Diamonds are considered the pinnacle of Indian Jewellery Tradition and are often associated with affluence and heritage.

Building a Business with Lab-Grown Diamonds can be ambitious as well as challenging, especially in the modern era where the new generation is looking forward to adding Diamonds to their jewellery collections.

Vaibhav Karnavat, the Founder of House of Quadri, is a 3rd Gen Chartered Accountant who has culminated ground-level diamond business with E-Commerce D2C. He has over 8 years of experience in manufacturing high-quality diamonds and is an active investor in multiple E-Commerce startups.

On this episode of Happy Hour with FinCocktail, our Co-Managing Partner, Niyati Thaker, dives deep into the fascinating world of lab-grown diamonds with the guest who is revolutionizing the gemstone industry in India. Besides exploring cutting-edge tech and the evolution of lab-grown diamonds, the guest highlights the key differences between natural and man-made diamonds, brand vision and prospects of the market and finance.

Join us in this insightful chat session as we expand the discussion into customer experience, the Indian perception of buying diamonds, some valuable advice for buddying merchants in this industry and the scope of professional and personal finance. Share this with your friends and do leave us a comment with your thoughts!

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0:00 - Sneak Peek!

1:22 - Intro

1:44 - About the Guest

2:39 - Backstory of Diamond Business

3:58 - Switching Careers

4:48 - Personal Experience

5:47 - Lab-Grown Diamonds and their Evolution in the Market

15:00 - Using Technology to Enhance Diamond Tradition

21:40 - Difference between Natural and Lab-Grown Diamonds

25:30 - Resale Market and the Indian Jewellery Mindset

29:30 - Brand Vision and Customer Experience

35:50 - Profitability and Capital Expenditure

40:35 - Investment Experience

44:40 - Managing Personal and Business Finance

47:40 - Advice for New People Entering the Industry

51:38 - Secret of FinCocktail

54:56 - Outro

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Find FinCocktail and Vaibhav on other social media:

Instagram:

/ fincocktail

YouTube:

/ @fincocktail

LinkedIn:

/ fincocktail

/ sayalirai

https://www.linkedin.com/in/vaibhav-k...

X:

/ fincocktail

Website:-

House of Quadri: https://houseofquadri.com/?srsltid=Af...

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Credits:

Shoot:

CinFin Media

Edit:

/ intriguingfilms

/ anuragkawatra

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About FinCocktail:

FinCocktail by Sayali Rai & Niyati Thaker is a one-stop shop for all your questions about personal finance. It was created to help young Indians understand and embrace their personal finances. It aims to become a source of inspiration to all who want to take charge of their financial futures.

This season on the Happy Hour with FinCocktail Sayali & Niyati are on a mission to find out more about the journey of money. See how money flows through the system and in and out of our lives! Handling money is not easy, but it can be made simple if you get to know your money and its workings.

Building wealth is something everyone should be capable of. It's more of an art than a science and a skill that everyone can master.

Let them bring you real stories from real people who have been managing their own money for a while, so you can see how different avenues exist to generate wealth and reach your dream goals! So listen on and let's build some wealth together!