Build your professional network on facebook via our app Go to app
 
 
 

Gitanjali diamond jewellery maker forays into exclusive retail

Created by : Shailena Varma, Logistics Manager, Target  | 10 09 2009 13:54:35 +0000
Industry : Retail Chain/LogisticsFunctional Area : Business Models(Strategy & Execution)
Keywords : retail outlets gold jewellery maya gold jewellery gitanjali jewellery retail outlet ornaments reliance jewels
Activity:  803 views;  last activity : 07 06 2010 20:18:09 +0000

In a recent news it is said that Gitanjali the Diamond jewellery maker is going to open 60 retail outlets across the country in coming 5 yrs. The company inaugurated the first stores of its retail chain 'Maya'. So there are many lifestyle stores like these which are in the pipe lines for that matter.

But then don't you think the unorganized sector in this is there from very long ago where the local jewellery maker was making you all the ornaments till date and is also doing more business than the organized one, just take an example where still many of consumers go for these local jewellery shop than the Reliance jewels or Tanishq which is there in the upper market. And these people are doing really great business for that matter.

So what do you think, Will people go for these Retail jewellery outlets? will we see the trend changing here?

  
 Refer 178
Share
 
 
  Rate : 
 
 
Yes Vs No
1
 
 
 
 
1
1
1
Support   Support
 
0
0

As per my view I beleive that with the percentage of growth organised retail is showing year on year has already started threatning small reatils either be it Cash and Carry Business or Hyper Markets and small exclusive Brand stores.Today as a Customer I will not mind paying some premium where I have the surety that I am getting,genuine product with a very good service.And if it comes to buying Gold one would prefer to go for a Branded Store.By seeing the performance of Tanishq even in down turn was very satisfactory.Gitanjali has taken a big decession to expand its retail arm hope they do a good job like other successful Jewellery Brands.
By Sanjeev Roy, Operations Manager, Nokia  | 10 10 2009 04:21:29 +0000
0
0

I think this modern retail jewellery outlets are for youngsters and the upper middle class people, there is nothing happening for the middle class segment which is there more in the country. Till date my parents always went to buy jewellery at the local jewelery shop than these big outlets, and it is also mainly because these local jewellery shop people mostly go for Gold ornament and many in India still believe gold as a very good investment and people go for gold rather than Diamond and platinum which most of these retail outlets concentrate on, so keeping the majority of consumers in mind I still don't think that the organized retail in this segment cant give competition to unorganized one.
By Shailena Varma, Logistics Manager, Target  | 10 09 2009 13:59:48 +0000
Argue for "Yes"
Argue for "No"
 Found the debate "Gitanjali diamond jewellery maker forays into exclusive retail "  interesting ?  Suggest to your connections and communities  
Post Your Resume Now !
Oracle Applications 11.x DBA, Inventory, Purchasing, Order Management, Oracle Apps SCM Functional Consultant, Arowana Consulting, Bangalore
IT SALES, Product sales, Animation, IT SALES / IT Animation Sales, Arowana Consulting, Los Angeles, California
Job Opening Buisness Development/ Marketing / Sales Manager Jobs USA New york
Viewers also viewed
Diamonds are the best friends for girls..but interms of investment Is Diamonds a good investment...
 
599 referals 6 arguments, 288 views
Honda Motorcycle and Scooter India plans to foray into the pre-owned two-wheeler segment to sell...
 
1130 referals 16 arguments, 202 views
I want to know which retail chain in India according to you is the best
 
0 referals 10 votes, 3163 views
more...  
Recent Knowledge (77)
Yes vs No
 
2346 referals 45 arguments, 408 views
YES vs No
 
79 referals 24 arguments, 267 views
yogi vs politician
 
1737 referals 113 arguments, 874 views
more...  
Sponsored Jobs
More From Author
 A Sessions Court at the Sabarmati Central Jail in Ahmedabad on Tuesday delivered the crucial judgement in the Godhra train fire of 2002, convicting 31 people and acquitting 63 others. Even Godhra Town Municipality chief Mohammad Abdul Rahim...
Sir, please clearly mention the sides and give a bit of explanation so that we can give proper comments.
Yes I agree with you.  But Mumbai does not have a healthy environment.      
more...  
  • Popular Knowledge
  •  
  •  
  • Popular Jobs
  •