According to PGI's 2019 Platinum Jewellery Business Review, young consumers, men’s jewellery and female self-purchase will build upon platinum’s pre-eminence in bridal jewellery to drive future demand
Strong US data and corporate results coupled with firmer dollar responsible for biggest one day percentage loss in a month
Owing to boost in financial markets, investors look towards equities causing drop in gold prices
Analysts revealed that participants could be taking positive cues from domestic markets, thereby pushing up prices at futures trade
According to a report by WGC, Uzbekistan emerged as the largest sellers of bullion with sales amounting to 6.2 tons in Jan-March 2019
The yellow metal might see an increase in prices upto Dh 3 per gram touching nearly $1300 an ounce
The yellow metal saw a slight decrease in prices, however positive global cues resctricted the fall
While the World Gold Council (WGC) has set voluntary guidelines for all countries, they have instructed respective country Governements to form their own regulatory norms
Gold rates of 99.9 per cent and 99.5 per cent purity advanced by Rs 75 each to Rs 32,720 and Rs 32,550 per 10 gram, respectively, in Delhi, while silver falls by Rs 70
World Gold Council (WGC) states that ongoing elections may act as headwin for gold demand due to restrictions on persons carrying cash exceeding Rs 50000.
In the first quarter of 2019, global gold demand grew to 1.053.3t according to World Gold Council's latest Gold Demand Trends report.
The 10.7 tonnes they sold over the three months is the best quarterly performance since Q4-17
As high-end consumers demand to know the origin of their treasures, some jewellers are ensuring they use responsibly sourced, eco-friendly or recycled gold
The slowdown in smuggling has boosted gold imports at banks in the world’s second-biggest buyer of the precious metal, allowing them to charge a premium over global prices
The All India Gem and Jewellery Domestic Council (GJC) has urged the consumer affairs ministry for standardisation in hallmarking purity across the country
In the international market, gold was trading lower at $1,289.83 an ounce and silver at $15.10 an ounce in New York.
Trade experts said softening prices of the yellow metal in the world markets could be the reason for the contraction in imports
According to a new federal order, there is a ban on unregulated deposit plans where in the consumers are promised installment waivers
Industry experts said softening prices of the precious metal in the world markets could be the reason for the contraction in imports.
The report talks about how despite some improvement in the stock markets, gold continued its momentum from Q4 2018
Global gold demand reached 4,345.1 tonnes (t) in 2018, up 4% on 2017 and in line with five-year average demand of 4,347.5t, according to the WGC's latest Gold Demand Trends report.
Born out of a combination of cutting-edge technology, Swiss ingenuity and watch making design, this is the new benchmark for men’s haute joaillerie.
The domestic industry has demanded a cut in import duty on gold to 4% from the current 10%
SEZs outperform DTA in gold jewellery export owing to beneficial zero-duty structure. The industry demands for a reduction in customs duty.
The Summit was inaugurated by Suresh Prabhu, Hon’ble Minister of Industry & Commerce who spoke of the importance of strengthening our exports market.
The World Gold Council and MMTC-PAMP India Pvt. Ltd. have jointly launched the ‘Precious Metals Assay and Training Institute’ (PMATI) to develop a new generation of skilled assayers.
India has over 220 BIS-recognised assaying and hallmarking centres; and maximum of them are located in Tamil Nadu, followed by Kerala.
A holistic marketing campaign aims to create awareness amongst consumers to buy hallmarked gold during festive season.
Lower gold prices saw retail investors take refuge in bars and coins, while jewellery purchases increased in India, China and across South-East Asia.
A fusion of contemporary edginess and style with heritage forms and craftsmanship
CaratLane - a Tanishq partnership announces its foray into silver jewellery with ‘Shaya’.
It’s true that the jewellery you choose is a reflection of your taste, feelings and fashion sensibilities, so don’t shy away from picking something that inspires you and speaks to you.
27 Leading Indian Silver Jewellery manufacturers and 49 International buyers from 16 countries participate at the BSM
With two distinct segments namely Jewellery which will include pieces designed with a stylistic approach suited for aristocratic appeal, while the Fine Silver segment exudes the noble attributes of silver showpieces.
The collection has wide variety of causal and party wear earrings.
The World Gold Council (WGC) said it will soon submit the blueprint on spot exchange for yellow metal to the government.
