Story32:28 – Power of Storytelling in Jewellery33:07 – Online vs Physical Store34:46 – How to Build Jewellery Store38:25 – How to Assess Jewellery Franchise42:19 – Expected ROI from Franchise43:34 – Things to Check Before Franchise46:00 – Role of Visual Merchandising48:23 – Inventory Management Strategy50:18 – Stress Management in Business51:40 – Dos & Don'ts for New Jewellers53:40 – Dead Stock Problem Explained54:31 – Build Strong Team55:40 – Key Takeaways57:23 – Episode Outro🔗 Guest SocialsYoutube : https://www.youtube.com/channel/UCXr8jz_CISqsA0LCE9wJrEQInstagram: https://www.instagram.com/solitairesumit/Instagram: https://www.instagram.com/delhidiamonds_sumitgarg/Facebook: https://www.facebook.com/solitairesumit/LinkedIn: https://www.linkedin.com/in/sumit-garg-a27536139/📲 Sanjay Kathuria Podcast HandlesInstagram: https://www.instagram.com/sanjaykathuriapodcastYouTube (Main): https://www.youtube.com/@SanjayKathuriaPodcastYouTube (Clips): https://www.youtube.com/@SanjaykathuriapodcastclipsFacebook: https://www.facebook.com/sanjaykathuriapodcastsSpotify: https://open.spotify.com/show/1VDdqFLEvqtKIr3pJuu1ep?si=I50k9_sCSVqSwOF62ugrIw🙋‍♂️ Connect with Sanjay Kathuria:Instagram: https://www.instagram.com/financebysanjayFacebook: https://facebook.com/financebysanjayLinkedIn: https://linkedin.com/in/sanjaykathuriaTwitter: https://twitter.com/sanjaykathuriaYouTube: https://www.youtube.com/@Sanjay_Kathuria🧵 Hashtags#JewelleryBusiness #SumitGarg #SanjayKathuriaPodcast📚 About the PodcastThe Sanjay Kathuria Podcast brings you India’s top investors, entrepreneurs, and wealth creators. Learn how the top 1% manage and multiply money in simple, actionable ways.