Joyalukkas news and archive

Joyalukkas to add 14 more stores

Jewelry retail is on the upswing in India. Majors like Joyalukkas are on an expansion spree. With 24 outlets in the country, the Kochi-based company is looking to add 14 new stores in the south like Thiruvananthapuram, Trichy, Shimoga. All the brand stores would be company-owned and Joyalukkas aims to complete the expansion plans by September...

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Joyalukkas to launch IPO

Kochi-based jewelry chain Joyalukkas plans to tap the capital market in the next two or three months. The company, which has already obtained SEBI approval for its initial public offering sized between Rs 600 to Rs 650 crores, has appointed Enam Securities and Citigroup Global Markets as advisors. Alukkas Varghese Joy, Managing Director,...

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Gold rush to capital market

Traditionally staying away, gold jewelers are now keen to enter the capital market to expand their businesses in face of the current volatility of global gold prices. The last one month saw three jewelry retailers filing their offer documents. On January 25, two jewelry retail chains Tribhovandas Bhimji Zaveri (TBZ) and Joyalukkas filed their...

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Joyalukkas opens in Mangalore

Joyalukkas, the popular jewelry brand of Indian origin in the Gulf opened its first showroom in Mangalore. The city is home to a substantial number of Gulf-based Indian expatriates. The vast 10,000 sq. ft. showroom will now provide Mangaloreans the opportunity to purchase Joyalukkas’ entire range of jewelry that includes diamonds, other precious...