Ganpati is a unique collection from Tribe that pays tribute to the god of blessed beginning through its lovely handcrafted Ganesha designs and miniature handmade paintings.
‘Heritage Week’ by ANMOL celebrates the rich and diverse culture of the country while paying tribute to the Indian Karigars who work relentlessly to keep the Indian artistry alive.
The duty-paid gold imports into India, the world's second biggest buyer of the precious metal, declined by 31.56 per cent to 168 tonnes during the April-July period of this fiscal due to sluggish demand.
Avail of attractive discounts on a wide array of exclusive designs!
The brand has introduced two sterling cufflink gift sets for Raksha Bandhan that would suit every Indian brother’s taste.
Gaurav Jain has been elected as a President while Vikas Vaid will be the Vice President of the association.
Almost 600Kgs of gold and 3500Kgs of Silver goods were detained by the Customs Department at Jaipur Airport.
The design and symbols used in this collection preserve a sliver of ancient history, making each piece a timeless keepsake, apt for the centuries-old relationship between siblings.
The night hosted by GJC was sponsored by GIA, Uma Ornaments and BVC Logistics.
Global gold demand remained muted in Q2 2018 at 964 tonnes (t), 4% below the same period in 2017, according to the World Gold Council’s latest Gold Demand Trends report. Slower inflows into gold-backed exchange-traded funds (ETFs) created a weak comparison against the highs of last year, contributing to the lowest H1 demand since 2009. Whilst China, the world’s largest gold market, saw a 7% rise in consumer demand.
GJEPC organizes skill training programme for Gems & Jewellery Sector
The brand provides exclusive jewellery, by customizing and restoring the old pieces.
The collection of sterling silver cocktail rings captures the natural effervescence of raindrops and takes inspiration from the season of heavenly showers.
In the short-term, geopolitical tensions especially between the U.S. and China would continue to impact the diamond sector, while rising prices and a falling rupee would weigh negatively on the gold jewellery segment, says Care Ratings report
Licence fees will now be known as Registration fees and it will be based on turnover in place population.
A total of 18 tax items involving jewellery categories are included in the tariff reduction, with an average tariff rate drop of 68 per cent.
Fuelled by an expanding economy and rising wealth, China's gold jewellery demand has boomed since the early 2000s.
Silver also dropped on lack of demand from industrial users.
The two nations implemented a free trade agreement in January 2010. Under the pact, basic customs duty on gold was eliminated.
Under the 'bonded basis' imports, the duty free consignment will not be allowed for domestic use and the entire gold will have to be exported after value addition.
Beautifully crafted wrist cuffs, bangles, rings and heavy earrings look regal in yellow gold.
The gold jewellery demand is likely to face pressure in the long term, however, the country's demographics will offset the trends and boost demand, the World Gold Council (WGC) said in a report today.
The World Gold Council today launched a one-off essay collection, Gold 2048, bringingtogether industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years.
The collection “ADI – SHAKTI” is curated with traditional jewellery giving contemporary twist for women of all age groups who aspire to be independent, creative and at the same time deeply feminine.
Bhindi Manufacturers is a globally reputed jewellery manufacturing house with a glorious tradition of excellence of over twelve years.
Bitcoin’s parabolic price rise was the big story of 2017 – putting the spotlight on the cryptocurrency market. While gold’s performance was a solid 13%, it was a fraction of the 13-fold increase of bitcoin by the end of the year.
The upcoming B2B show will provide an excellent platform for buyers and suppliers to connect, network, exchange ideas, discover upcoming trends and generate business opportunities.
120 stunning designs have been nominated in 13 broad categories
Recently, CARE had moved Nathella Sampath Jewellery to ‘Default’ rating based on the available public information
A leader in watches & everyday jewellery, Tanishq aims to enter the bridal segment with Rivaah
4 broad categories and over 600 jewellery designs are waiting for your precious vote.
The importers will now have to obtain a license from the Directorate General of Foreign Trade (DGFT) for importing gold and silver from South Korea.
Luxury Jewellery house Manubhai Jewellers, known for their mesmerizing designs launches its latest range of Jhumkhis for the festive season with a dedicated Jhumkhi Festival.
Economic Suvery Volume II 2016-17 stated that 3 per cent GST on gold is low and are disproportionately consumed by the ‘very rich’.
