Mr. Rao, Chairman of D’Mart Exclusivf said,
The market for high-end luxury goods is showing an upward march. The facility will be in place by next year and will make decorative art pieces in sterling silver.
The company already has 7 exclusive outlets and 14 franchises. D’Mart has established itself in the luxury segment and does not want to piggy bank on other brands. It hopes to be a key international luxury brand on its own. It also has presence in Amsterdam, New Jersey and San Francisco.