INDIAN JEWELLER

Good for gold, average for jewellery, slow for loose stones @ IIJS Signature

As always gold segment witnessed maximum footfall as compared to loose stones and jewellery, reports Indian Jeweller team.

Post By : IJ News Service On 24 February 2015 10:46 AM
After clocking a sale of 1,000 gold coins till November 2010, Reliance Money Infrastructure Ltd (RMIL) is ambitious of doubling its sales by March 2010 ( the end of its fiscal year). The sale has valued over Rs 200 crore. The company offers gold coins in the range of 0.5 gram, 1 gram, 5 grams, 8 and 20 grams denominations. %% The company believes the gifting segment to be the potential focus for sales. During the festive season in India, between October- November 2010, sales of over 500 kg of gold coins occurred. %% To achieve its targets and meet consumer demand, the company plans to increase its distribution. Currently it reaches out to consumers through 700 post offices ( it has tied up with India Post) and now plans to take this number to 1000. The company is expecting a rise in demand from retail and corporate customers.

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