The campaign is dedicated to promote national defense effort amongst the people wherein the entire family will be donating donate Rs. 1 or more each day for 365 days and the collected fund will be donated to ‘Indian Army Welfare Fund’.
The government has banned exports of gold jewellery, medallions and other articles above 22-carat purity in a bid to check round tripping of the precious metal.
The jewellery is inspired by Being Human’s 6 core brand values as love, care, share joy, help and hope.
The 'Mangal sutra Mohatsav' will continue till 20th August 2017.
Chennai based jewellers approach Chief Minister Edappadi K.Palaniswami for GST exemption on a few gold and silver ornaments.
Izaara, a premium silver Jewellery brand unveils a spellbinding range of festive Jewellery that is expressive but not expensive.
The handcrafted gold Peacock set has a very unique and exclusive design.
Shobha Shringar Jewellers was the official jewellery partner for Fbb Colours Femina Miss India 2017
Adawna, a contemporary silver jewelry brand presents its latest assortment shaded in beautiful Marsala hues.
Over 50 year old brand is known for innovative designs and workmanship for Mangalsutras.
Around 1000 Tulsi plants were distributed in the city.
Izaara, a premium silver Jewellery brand from the house of WHP Jewellers establishes 26 unique touch points PAN India with kiosks across 5 PVRs in Mumbai.
A tribute to the awe-inspiring workmanship of the sacred places of worship through these splendid pieces of sculptured jewellery
Celebrate EID With A Range of Multi Functional Passas From Ghanasingh BE TRUE
A perfect balance of timeless elegance and culture, the Soulmist collection imbibes rich elements of Sufism into every piece.
Izaara, a premium silver Jewellery brand initiates a fresh trend with an entrancing range of statement earrings where each silver bauble derives its inspiration from the Italian craftsmanship.
This Father’s Day, Anmol celebrates the spirit of fatherhood with an exquisite range of men’s jewellery.
Taking inspiration from the tiny droplets of water and the serene colours of the season, Ghanasingh BE TRUE presents an exquisite new range of jewels this monsoon.
India, whose forte lies in crafting intricate handmade gold jewellery, should capitalise on this opportunity by building necessary infrastructure, Commerce and Industry Minister Nirmala Sitharaman said.
The 185 years old heritage brand PNG Jewellers announces its much awaited second edition of Painjan Mahotsav commencing from 15thJune, 2017.
Renowned designer, Falguni Mehta envisions a bespoke range that makes for an instant heirloom upgrade for the Brides-to be.
IEC holders are required to quote their PAN (in place of existing IEC) in all their future documentation, w.e.f. the notified date.
The collection comprises of earrings, trendy handcuffs and stylish rings.
Iconic fine jewellery label Gehna Jewellers presents a refreshing wedding collection inspired by the beauty of monsoons.
Gold extended its downward movement for the fourth straight day as the prices fell Rs 70 to Rs 29,300 per 10 grams at the bullion market.
GST Council’s earlier decision on fixing 18% GST on making charges on jewellery received a lot of flak from the jewellery industry.
The 3 percent tax on gold jewellery is not likely to cause any major disruption to the overall gold demand, ICRA said in a report.
Banning of 24-carat jewellery may help prevent misuse of bank funds and round-tripping of gold according to finance ministry.
Maintaining an upward trend for the third straight session today, gold prices rose by Rs 160 to Rs 29,750 per 10 grams at the bullion market
GJEPC raising its concern over GST on Diamonds mentioned in a release that the move would cause a set-back to the export oriented diamond industry.
Featuring 15 adorable animal characters, this collection is a fusion of lively colours that catch the eye.
Minawala launches Fire & Ice, dual tone gold jewellery.
WGC latest report shows that Indian gold demand supported world gold demand in the first quarter of 2017.
Izaara, a premium silver jewellery brand adds glamour to the adventure of the modern women on wanderlust with a stunning range of earrings.
Tanya Rastogi captures the enigma of cerise in her Cocktail Earrings collection with scintillating rubies.
Manubhai Jewellers brings in the magic of monsoon with a splendid range of Cocktail Rings inspired by nuances of rainy season.
The ‘Stardust’ collection comprises of dainty earrings, rings and pendant sets meticulously handcrafted in 18K Rose Gold and embellished with sparkling diamonds in graceful and contemporary designs.
