The yellow metal has always been a sign of prosperity, and the shiny little rocks have always been a sign of affluence. Jewellery is pretty dear to women in India. We can see their faces light up while buying their jewellery of choice. It has become pretty common to buy jewellery on auspicious occasions as well, thereby making jewellery a booming business opportunity in India.
India is a land of rich traditions, heritage and culture and also a nation of vision employing entrepreneurs who have made the Business as smooth selling as it is currently. Here are the top tenJewellers in India.
KalyanJewellers-
Standing tall in Salt Lake sectorIII(Kolkata), the three-storied multiplex of a jewellery shop has always outshone competition since long. It started out big in Thrissur,Kerala with a capital of $110000 by the hands of T.S Kalyanaraman. Nig names were appointed as Brand ambassadors like Shah Rukh Khan, Amitabh Bachchan,Susmita Sen, Nagarjuna, ManjuWarrier and many more. Their advertisement budget would be nothing shy of $13 million, and the establishment has now grown to have 8000 employees and about a hundred showrooms nationwide.
Tanishq-
Tan and nishq come together to refer to a body covered in gold ornaments, and I’d say they delivered on their name, ornamenting the nation far and wide with their superior range of designs and quality. Tanishq started their journey having made gold studded (18k) watches during 1994. They soon upgraded to 22k gold and started their first store in 1996. Being a part of the TATA conglomerate, they had their worries about capital investment but not so much, to be honest. Tanishq in recent times does stand out of the crowd as it alone makes up to 40% of the TATA group’s revenue.
P.C Jewellers-
A Delhi based business founded by Padam Chand Gupta and his brother. It opened its first showroom in April 2005 at Karol Bagh, New Delhi. With time their number of showrooms kept on flourishing throughout India-Noida (2005), Dehradun (2007), Chandigarh (2009), Amritsar and Ajmer (2011). Currently, PCJewellers Limited has 86 stores in 70 cities. It has a CV worth noting having received appraisals and awards from B2C consultants, Academician’s Bureau Pvt. Ltd. The company has planned to open 20 stores yearly and also franchises.
Malabar Jewellers-
Founded by MP Ahammed in 1993, Malabar Golds and diamonds have not less than 250 showrooms spanning across ten countries.Not only in India, but it is also currently one of the topmost players in the jewellery Industry world. The company has an array of luxury watches. Indian markets make up for a third of the company’s revenue, and thus they are on an expansion drive since a long time in South East Asia specifically. They helped make the Dubai Celebration Chain in 2015, which was a 5km long-chain handcrafted by the finest jewellers and Malabar contributed about 2.5km of the chain.
P.C. Chandra Jewellers-
They had a head start in the industry as they are a jewellery house that began in Kolkata in 1939 and has continued to grow for over eight decades. As a result, their jewellery design is one of elegance and traditions and have their own niche that has never failed to bring in customers from far and wide. Although they love upholding traditions and follow a path of legacy, they never shy away from upgrading their style of craftsmanship over time, and that blends in well with urban settings of today. They are now integrating online shops as well to cater to the customers of this generation.
TBZ Jewellers-
Started in 1864 by Late Shri. TribhovandasBhinjiZaveri, TBZ flourished under his son as they introduced a ludicrous gold buyback scheme. The business expansion started long back as they began opening showrooms pretty early on and with those came revolutionary concepts like lightweight jewellery, certified solitaire diamonds and introduce 100% BIS hallmarked 22k gold jewellery. The 154 years of legacy thus has not been in vain. They have been a brand associated with Indian weddings and all occasions of sorts since long back in the day and have maintained their goodwill in the market till this day.
SencoJewellers-
Bridal jewellery and heavy design are synonymous with the name of senco as it carries weight in the heart of every Bengali. Started in 1994 at Kolkata, Senco emerged as a private limited company. In 2007 though, the board agreed on changing the name of the company and made it a public limited company in thejewellery business. Over the years, the brand has stood a symbolic stand against competitors and made a name for itself having emerged into the business this late. Affordable luxury is what is promised to its customers by senco, and they do deliver.
AmrapaliJewellers-
Founded in 1978 by Rajiv Arora and Ramesh Ajmera in Rajasthan, Amrapali has expert hands crafting tribal and uncut gemstone jewellery. Jaipur has a museum dedicated to showcasing Indian jewellery in all its traditional glory- The Indian JewelleryMuseum. Gemstone artistry is pretty common in these designs. Operated by Amrapali, the museum has a varied assortment of traditional jewel grade ornaments that include chains, pendants, earpieces, bangles, rings and anklets that have been curated by jewellers from all over India. The brand excelled in more ways than one and thus was commissioned by Harrods,London to design a crown for the Queen’s Diamond Jubilee.
Kiran Gems-
Some Jewellers have upped their game bringing online marketing into the picture. Headquartered in Mumbai, Maharashtra it is a platform that allows buyers to purchase loose diamonds. It was started by Mr. Vallabhbhai Patel, Mr. Babubhai Patel and Mr. Mavjibhai Patel in 1985, and since then the steady expansion of the diamond industry is yet ever-growing both in India and Globally. They work with eminent mining corps like De Beers, Dominion Diamonds and others. Their clientele is usually high profile like a revered watch and jewellery manufacturers and brands from all over the world. Kiran Gems is the “world’s largest manufacturer of natural diamonds and India’s Premier Diamantaire” as of now.
Joyalukkas-
Named after its Founder-Chairman Joy Alukkas, the company has expanded exponentially from being just a jeweller to dealing in FOREX, construction and luxury helicopter services from being just a showroom in Kerala in 1956. JoyAlukkas was crowned the first Branded Jewellery group in the Gulf countries and continued to expand into Dubai, Sharjah, and the UAE. Then the headquarters shifted to Thrissur, Kerala to cater to the growing demand of gold in Indian families. The aggressive expansion drive with the right vision made JoyAllukas into the giant of a conglomerate that it is, today.
These are the top 10 brands that have conformed to the social and economic norms of Indian Business and went on to do great for themselves in this country’s field of Jewelling Business.