The Audit · Chapter 01 · Jewellery

India’s listed jewellers built 4.4 lakh crore of offline brand. Their websites are not part of that work.

We ran our public audit against every publicly-listed Indian jewellery company — seven houses, referred to throughout this report by their market-cap rank (House 01 = largest). By our methodology the median Sheenhaus Score is 43/100. None of the six measurable houses scored above 60. The largest by market cap returned HTTP 403 to our automated request and could not be scored. What follows is what the data we could collect shows.

Constellation · The seven housesX · Market cap  ·  Y · Sheenhaus score
70 · COMMISSIONED50 · DRIFTINGNOT MEASUREDHOUSE 0124HOUSE 0252HOUSE 0360HOUSE 0428HOUSE 0553HOUSE 0634HOUSE 07← BIGGEST OFFLINESMALLEST →
Dot size scales with market capitalisation. The largest house, by some distance, is the one we could not audit at all.
IThe verdict

A category that has not noticed the web changed.

Median Sheenhaus Score
0

Range 24–60 across 6 measurable houses. The largest by market cap returned HTTP 403 to our automated request and was not scored.

Built on template / page-builder stacks
0%

Every auditable house ships some combination of WordPress, Shopify, Wix or similar — visible in the page source within seconds of opening Inspector.

Exposing CMS scaffolding in URLs
0%

`.php`, `?id=27`, `/wp-content/`. A small detail. Premium buyers read it as a signal of the rest.

Missing structured data for AI assistants
0%

When a buyer asks ChatGPT or Claude for the best Indian jeweller in 2026, the model relies on JSON-LD schema to read each brand. Most of the sample is invisible to it.

IIDistribution

The whole sample sits in the lower half of the scale.

Each band groups the houses by their composite score. A score of 70+ is what we’d expect of a brand that has commissioned its site; below 50 is where the digital surface actively undermines the offline brand. The whole listed-jewellery sample sits in the lower two-thirds of the scale.

Hover a band to see the houses in it.

IIIThe twelve signs · prevalence

The same patterns repeat across every house.

Each row shows the percentage of the auditable sample exhibiting that sign. The patterns at the top are not isolated lapses — they are how the category builds websites. Click any sign to read why it costs the brand.

IVThe houses, in order

The audit, side by side with the balance sheet.

Sort by audit score, market capitalisation, or quarterly sales. The gap between the financial size of the offline brand and the craft of its digital presence is the brief, in one row.

Sort by
  • House 01
    By market cap · publicly listed
    Market cap
    362.2k cr
    Quarterly sales
    26,920 cr
    Sheenhaus Score
    Not measured · blocked
  • House 02
    By market cap · publicly listed
    Market cap
    36.4k cr
    Quarterly sales
    10,275 cr
    Sheenhaus Score
    245 signs
  • House 03
    By market cap · publicly listed
    Market cap
    11.9k cr
    Quarterly sales
    2,839 cr
    Sheenhaus Score
    524 signs
  • House 04
    By market cap · publicly listed
    Market cap
    8.1k cr
    Quarterly sales
    875 cr
    Sheenhaus Score
    603 signs
  • House 05
    By market cap · publicly listed
    Market cap
    7.3k cr
    Quarterly sales
    1,768 cr
    Sheenhaus Score
    285 signs
  • House 06
    By market cap · publicly listed
    Market cap
    7.2k cr
    Quarterly sales
    681 cr
    Sheenhaus Score
    533 signs
  • House 07
    By market cap · publicly listed
    Market cap
    7.1k cr
    Quarterly sales
    3,544 cr
    Sheenhaus Score
    344 signs
Where this leaves you

The category is collectively undefended.

The brand that closes this gap first — not with a flashier site, but with the kind of restrained, considered, AI-readable digital presence its showrooms already are — will own the category online for a decade. We’d like to help build it.

Methodology

We audited the homepage of each company on 23 May 2026 using the same heuristics that power the public /audit tool. Financial figures are from Screener.in for the most recent quarter. Scores are computed from twelve weighted detectors outlined in our twelve signs diagnostic. Houses are anonymised throughout this report and referred to only by their market-cap rank (House 01 = largest). The largest by market cap returned HTTP 403 to our automated request and could not be scored — the same behaviour visitors see when sharing the URL on Slack or WhatsApp.

Right of reply

The Sheenhaus Score is one studio’s composite metric, not an industry standard. Any brand named here that disputes a specific measurement is welcome to write to hello@sheenhaus.com — we will publish a correction or a clarification within fourteen days.

Notice

This report is editorial commentary on publicly accessible websites. All company names, brand marks and trademarks remain the property of their respective owners and are used here under nominative fair use for the purpose of comparative analysis. The report does not constitute investment, legal or financial advice. Audit results reflect a single point-in-time measurement on the date noted above; current state may differ.

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All third-party brand names and trademarks remain the property of their respective owners. Published audits are editorial commentary on public information.