About Conscious Carat:
Conscious Carat is a Direct-to-Consumer D2C lab grown diamond jewelry brand. It operates under the legacy of Agarwal and Company Fine Jewellers established in 1964. The brand is known for being the first to introduce lab grown diamond jewelry stores in Rajasthan and for pioneering lab grown Polki jewelry. It focuses on providing affordable luxury, sustainable and ethical practices, and unique in-house designs.
Products:
Bracelets, Earrings, Necklaces, Rings, Polki jewelry, and other offerings.
Vision and Mission:
Vision The company aims to expand to 100 locations within five years to make sustainable luxury widely accessible.
Mission Conscious Carat seeks to build a community of entrepreneurs committed to promoting eco conscious jewelry.
Market Opportunity:
Global Market Valued at USD 23.3 billion in 2023 and expected to reach USD 34.06 billion by 2030 with a CAGR of about 9.93 percent.
Indian Market Valued at USD 2.61 billion in 2023 and projected to grow to USD 8.31 billion by 2032 with a CAGR of about 14.21 percent.
Growth Drivers Increasing demand for ethical sourcing, rising middle class, higher preference for branded jewelry, and the expanding Indian wedding market which spends approximately USD 130 billion annually.
Founder:
Mr Vipul Agarwal is a third-generation jeweler with over 13 years of experience. He holds an MSc in International Business from the University of Leeds, a BBA from Symbiosis Pune, and is a certified Diamond Graduate from KGK Institute Jaipur.
Why Partner with Conscious Carat:
The company offers more than 50 years of industry experience and a profitable flagship store model. It promotes an ecofriendly brand image and supports franchisees with comprehensive training, marketing, and operations support. It offers a high margin D2C business model and strong brand loyalty with unique product designs.
Franchisee Ideal Profile:
Ideal partners include individuals from business families, women entrepreneurs, traditional jewelers, real estate investors, and leaders in the luxury segment.
Operating Model:
The brand is targeting a Pan India expansion across Tier 1, Tier 2, and Tier 3 cities, providing full legal, marketing, IT, and operational support. It offers an easy setup and exit process for franchise partners.
Operations Commenced On 2025
Franchise Commenced On 2025
Investment INR 1 Cr. - 2 Cr
Franchise/Brand Fee INR 750000
Royalty/Commission 00 %
Exclusive territorial rights to a unit franchisee Yes
Anticipated percentage return on investment 40 %
Likely pay back period of capital for a Unit Franchise 1-2 Years
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttarakhand, Uttar Pradesh
Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana
Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
Gujarat, Rajasthan, Maharashtra, Goa
Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu
Type of property required for this franchise opportunity Commercial
Floor area requirement 500 - 1000 Sq.ft
Preferred location of unit franchise outlet High street | Malls
Detailed operating manuals for franchisees Yes
Current IT systems will be included in the franchise Yes
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 7 Years
Is the term renewable? Yes
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