Magazines Archives - 2007 February

Damas Taps India’s Emerging Gems Market
Story 11

DAMAS, a US-based jewellery company in India, is set to open up to 21 showrooms at the end of its financial year, the local media reported. Its target is to have by December 2008 over 100 outlets retailing house brands alongside international luxury jewellery and watches of the Roberto Coin, Scavia and Vacheron Constantin labels, CEO Anaggh Desai said.

Consumers in India have moved from plain gold to diamonds and coloured gemstones, with the market transformed from a “storehouse of value” to a fashionaccessory bazaar, Desai observed. A McKinsey report has projected the Indian branded-jewellery market to reach Rs100 billion (US$2.27 billion) by 2010, up from 2005’s Rs490 billion for both branded and non-branded items.


2007 February Stories:

HR & Training – Service Excellence
Secret to better service. Creating a more involved working environment

The Valiram Group Wins Bid To Manage Luxury Brands At Changi Airport

China Reports Healthy 2006 Sales Growth

Pantaloon Signs JV With US Retailer Of Office Supplies

E-Land To Sell Carrefour Stores In South Korea

Tesco To Beef Up Korean Presence

Pet Safari Opens Largest Store In Singapore

Baleno Malaysia Set To Multiply In-Base Stores By Next Year

Inditex Expands In Asia

s.Oliver Launches Into India With Leading Local Partner

Traditional Thai Retailers Face Imminent Shutdown Unless More Aid Is Given

Damas Taps India’s Emerging Gems Market

HK Group Charts Major Growth Up North

Marks & Spencer To Debut In Kolkata

Competition Expected To Fuel M&As In China

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