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Malabar Gold & Diamonds is an Indian jewellery group headquartered in Kozhikode, Kerala. The company was founded by M. P. Ahammed in 1993. [ 2 ] As of May 2023, it owns more than 330 showrooms across 11 countries, making it one of the largest chains of jewellery retailer in the world.
Kalyan Jewellers is an Indian multinational jewellery company, headquartered in Thrissur, Kerala. It was founded in 1993 by T. S. Kalyanaraman . [ 1 ] As of July 2024, Kalyan Jewellers operates 277 showrooms across India and the Middle East.
Tribhovandas Bhimji Zaveri Ltd. (TBZ) is a noted Indian jeweller and jewellery retail chain based in India. [2] Established in 1864 by Tribhovandas Bhimji Zaveri in Zaveri Bazaar, the jewellery district of Mumbai, it was subsequently headed by his son, Gopaldas Tribhovandas Zaveri, and now Shrikant Zaveri, is the present chairman and managing director of the group.
In the early 1990s, India's exchange crisis was resolved, and Titan Company shifted the focus of the brand to the Indian market. A pilot plant was set up in August 1992 and the production began in 1994, and Tanishq's first store opened in 1996 at Chennai Cathedral road. Tanishq was the first jewellery retail chain in India. [5]
India remains the largest consumer of gold globally, with gold demand rising by 11% year-on-year to 760.40 tonnes in 2018. [ 88 ] According to a 2007 KPMG study, [ 89 ] the largest jewellery market is the United States with a market share of 31%, Japan , India , China , and the Middle East each with 8–9%, and Italy with 5%.
The company enters into joint venture with Rocks Creation Limited of Bangladesh for manufacturing of Gold and Diamond Jewellery. [6] The company markets its jewellery products under brand name Gaja. [7] Apart from retail business the company primarily exports its products to the United Arab Emirates (UAE), Singapore and Hong Kong. [8] [9]
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