Kalyan Jewellers: For the full year FY2024, the jewellery retailer saw its revenue grow by 31 per cent on a consolidated basis as compared to the prior year.
Major jewellery retailer Michael Hill International is planning to finish a productive year on a positive note with the launch of a new Christmas marketing campaign.
Jewellery retailer Michael Hill is launching a new digital app to enhance its repair services as part of the company's new focus on 'circularity'.
Talking to ETRetail, Joy Alukkas, Chairman and MD, Joyalukkas India said that the jewellery chain is eyeing a 20 per cent YoY growth in its revenue. He added that the company aims to increase its revenue to Rs 17,500 crore from Rs 14,513 crore in FY23. The retailer is eyeing a profit after tax of Rs 1,100 crore this fiscal.
Pandora, an "affordable luxury" brand selling jewellery from silver charm bracelets to lab-grown diamonds, now targets a compound annual growth rate of 7-9% for the 2023-2026 period and an EBIT margin of 26-27% by 2026.
Jewellery retailer Malabar Gold & Diamonds has announced plans to invest Rs.1,000 crore ($138 million) and create 4,000 jobs in Maharashtra by 2025. The investment and job creation will be made possible through the launch of its centralised base of operations, Malabar National Hub (M-NH), in Mumbai. Spread across 50,000 sq ft, M-NH will house various operations including retail, procurement, e-commerce, and digital marketing.
Indian jewellery retailer Senco Gold & Diamonds has launched its first virtual showroom, called Sencoverse, on the metaverse. The platform aims to offer customers a more personalised and seamless shopping experience by bringing the brand's exquisite jewellery to life in the virtual realm. Customers can access Sencoverse from anywhere by visiting the platform and entering basic information. The virtual showroom provides a 360-degree view of jewellery items, interactive features for zooming in on details, and a try-on feature.
Indian jewellery retailer Senco Gold & Diamonds has launched its first virtual showroom, called Sencoverse, on the metaverse. The platform aims to offer customers a more personalised and seamless shopping experience by bringing the brand's exquisite jewellery to life in the virtual realm. Customers can access Sencoverse from anywhere by visiting the platform and entering basic information. The virtual showroom provides a 360-degree view of jewellery items, interactive features for zooming in on details, and a try-on feature.