HYDERABAD Incredible - The Retail Jeweller India

Page created by Sharon Russell
 
CONTINUE READING
HYDERABAD Incredible - The Retail Jeweller India
Incredible
  HYDERABAD
                                                       The Favourite Business Magazine of Retail Jewellers

  Special Supplement along with Jan-Feb 2021 Edition

           SHREE JEE
          JEWELLERS

SANGHI JEWELLERS

                                                                              MEENAKSHI
                                                                              JEWELLERS

 VINATI JEWELLERS                                                 NITIN JEWELLERS
HYDERABAD Incredible - The Retail Jeweller India
HYDERABAD Incredible - The Retail Jeweller India
HYDERABAD Incredible - The Retail Jeweller India
HYDERABAD Incredible - The Retail Jeweller India
HYDERABAD Incredible - The Retail Jeweller India
Incredible HYDERABAD 2019 | Buying List

                                Incredible

     HYDERABAD
  The land of the Nawabs is a
force majeure in all that glitters

      SANGHI JEWELLERS

                                                 MEENAKSHI
                                                 JEWELLERS

        VINATI JEWELLERS                     NITIN JEWELLERS
4   Incredible Hyderabad 2019
HYDERABAD Incredible - The Retail Jeweller India
Hyderabad is the perfect                     heavyset jewellery and the ravenous
place for jewellers who                      appetite that aromatic spices mixed
want to tap the traditional                  together brings out in a palate found its
and architectural                            origins in the land of Hyderabad.
                                                What was known as he City of Pearls
inspirations into trendy,                    till about the 19th century, Hyderabad
yet heritage designs                         was possibly the only place where
because of the rich pool                     Golconda diamonds would be traded.
of talent that the city                      Evidently, because it became a trading
harbours in its heart                        hub, a rich tribe of talented gold
                                                                                            “Most transparent in business,
                                             and silversmiths, with a battalion of

W
                                             talented craftsmen and karigars also            exceptional designing, and
                   here did the              slowly sprung up like mushrooms,                 highest gemstones quality
                   glittering culture that   honing their fare and passing them                     in ornaments.”
                   characterizes the         down through generations.
                                                                                                     NITIN AGARWAL
                   royalty exuded by
                                                                                             Partner, Meenakshi Jewellers
Nawabs come from? The sensational            THE TRADITION OF THE
taste and style, the royal aura in
                                             NIZAMS                                                Meenakshi Jewellers
                                                                                             1. Year of establishment: 1951

                                                                                             2. Product speciality: Gold and gemstones

                                                                                             3. New innovations: We identified the
                                                                                             niche and achieved superb year-on-year
                                                                                             growth in exports.

                                                                                         The fifth largest city in the country still
                                                                                         has its iconic jewellery bazaars that
                                                                                         attract a lot of people, from within the
                                                                                         country to outside.
                                                                                            In the 20th century, rampant
                                                                                         industrialisation brought forth
                                                                                         companies, investments and research
                                                                                         to the region. With it, came a class
                                                                                         of affluent people with a fine taste
                                                                                         in everything that spells luxury. The
                                                                                         jewellery industry boomed further,
                                                                                         making Hyderabad incredible in its
                                                                                         aura. What started centuries back in
                                                                                         the hands of the Mughals, slowly found
                                                                                         a modern shape under the leadership
                                                                                         of jewellers in the city, who rose up to a
                                                                                         breath-taking brilliance.
                                                                                            Hyderabad’s Nizams started a
                                                                                         tradition, and its unique heritage
                                                                                         has been the key to the success of
                                                                                         the gem and jewellery sector here.
                                                                                         It has evolved on every corner and
                                                                                         has slowly emerged as a leader. It has
                                                                                         surpassed its nearest competitors
                                                                                         and the neighbouring cities, thanks
                                                                                         to the people and their deep love

                                                                                                       Incredible Hyderabad 2019         5
HYDERABAD Incredible - The Retail Jeweller India
Incredible HYDERABAD 2019 | Buying List

