A grand launch event took place at Hulhule Island Resort (HIH), in the presence of Ricky Vasandani, Founder, Solitario
Malé: Luxury lab-grown diamond jewellery brand Solitario has entered the Maldives, marking its eighth international market. The brand has partnered with Essence Retail, Maldives’ largest retail chain, to introduce its lab-grown diamond collections across the island nation’s luxury retail network.
The grand launch took place at Hulhule Island Resort (HIH), where Ricky Vasandani, Founder, Solitario, and Gautam Budhrani, Strategy and Growth Partner, Solitario were joined by Sanjay Singh, Founder of Essence Retail Maldives, in the presence of esteemed guests and dignitaries.
With a philosophy rooted in sustainability, Solitario enters the Maldivian market with its ethos of creating “diamonds that honour and complement the earth and the ocean”, aligning with the Maldives’ pristine natural environment.
As part of its initial expansion phase, Solitario aims to establish a strong presence through Essence Retail’s extensive shop-in-shop network across some of the Maldives’ most prestigious resorts and islands. The rollout includes Hulhule Island Resort (HIH), followed by key luxury destinations such as Taj Exotica, Siru Fen Fushi Private Island, Ozen Reserve Bolifushi, and JW Marriott, among others.
The first phase will culminate with the launch of a flagship Solitario boutique at Marina Crossroads, a 1,200 sq. ft. duplex space positioned as the centrepiece of the brand’s Maldivian presence.
Building on this momentum, the brand has already outlined its Phase 2 expansion, which will include the addition of 15 more shop-in-shop locations along with a second flagship exclusive brand outlet, further strengthening its foothold in the Maldives.
Speaking on the launch, Ricky Vasandani, Founder, Solitario, said, “Our expansion into the Maldives is more than just a business milestone; it is a celebration of nature. By bringing Solitario to these pristine islands, we are offering a product that aligns with the environmental consciousness of the Maldives itself.”
Solitario Diamonds, founded in 2022 by Ricky Vasandani and Vivek Oberoi, operates 20 flagship stores and 42 touchpoints across key Indian cities including Pune, Mumbai, Delhi, Bengaluru, Chennai, Lucknow, Kolkata, Hyderabad and Indore, with an expanding international presence across UAE, Spain, the Bahamas, Nigeria, Malaysia and the Maldives.
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