Cash flow normalising, the buyers thronged to buy gold and jewellery on the Akshay Tritiya,
reports Kavita Parab.
Reliance Jewels brings to you an exclusive wedding collection that embarks the beginning of a new journey with celebration, love and happiness.
Dillano Jewels, the luxury precious jewellery brand launches jewellery for the modern women.
The success in Asian countries has given Trollbeads taste for more of Asia. Hence, Trollbeads has now set its eyes on India.
’Durja’, in Sanskrit means invincible’ and is a tribute to the mighty and majestic creature- the elephant.
On the anvil of the wedding season, PNG Jewellers is back to enthral you with an unbelievable offer on light weight diamond you cannot resist.
Adawna presents its exclusive range of “Minimal Jewellery” collection for modern women.
Anaqa Jewels, one stop destination for all kinds of jewellery introduces its chic and gorgeous chains collection.
Upscale your travel extravaganza with the perfect travel companions in the form of pretty dainty hoops and bracelets from Entice.
Sangeeta Boochra unleashes wild jewellery pieces inspired by animals.
The collection depicts the various animals and insects that represent life in a forest.
Iconic Fine Jewellery Label, Gehna Jewellers celebrates the purest form of love – the bond between a mother and daughter with their new Heirloom Collection.
The new Tiffany HardWear collection presented in the campaign embodies the strength and spirit of the modern woman, imbued with the soul of New York.
Manubhai Jewellers captures the royal charm in its enticing range of Cocktail Earrings.
Yoube Jewellery, a diamond design house has an endearing collection especially for world’s most beautiful women – Mothers.
Indian jewellery demand consumed a 15 per cent higher - 124 t of gold jewellery due to RBI’s remonetisation buoying consumer sentiment.
The 'Be Mine' collection is a tribute to the love and the ease of life.
Gioielli by Parneet Thukral, a contemporary fashion Jewellery brand, launches its latest chic and gorgeous tassel collection.
Blake Lively wore Lorraine Schwarz's 130 carats of sapphire accessories and a 50-carat diamond ring.
Cherish the bond that you most deeply respect and hold dear with the overarching superwoman in your life through 'Shine On’ diamond jewellery range.
Amrapali Jewels, the official jewellery designers for “Baahubali 2” launched the “Baahubali” collection.
Keeping alive the summer vibes, the brand presents an exciting range of trinkets ranging from striking danglers, chic tennis bracelets to classic ear studs.
G&J exports account for 15.71% of the country’s total exports in FY17.
After a dull 2016, jewellers are expecting a good run this year with an increase in around 15 per cent in sales, reports Kavita Parab.
Introduces ‘Nava’, ‘B-Iconic’ and ‘Blockbuster’ collections ahead of the auspicious festival, with a range of exciting offers.
Each Jewellery piece is being crafted in 22 kt gold and embellished with the diamond and white gold.
Kalyan Jewellers today acquired the online jewellery firm Candere to augment its presence in the growing online jewellery segment for an undisclosed sum.
This Akshaya Tritiya, shoppers can bring home endless prosperity with temple jewellery from Navrathan Jewellers.
Industry looking forward to this day, as it is just before GST, says Nitin Khandelwal, Chairman GJF.
Ghanasingh BE TRUE Presents 'A Jewellery Festival' with Exciting Offers on the Auspicious Occasion Of Akshaya Tritya.
Usher in happiness and prosperity this Akshaya Tritiya with Sangeeta Boochra's range of auspicious jewellery.
Spread over 2200 sq.ft.area, this one of a kind store offers fine handcrafted luxury jewellery to its clients.
Trading in gold ETFs will resume at 1630 hrs and continue till 1900 hrs after the markets close at 1530 hrs.
Renowned for ornamental legacy, jewellery Connoisseur Tanya Rastogi brings in Festive Earring Collection that reflects the royal hues and richness of Indian Culture.
As Akshaya Tritiya, one of the most auspicious day for buying gold approaches, Manubhai Jewellers announces luxurious designs at its ‘Bangle Fest’.
Chennai-based Prince Jewellery now has 4 stores now under its wing; the brand new store opened at Tambaram, Chennai.
Known for its luxurious designs, 2Divine – The Lifestyle Temple by Dimple Nahar unveils their latest collection for Akshaya Tritiya.