                                                for jewellery. Be it heavy pieces for      all over India and more profound far
                                                weddings or light wear and trendy          western regions. As a result, workmen
                                                pieces to suit millennials, the            from far and wide settled here to bring
                                                Hyderabadi thirst for jewellery at         out the best in them in the form of fine
                                                times, surpasses its love for biryani.     jewellery. This has found a resonance
                                                  “Jewellery in Hyderabad has a history    in our presentation as well,” said
                                                that dates to Nizams era and Golconda      Anand Nahar of Vinati Jewellers.
                                                mines. The best of the world’s diamonds      “Sure, the old Nawabi Hyderabad
                                                was mined out of Golconda, as it was       and art are inseparable, and we are
                                                the only source of quality diamonds        bound to get the exposure from
    “Show our grit and courage, be              in the world at that time, making the      the past few generations where our
      positive and look forward.”               Nizam the richest man in the world.        technicians have collaborated with
                                                With richness came the inspiration         diverse cultural and unique pieces
              NITIN GULABANI
                                                and craving of the best of ornaments,      of art,” said Nitin Gulabani of Nitin
            Managing Director,
                                                gemstones, pearls and mesmerizing          Jewellers.
             Nitin Jewellers
                                                architecture. Many of the ornaments          Sanjay Sanghi of Sanghi Jewellers
                                                manufactured at Meenakshi Jewellers        said, “Be it Charminar, Birla temple,
               Nitin Jewellers                  are inspired by these historical facts,”   Tirupati temple, Falaknuma or the rich
                                                said Nitin Agarwal of Meenakshi            south Indian culture, these have had a
    1. Year of establishment: 2003-04           Jewellers, Hyderabad.                      major influence on the jewellery that is
                                                  “The history of Hyderabad is the         manufactured in Hyderabad.”
    2. Product speciality: Brands like Alohi,
    Fyra, Nyra, Ura                             fusion of the Asian Mediterranian
                                                and south-central Indian culture and
    3. New innovations: This year, we brought
                                                                                           CATERING TO
                                                architecture, resplendent as Deccan
    Ura necklaces in below 10 grams range       culture. So naturally, the Nizams have
                                                                                           CONSUMERS, SINCE
                                                been great patrons of artisans from        TIMES IMMEMORIAL

6   Incredible Hyderabad 2019
HYDERABAD Incredible - The Retail Jeweller India
Consumers here love the yellow             Its twin city, Secunderabad, is an able
metal. Add a touch of colour with          partner where there are more than
gemstones, and you have struck gold        2,000 retailers and jewellery outlets.
in the proverbial sense. But that is not   Another interesting fact about the city
to say that they do not evolve. With the   is that that manufacture about 40% of
gold prices going up over the last year,   their jewellery, a huge number when
now they have matched the emotions         compared to other manufacturing
running through the sinews of the          hubs in India. Most retailers stock
entire country and set their eyes on       jewellery in plain gold and coloured
diamonds. Since then, it has been the      stones, but also imbibe the traditions
                                                                                             RITESH KUMAR SANGHI
best place for diamond jewellery too.      of Andhra through its Kasumala and
                                                                                         MD, Sanghi Jewellers Pvt. Ltd.
  Hyderabad is a haven when it             Oddiyanam.
comes to be a manufacturing hub.              “There is a massive growth in terms

                                                                                         “Innovation in new designs.”

                                                                                             SANJAY KUMAR SANGHI
                                                                                         MD, Sanghi Jewellers Pvt. Ltd.

                                                                                           Sanghi Jewellers Pvt. Ltd.
                                                                                         1. Year of establishment: 1993

                                                                                         2. Product speciality: Ruby, emerald and
                                                                                         sapphire jewellery

                                                                                     of jewellery manufacturing and
                                                                                     also retail in Hyderabad, compared
                                                                                     to others. Hyderabad is growing
                                                                                     faster than other cities. With growth
                                                                                     comes competition, and that leads
                                                                                     to creativity. Every manufacturer
                                                                                     works on specific niche and caters
                                                                                     to the global market. This has been
                                                                                     acknowledged and accepted by
                                                                                     global retailers. Ornaments made
                                                                                     in Hyderabad have reached global
                                                                                     retailers and attracts buyers regularly,”
                                                                                     said Agarwal.

