Mr. TS Kalyanaraman, Promoter & Managing Director of Kalyan Jewellers, acknowledged Warburg Pincus’s contribution to the company’s growth as the private equity firm exits by selling its remaining stake. Mr. Kalyanaraman will acquire 2.36% of the shares for ₹1,300 crore, raising the promoter group’s shareholding to 62.95%. The deal is expected to close within four weeks.
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Mr. Joy Alukkas, Chairman and Managing Director of Joyalukkas, revealed that the company has decided to postpone its initial public offering (IPO) by an additional two to three years. Instead, Joyalukkas is concentrating on organic growth strategies to achieve its ambitious revenue goal of INR 50,000 crore over the next six to seven years.
When the mood board suggests ‘more is more’ and baubles are in abundance, stacking is the way to go! With maximalism making a comeback, this is an exercise in blending whimsy and playfulness to create an interesting look.
International Institute of Gemology (IIG), a premier institution in gem and jewellery education, made a significant impact at the IIJS Premiere 2024 by unveiling a ground-breaking collaboration with the renowned ‘Dubai Business Group for Gold and Jewelry Designers’. This alliance underscores IIG’s commitment to fostering international connections and driving innovation in the global jewellery industry.
One of the world’s largest gem & jewellery B2B shows – India International Jewellery Show (IIJS) Premiere 2024 organised by India’s apex trade body, The Gem & Jewellery Export Promotion Council (GJEPC) – set a new staggering record by generating a staggering USD 12 billion of business over 6 days.
According to data released by the Gems and Jewellery Export Promotion Council (GJEPC), the apex body for the Gems & Jewellery Industry in India, the overall gross exports of Gems & Jewellery in July 2024 stood at USD 1665.4 million (INR 13922.03 crores) showing a decline of 23.28% compared to USD 2170.71 million (INR 17831.68 crores) for the same period last year.
A concept that has been successful in Brazil since 2023 will come to the USA for the first time in November to reach out new region and companies interested in connecting in a safe business environment.
Jos Alukkas, the leading retail jewellery player, has unveiled a new showroom in Warangal. The showroom was inaugurated by Warangal West MLA Naini Rajender Reddy. Former MP and Mayor Gundu Sudharani was the chief guest, and film star Keerthy Suresh attended as the special guest. The showroom is located at Nakkala Gutta, Hanamkonda in Warangal.
Kalyan Jewellers launched its brand new showroom in Ambala. The new and luxurious showroom located at Partap Nagar, Kalka Chowk on GT Road solidifies the company’s presence in Haryana, featuring an extensive range of designs from various collections.
Raksha Bandhan is a festival deeply rooted in Indian traditions, which is set to be elevated with the introduction of an all-new jewellery line – ‘Tyohaar’ that beautifully blends tradition with contemporary elegance.
