BlueStone Jewellery and Lifestyle Limited
Kuwait Investment Authority bought 3,02,082 shares of BlueStone Jewellery and Lifestyle Limited for ₹25 Cr at ₹827.60 apiece in a block deal.
A jewellery manufacturer and retailer specializing in diamond, gold, platinum, and studded pieces, Bluestone operates through physical stores and an online platform across India. The company designs and produces its own jewellery collections, controlling production from conception to customer delivery. Bluestone distinguishes itself through vertical integration and direct manufacturing capabilities, allowing greater quality control, design flexibility, and customer engagement across its diverse product range.
The oldest sovereign wealth fund in the world, tracing its roots to the Kuwait Investment Board formed in 1953 and established in its present form in 1982 as an autonomous body managing the state's reserves. It runs two pools, the General Reserve Fund and the Future Generations Fund, and invests across public equities, fixed income, real estate and private markets worldwide. Its Indian equity positions are held through numbered sub funds and are typically long horizon rather than traded.