Following the successof Bibhu Mohapatra’s debut jewelry line with Forevermark, the extension of the versatile Artemis™Collection is now available.
Being Human Jewellery aims to bring you good luck this Akshaya Tritiya.
The Denmark based store opens its first store in DLF Mall, Noida.
New Ambassador a perfect fit for ‘dare to be different’ business model of India’s first online jewellery marketplace.
ORRA one of India’s most preferred brands when it comes to jewellery, launches an exciting collection of bridal jewellery set in gold.
Jewels by JADAU, a UK-based jewellery brand, is introducing its Delhi story via their new collection, Murtaza.
Veteran designer Shillpa Purii reaches a milestone in her career.
IIGJ offers courses in Jewellery Designing, Manufacturing Techniques & Management.
Dazzling Fine Jewellery to accentuate your Beauty.
For a brand that’s on a mission to democratize access to jewellery, this store launch is another step forward in expanding its retail footprint and making its jewellery more accessible.
The company’s recently launched Athira Bangles & Myrah Handmade Bangles are the collection of designer bangles boasting of their finest craftsmanship.
One of Tamil Nadu's renowned jewellers, GRT was awarded Rs 50 Lakhs by PM Narendra Modi and MD GR Radhakrishnan donated the money back for the Swachh Ganga Misson.
Add a Fashionable touch to the summer zest from Entice.
Shruti Sancheti, Lulia Vantur, Tara Sharma, Ragini Khanna and many more walked the ramp in Ajoomal Fine Jewellery.
This is a move to strengthen its position in the brick and mortar space and also increase its turnover in 2018.
This showroom will be the 5th store to be inaugarated globally.
The precious piece will be auctioned at Sotheby’s Arts of the Islamic World sale and is estimated at up to £80,000.
An ardent lover of Chopard, Rihanna now becomes the official brand ambassador for Chopard, for the Rihanna Loves Chopard Collection.
Upto 50% off on making charges of gold jewellery & Upto 30% off on Diamond Jewellery.
CaratLane, India’s leading omni channel jeweller launches a new range of 22Kt gold jewellery inspired by tradition.
Ace jewellery designers Wendy Yue and Jade Jagger talk about being contemporary mothers as Mother's Day fast approaches.
Dwarkadas Chandumal Jewellers “Floral Collection” exudes eternal beauty, joy and mysticism.
Gold price dips owing to a decrease in demand from local jewellers overseas.
ANMOL revisits the era of Royal India with their Heritage Jewellery collection that reflects the intermingling of the Persian & Indian culture.
Velvetcase presents its magnificent range of sleek and edgy accessories for women to rejoice this summer season.
Kalyan Jewellers has recieved a total of Rs 1700 Cr in funding from Warburg Pincus.
Being Human Jewellery launches Uniquely crafted jewellery in 18 Ct. gold and natural diamonds and is now available on Amazon.
Produced in pearlised yellow celluloid, with either sterling silver or solid 18K gold parts, the Memory Pen is as fascinating as the topic that stimulated its creation.
The house of Ghanasingh BE TRUE presents their limited edition capsule collection 'Dancing Peacock'- a unique style enhancer!
With the festive season upon us, attractive offers by PNG Jewellers will add sheen to your celebrations.
Just in time for the wedding season, luxury label Ghanasingh BE TRUE creates stunning statement neck pieces.
Navrathan Jewellers launch yet another stunning Traditional Jewellery collection keeping in mind the traditional and modern sensibilities of today's women.
It comprises of an alluring variety of minimalistic pendant and each piece is an eternal album that embraces age-old charm of the most eternal designs in the form of pendant sets.
Reliance Jewels’ specially designed Aavaran Collection that can act as a safety device
Standard gold (99.5 purity) advanced by Rs. 50 to end at Rs. 29,195 per 10 grams from last Friday’s level of Rs. 29,145.
Make the woman of your life feel more beautiful with the pretty detachable ear studs and hathphools from Entice.
Tribe by Amrapali launches ‘Utsav’ a vibrant collection of jewellery on account of the festival of colours.
Right from the supreme variety of Swarovski bangles, diamond earrings, pendant sets to floral rings, gorgeous women can avail anything from it.
This collection will be available on the leading e-commerce fashion portal - Pernia's Pop Up Shop.
