The Retail Jeweller India’s Post

So, this is my Day 2/30 of being consistent on Social Media... Most of you may have heard about this brand already, but if you haven't you don't wanna miss this out... 👀 Have you heard about the story behind Kalyan Jewellers? So, in the year 1993, Mr.Kalyanaraman ventured out by investing ₹25 lakhs from his savings and taking a bank loan of ₹50 lakhs to start a jewelry business. He started a small showroom in Thrissur, a place which only had traditional jewelry shops run by families for generations. He had good knowledge of this market as he had previously worked adjacent to jewelry shops. Unlike other sellers at that time, Kalyanaraman had one goal - TO ENSURE TRANSPARENCY. For this, he displayed the entire jewelry stock he had. He built a spacious 4,000 sq.ft showroom in Thrissur for this purpose. This became a huge hit. People started coming to Thrissur from places like Palakkad and Malappuram for gold. After 7 years, he opened another showroom in Palakkad. What started with an aim of just 2 showrooms, today Mr. Kalyanaraman provides employment to over 1,000 people across multiple states. 👍 So that's how the story of today's Kalyan Jewellers unfolded. If you're interested in business and business strategies, consider following for more regular Updates! #business #story #kerala #jewellery

What is trust? Trust is the cornerstone of any business. This word might have a different meaning for everyone. In jewellery, your customer must feel confident in the quality and authenticity of every touch point they might have with you, not just the transaction. Establishing trust builds long-lasting relationships and a loyal customer base, that we are extremely grateful to have. I personally believe that the majority of business, relationships, and perceptions that we have today are the result of the goodwill of my grandfather. ✅ In an era of confusion and unfair practices, we were the first jeweller in Madhya Pradesh to have a whole BIS Hallmark jewellery store in 2002. ✅ Similarly, in 2003, Punjabi Saraf Jewellers was the pioneer in MP-CG to sell only IGI - International Gemological Institute India certified diamond jewellery. The foundation and the brand promise of transparency, customer satisfaction, and 100% fair dealing, which were set by my grandfather, are what Punjabi Saraf Jewellers always stands by. This picture is of our heritage store that we just opened after the India-Pakistan partition in the year 1947. Punjabi Saraf, Bada Sarafa (Rawalpindi waale) All this progress is the result of appreciation and trust that our customers and the city of Indore always had in us.📈🙏 #jewellery #transparentbusiness #diamondcertification #huid

Limelight Lab Grown Diamonds is a prominent brand specializing in high-quality, sustainable lab-grown diamonds that are ethical and affordable. Here are some of their best features that make them stand out: Why Choose Limelight Lab Grown Diamonds ? Sustainable and Eco-Friendly: Lab-grown diamonds are created using advanced technology with minimal environmental impact, making them a sustainable alternative to mined diamonds. High-Quality Standards: Limelight offers diamonds that are chemically, physically, and optically identical to natural diamonds. They are certified for quality and authenticity. Wide Range of Options: Their collection includes stunning engagement rings, wedding bands, necklaces, earrings, and bracelets, catering to diverse tastes and styles. Affordable Luxury: Lab-grown diamonds cost significantly less than mined diamonds while maintaining the same quality, allowing you to own exquisite jewelry at a better price point. Ethical and Conflict-Free: Limelight Lab Grown Diamonds are free from the ethical concerns associated with traditional diamond mining, ensuring a guilt-free purchase. Cutting-Edge Technology: They utilize advanced techniques such as CVD (Chemical Vapor Deposition) to produce flawless diamonds. Customized Jewelry: Limelight allows customization to create unique, personalized jewelry pieces tailored to your preferences. Popular Collections from Limelight Bridal Collection: Elegant and timeless pieces perfect for engagements and weddings. Everyday Elegance: Subtle and sophisticated designs suitable for daily wear. Statement Jewelry: Bold, eye-catching pieces designed for special occasions. Where to Buy Limelight Lab Grown Diamonds Limelight’s products are available across Pan India, through their official stores, leading jewelry retailers, and online platforms. You can also explore exclusive offers during their promotional campaigns. If you're looking for premium lab-grown diamonds, Limelight is an excellent choice for ethical, luxurious, and affordable jewelry!

