“The sheer size of India’s youth combined with improved education paves
the way for sustained growth in purchasing power and makes India’s consumer
story one of the world’s most compelling for the next 20 years.”
“India is one of the world’s major markets for consumer sales of
diamond jewellery and it has perhaps more growth opportunity than anywhere else in the world.”
Jewellery retail today is one of the most attractive areas for investment today as the CEO of one of the world’s largest diamond companies has pointed out.
Did you know that:
India’s retail market will almost double to US$ 1 trillion by 2020 from the current estimated size of US$ 600 billion in 2015. Main growth drivers are income growth, urbanisation and attitudinal shifts.
The overall retail market will grow at 12%, with modern retail expanding at 20% per annum.
India is the largest consumer of gold jewellery and 4th largest of diamond jewellery in the world.
Share of organized retail jewellery increasing rapidly.
The rising number of working women with increasing fashion awareness is driving the higher spend on branded jewellery.
Over the next decade, there are likely to be 15 million weddings per year in India, where more than half of the population is under 25.
Gitanjali Group is one of the world’s largest integrated branded jewellery manufacturer-retailer with an annual turnover of over $ 2.5 billion. It is a leading name in diamond and gold jewellery branding and retailing, both in India and overseas.
Since 2015, Gitanjali Group has been ranked each year among the Top 50 Global Luxury Brands by globally renowned consultancy firm, Deloitte.
The Group pioneered the jewellery retail revolution in India by launching’Gill’ way back in 1994. It today owns and distributes eight out of the top ten jewellery brands in the country including Gili, Nakshatra, Asmi, Sangini, Nizam and Parineeta to name a few.There are many other significant branded offerings catering to various consumer niches across both the fine and fashion jewellery segments.
Gitanjali is known for its constant innovation and adaptability in terms of product development, constantly evolving fresh lines based on new techniques and even technologies.This has enabled the brand to regularly deliver amazing designs that fulfil consumer expectations on both size and price points. It has recently introduced the New Age precious metal LUMINEUXUnoGOLD which is an amalgamation of gold, silver, palladium and platinum.
Gitanjali is also known for its creative marketing and advertising thrust that has led to top of the mind recall for every brand. Every brand is supported by an online presence a comprehensive social media strategy.