Due to COVID-19 Lockdown, most of the Jewellery Stores were shut through June. In Jewelry segment, about 90% of the stores were open in July. For the leading brand, Tanishq, Retail sales in June recovered to 77% of last year’s levels followed by a strong recovery in July to 101%. Retail sales of studded jewelry stood at 59% of base month in June and 67% in July. Consumer sentiment towards gold has been fairly positive. Titan has witnessed some advancement of purchases for weddings. Rising Gold Price can (more…)
Tribhovandas Bhimji Zaveri [TBZ] is one of the most trusted name in India’s jewellery industry with its more than 145-year history. Its flagship showroom in Zaveri Bazaar, Mumbai was established in 1864. Since 2001, TBZ has opened several showrooms and scaled up the number of showrooms to 14 in FY12.
The Indian jewellery retailing market is estimated at INR 1 lakh crs [USD 20 Bn]. Out of this, the share of organized retailers (Tanishq, TBZ, etc.) amounts (more…)
The company will launch four new brands – Envi, Moira, True Platinum and Karina. (more…)