From 22% in 2019 to 36% in 2024, the organized jewelry market is shining brighter than ever! 🌟 👑 Leading the charge is Malabar Gold & Diamonds, commanding an 8% market share with 203 stores nationwide. 💎 Titan (jewelry) follows closely with a 7% share and an impressive 937 stores across India. 🌟 GRT Jewellers, rooted in South India, boasts 58 stores and a solid 4.5% market share. 🔸 Kalyan Jewellers, with 217 stores spanning 23 states, holds 2.9% of the market, largely in the south. ✨ Lalitha Jewellers captures 2.8% of the market across Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana. 🌼 Senco, originating from West Bengal, shines in the East with 159 retail stores. As the sector continues to sparkle and grow, these key players illuminate India's love affair with jewelry! 💫💍 #JewelryIndustry #MarketTrends #BusinessGrowth #IndiaRetail

Thief in the family: How Karatmeter made Tanishq a profitable company Tanishque launched its brand in 1994 and by 1998 it had around 14 outlets in 12 different cities. Its profits were draining, and it came to a point where the profits were almost equal to the value of the business. The problem was that Small jewelers had taken over the jewelry market and because people trusted them so much they tricked the customers by selling low-quality gold for higher prices. In short, they sell 13 Karat of gold with a tag of 23 karat. Tanishq observed this malpractice and partnered with Titan which specializes in making watches. At first, Tanishq made 22 karats of gold and then asked Titan to use the power of print media to make the consumers aware of the fraudulent practices of these small jewelers and expose them in public. For the solution to the public, Tanishq offered to test the jewelry of the customers with an instrument called Karatmeter. This instrument uses an x-ray fluorescence machine that uses spectroscopy to measure the caratage, or purity, of gold in a few minutes. The first test was done in the Indore store when a lady who bought 10 bangles of 23 karat of gold was exposed to the reality that the gold was just 13 karat. It broke the lady’s heart and this is how Tanishq was able to create a brand value of its products and thus it became a profitable company. #Tanishqearrings #TanishqGoldCoin #Tanishqonline #Tanishqjewellery

USED GOLD BUYERS IN TNAGAR https://lnkd.in/gPJ6HYtK Used Gold Buyers in Tnagar Look for local jewelry stores, pawn shops, or dedicated gold-buying establishments in your area. You can use online search engines or directories to find nearby options.Explore our gold collection and go on a timeless elegance journey. Our dedication to finding only the purest gold means that every piece exudes an unmatched warmth and richness, which is what makes us unique. Our gold pieces, which range from traditional patterns to bold contemporary statements, are expertly and passionately made. What distinguishes us? Our capacity to combine classic workmanship with cutting-edge design to produce Gold that goes beyond fads and becomes a priceless heirloom.Familiarize yourself with the current market price of gold. Keep in mind that the price may vary based on factors like purity, weight, and the current market conditions.If possible, have your gold items evaluated for purity before approaching buyers. This will give you a better understanding of their value and help you negotiate a fair price.Look for local jewelry stores, pawn shops, or dedicated gold-buying establishments in your area. You can use online search engines or directories to find nearby options. #usedgoldbuyersintnagar

USED GOLD BUYERS IN TNAGAR https://lnkd.in/gPJ6HYtK Used Gold Buyers in Tnagar Look for local jewelry stores, pawn shops, or dedicated gold-buying establishments in your area. You can use online search engines or directories to find nearby options.Explore our gold collection and go on a timeless elegance journey. Our dedication to finding only the purest gold means that every piece exudes an unmatched warmth and richness, which is what makes us unique. Our gold pieces, which range from traditional patterns to bold contemporary statements, are expertly and passionately made. What distinguishes us? Our capacity to combine classic workmanship with cutting-edge design to produce Gold that goes beyond fads and becomes a priceless heirloom.Familiarize yourself with the current market price of gold. Keep in mind that the price may vary based on factors like purity, weight, and the current market conditions.If possible, have your gold items evaluated for purity before approaching buyers. This will give you a better understanding of their value and help you negotiate a fair price.Look for local jewelry stores, pawn shops, or dedicated gold-buying establishments in your area. You can use online search engines or directories to find nearby options. #usedgoldbuyersintnagar

