In the wake of devastating flash floods and landslides that have struck Wayanad, Kerala, Kalyan Jewellers has made a substantial pledge of Rs. 5 crore to the Kerala Chief Minister's Distress Relief Fund (CMDRF)

The jewellery industry in India is highly competitive and fragmented. Some entities tend to do well, while some get into a rut. Priyanka Talreja Garegrat identifies some key elements of successful companies in the industry

The appointment will be subject to obtaining requisite regulatory and shareholders’ approvals; TS Kalyanaraman will continue as managing director on the company’s board

The new showroom in Thiruvananthapuram at Lulu Mall is the company’s 152nd showroom globally, and 122nd in India

The brand-new showroom promises to provide customers with carefully curated jewellery from its exquisite range of collections

Showroom operational from August 12

Gift vouchers worth ₹100 crore, Discounts & Gold Rate Protection on offer

For fiscal 2020, its revenue stood at Rs 10,100.92 crore, of which 78.19% came from its India operations, and 21.81% was from the Middle East. Net profit for the period was at Rs142.28 crore compared to a loss of Rs4.86 crore a year ago

Kalyan Jewellers will be opening a new showroom in Kuwait in the Middle-East this year

While India Bullion & Jewellers Association (IBJA) estimates a 25 per cent volume drop in jewellery and bar and coin sales this year’s festivities, certain jewellers are claiming a 10-15 per cent yearon-year growth
 

This Diwali is not going to be very shiny following very high prices and already poor consumer sentiment dented by the deepening all-round gloom in the economy with every key indicators contracting or plunging month after month for nearly a year

The Jewellery group has planned two showrooms each in Tamil Nadu, Andhra Pradesh, Karnataka, and one each in Telengana and Kerala

Welcoming the Budget, the gems and jewellery industry said positive focus on the rural economy and estimated growth of GDP to 7.2-7.5 per cent will boost demand.