Add a Touch of Boho Chic to your Wardrobe with this tassel collection
The renovated temple is now much bigger in size, it can accommodate many devotees, who earlier had to leave the vicinity and travel to various parts of the city for Ganesh darshan.
Having transformed from an extremely traditional ear ornament worn only at grand weddings or celebrations, the modern day Sui Dhaga is light weight, available in myriad designs and creates a unique twist on the contemporary danglers/ drop earrings.
'Beads and Tassels' collection designed is romantic in appeal and is distinctive in nature. With shades of blue, purple, green, white and reds, we have a match for every stunning outfit.
Swarnvarsham diamond jewellery can be bought using easy one month and 3-6 months EMIs schemes
The proposed jewellery park is slated to come up on an 8-acre plot beside Belgharia Expressway in West Bengal.
The collection is a diverse range of 18K white and yellow gold diamond baubles with baguette, cabochon and marquise rubies, traditional and contemporary necklace sets with pearls and a pendant sets with blends of polki and red enameling.
The collection flirts with various textures and tones of 18K yellow, rose and white gold capturing the spirit of love.
Gold demand in the country has suffered drastic downfall by 21 per cent mainly because of demonetization.
Taking a stance of 'no news is good news' jewellers today hailed the Union Budget, saying the focus on digitalisation is going to give an impetus to the sector and drive consumption.
Lumineux Uno, the New Age special metal that is an amalgamation of platinum, palladium, silver and gold and is four times more precious, with an extra lustre and strength.
BlueStone.com celebrates the season of love with a range of unique, quirky designs that say I Love You.
The company has signed a distribution deal with an Indian company.
The revival of Kolar mines is expected to help the government bring down its import bill.
With this, the company is confident that India’s most desirable and profitable jewellery brand, Tanishq, will get even more desirable for customers and attractive to investors.
Gauri has established an entire range of jewelry which she designs and manufactures in her own workshop at Kolkata under the label ‘Gauri’.
Multi-pierced earrings look super cool if you love to embellish your ears with more than one pair.
Around 65 per cent of the jewellery will cater to women with collections like Boho, Metal Faith, Tassel and Bling while 35 per cent of men’s range will constitute of Being Human Value collection and Funk collection.
This collection boasts of timeless Christmas charms such as snowflakes, which are intricately etched in pure 18K white gold and bedazzled with sparkling diamonds, which are sure to melt your heart at first glance.
Shades of Love is a mélange of adorable cufflinks, tie pins, rings, hoops and earrings which aims to complement men and women on the occasion of Valentines.
Izaara is one of its kind premium silver jewellery that brings concept driven ethno contemporary designs that includes rings, earrings, bracelets, cuffs, pendants and necklaces in a range that appeals to the taste of a modern Indian woman.
During the festive season, to add up to the festivity, Lala Jugal Kishore Jewellers introduced ‘SwarnaRatri’ contest where 9 lucky winners got the opportunity to win Gold Coins (1 each day).
Key growth segments include fine dining, electronics, luxury travel, personal care, jewellery and luxury cars
It kicks off with three collections inspired by Kolkata, renowned for its spirited culture and taps into the mystique and nostalgia surrounding old Bengali houses.
Sreedhar GV, Chairman, All India Gems & Jewellery Trade Federation (“GJF”) Statement on move to encourage jewellers to go cashless
Dugri Style is fantastic for all generation and age group whether it’s a young girl or someone who loves dressing up in family occasion.
The demonetization move aims to reduce India’s dependence on Gold imports, which has a direct bearing on current account deficit and rupee value.
Inspired by a timeless symbol of grace - Peacock
Encased in conscious confines of white diamonds and metal of milder hues of (18K) yellow and white gold, precious stones of vivid rubies, emeralds, yellow-champagne diamonds and pearls appear as dollops of surprise in the frosty background.
The inherent feature signifies altering the earring into a new one whenever you wish to. To display the femininity and royalties, these earrings are designed for the people carrying a love for variety.
The Amended I-T Act will also not apply to tax ancestral jewellery and gold.
Though export market and large diamantaires in the organised sector may not be impacted much, small and medium players, carrying out local trade and sourcing, are expected to feel the pinch of currency recall exercise, it pointed out.
Gears up for an aggressive expansion plan with 500+ Outlets by March 2017