Used Gold Buyers in Tnagar https://lnkd.in/gPJ6HYtK Used Gold Buyers in Tnagar Look for local jewelry stores, pawn shops, or dedicated gold-buying establishments in your area. You can use online search engines or directories to find nearby options.Explore our gold collection and go on a timeless elegance journey. Our dedication to finding only the purest gold means that every piece exudes an unmatched warmth and richness, which is what makes us unique. Our gold pieces, which range from traditional patterns to bold contemporary statements, are expertly and passionately made. What distinguishes us? Our capacity to combine classic workmanship with cutting-edge design to produce Gold that goes beyond fads and becomes a priceless heirloom.Familiarize yourself with the current market price of gold. Keep in mind that the price may vary based on factors like purity, weight, and the current market conditions.If possible, have your gold items evaluated for purity before approaching buyers. This will give you a better understanding of their value and help you negotiate a fair price.Look for local jewelry stores, pawn shops, or dedicated gold-buying establishments in your area. You can use online search engines or directories to find nearby options. #usedgoldbuyersintnagar

𝐊𝐚𝐥𝐲𝐚𝐧 𝐉𝐞𝐰𝐞𝐥𝐥𝐞𝐫𝐬: Strong Growth Amid Rising Gold Prices Key takeaways from our dialogue with Kalyan Jewellers' Regional Manager: • Robust demand persists despite higher gold prices, particularly during mini wedding season and Akshaya Tritiya • Average store size: 3,000-4,000 sq.ft. with inventory of ₹200-250 million • Focus on expanding FOCO (Franchisee Owned Company Operated) stores in Tier 2/3 markets • Hyper-local model tailored for semi-urban and rural regions • Mature stores achieving low double-digit Same-Store Sales Growth (SSSG) • New buyer contribution remains strong at over 40% • Higher studded jewelry share driving better ticket sizes compared to southern markets • Competitive strategies include attractive offers like 50% off on making charges 𝐌𝐚𝐫𝐤𝐞𝐭 𝐝𝐲𝐧𝐚𝐦𝐢𝐜𝐬: • Competition from established local jewellers and national chains like Tanishq and Malabar • Kalyan's entry typically draws 10-15% customers from competitors • Tanishq has narrowed its gold markup to remain competitive 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬: • 14 stores managed, including 12 FOCO outlets across Haryana, Delhi NCR, Uttarakhand, and western UP • Average making charge for gold jewelry: 14-16% • 50% of inventory tailored to local preferences • Store maturation period: 2-3 years in the northern region • Asset turnover: 2 to 2.5 times 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐭𝐫𝐞𝐧𝐝𝐬: • Working women prefer lightweight jewelry • Wedding season drives demand for heavy gold jewelry • New stores seeing higher studded ratio (30-35%) due to new designs • Average ticket size for FOCO stores: ₹75,000-80,000 • Wedding jewelry contributes 25-30% during season 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: • Expects strong footfall during upcoming festive season • Continued focus on FOCO expansion and hyper-local strategy Courtesy: Centrum India Kalyan Jewellers #india #business #finance #kalyan #jewellary #consumer #market

Wedding season to boost Indore’s garment sector 1) The wedding season is seen cheering the garment industry of Indore, a hub for more than 1,500 small and medium sized manufacturers, as order books have expanded amid surge in demand from the retail segment. 2) The wedding period is poised to generate substantial business for the ready-made garment and clothing market amid robust demand from outstation markets like Rajasthan, Uttar Pradesh, Maharashtra and southern states.