Gitanjali Gems news and archive

Indian brands take on the world with global stores

Fabindia, Gitanjali and Hidesign are a few well Indian brands that are making inroads in highs streets and malls of Europe, US and the Far East. Interestingly, despite a recession in the western countries, many of these Indian fashion and accessories brands have succeeded in creating a foothold abroad. Take Fabindia, for instance, has made a...

Fashion

Brands extending product portfolio to push up revenues

At a time when the economy is going through a slowdown exploring new segments is what seems to be the strategy adopted by many brands. This is helping them to generate additional revenues. In fact many like Dilip Kapur, President of leather bags and accessories brand Hidesign believes venturing into different segments and adding more products...

Trends

Walking the ramp for ‘BETI’

The India International Jewellery Week 2012 opened with the Grand Envi and Nizam Collections by Gitanjali Gems in association with GR8 for the BETI show. To fight atrocities against female foeticide, acid attacks and women’s illiteracy, it was a celebrity filled event as nearly 75 TV and film personalities walked the ramp to support the cause...

Apparel

Gitanjali Gems’ 2nd Chinese acquisition in final phase

Gitanjali Gems, India’s largest jewellery retailer is in the final phase of closing its second acquisition deal in China. The formal announcement is expected in the next 2-3 months. In December 2011, it acquired Hong-Kong-based jewellery manufacturing company Crown Aim. The company is aggressively penetrating the country eyeing its lucrative...

Apparel

Gitanjali to foray into branded apparels

After establishing a strong foothold in the real estate and luxury lifestyle market, the Rs 65 billion turnover Gitanjali Gems is now diversifying into branded apparels. Founded as a single company cutting and polishing diamonds for the jewellery trade the Gitanjali Group having become a pioneer among major diamond and jewellery houses is...

Apparel

Damas now Gitanjali’s

Italian jewelry brands Stefan Hafner, IO Si, Roberta Porrati, and Nouvelle Bague , previously owned by Dubai based Damas International have been bought out by Mumbai-based Gitanjali Gems for an undisclosed amount. Inside reports earlier had pegged the buyout at around Euro 20 million, but this figure stands unconfirmed. With this prestigious...

Apparel

Gitanjali to evaluate its brand

Gitanjali Gems, the integrated diamond and jewelry retailing and manufacturing company, plans to evaluate four more brands — Gitanjali, Sangini, Gianti and Diya — by December. The purpose of the valuation is to understand customer’s acceptability of these brands and suggestions by the valuer to tighten any loopholes. The company’s objective is...

Apparel

Gitanjali to cut stores in rural US

After betting highly on the US market in the pre-recession era, Gitanjali Gems, an integrated diamond jewelry manufacturer and retailer, now plans to cut its presence in the US rural retail locations. The company is planning to cut store size from these locations, by reducing the quantity of display items. A couple of non-performing stores are...