                                                                                     ONE OF ITS KIND
                                                                                        Hyderabadi jewellery is one of
                                                                                     its kind. We are talking about the
                                                                                     typical “tika”, which is normally an
                                                                                     ornamental diamond medallion
                                                                                     that brides wear on their forehead,
                                                                                     connected with a string of pearls that

                                                                                                   Incredible Hyderabad 2019        7
HYDERABAD Incredible - The Retail Jeweller India
Incredible HYDERABAD 2019 | Buying List

                                                                                      necklace carved out of seven strands
                                                                                      of pearls and topped off with rubies,
                                                                                      emeralds, rubies and diamonds),
                                                                                      ranihaars, payals and jugnis. The
                                                                                      cherry on the cake is he ‘gintiyan’, or
                                                                                      toe-rings.
                                                                                         “Almost all types of jewellery are
                                                                                      being made in Hyderabad now off late.
                                                                                      This makes it convenient for clients all
         “Exquisite craftsmanship                                                     over to shop in Hyderabad and get as
         and consumer confidence                                                      per their choice,” said Nahar.
             through variety”                                                            “If you have the pulse of shopping,
                                                                                      then Hyderabadi streets are a place to
              UDAY SANGHI                                                             explore. There are hidden treasures
      Business Development Head,                                                      in these narrow lanes where you can
      Uday Jewellery Industries Ltd.                                                  unearth pieces of beauty - completely
                                                                                      made in Hyderabad brand,” said
                                                                                      Gulabani.
                                                                                         Hyderabad’s craftsmen specialise
                                                                                      in Nizami jewellery, and its heritage
                                                                                      and architecture find a voice through
                                                                                      the jewellery. Their traditional pieces
                                                                                      are also touched with the Victorian
                                                     Uday Jewellery Industries Ltd.   elegance. They find importance and
                                                                                      enjoy popularity around the national
     “Strong focus on manufacturing                                                   and global markets, treasured by
      and cutting-edge technology in                                                  connoisseurs. The local craftsmen
            tune with legacy”                                                         have put years of toil to perfect their
                                                                                      technique and blend their historic
           TEJAS SANGHI                                                               skill with the latest technology. What
   Business Development Head,                                                         emerges as a result is a conglomeration
 Narbada Gems and Jewellery Ltd.                                                      of the best of both worlds --- a
                                                                                      harmonised and unique piece of
        Uday Jewellery Industries                                                     exquisite jewellery.
        Ltd. & Narbada Gems and                                                          “For jewellers, a good and
                                                                                      supporting business environment
              Jewellery Ltd.                                                          that encourages an ecosystem for the
                                                                                      jewellery domain, stable political and
      Product speciality: Uday Jewellery
      Industries Ltd. - CZ pachi, Antique, Nakshi                                     social establishment, including the
      & light weight jewellery                                                        ever-encouraging buyer response
      Narbada Gems and Jewellery Ltd. - Rosecut                                       is important. Modern and updated
      & Polki jewellery
                                                                                      infrastructure makes Hyderabad a
                                                                                      haven for them,” said Nahar.
                                                                                         “Simply put, it is the cultural
is normally customised according to                                                   diversification which pulls jewellers
the need of the wedding attire. The                                                   to showcase the best-in-class artwork,
“nath” is a regular nose ring, also found                                             since there is a growing trend of global
in the confines of Bengal, a ruby held                                                interest here,” said Gulabani.
together by two pearls. There is the
“chintaak” which is a jadau neckpiece                                                 AN INCREDIBLE CITY
--- a choker carved out of uncut                                                      The excellence of Hyderabad has
diamonds and precious stones. Other                                                   opened it up to foreign players
than this, Hyderabad is also known for                                                and retailers too. Exporters and
its jhoomars, karan phools, satlada (a              Narbada Gems and Jewellery Ltd.   manufacturers find it easy to work

10   Incredible Hyderabad 2019
here and their arrival has helped         below par with the changing times.
the jewellery sector mature beyond        Local jewellers have kept up their
means. The technology that has been       adaptability and businesses are not
brought in these big players have         having to draw curtains down as a
helped manufacturers assemble their       result. There is employability and great
skills, enhance their capability and      pieces coming out of the ramparts
equipped to serve the international       every day.
gem and jewellery sector. These              Why is Hyderabad incredible?
jewellers in Hyderabad have also, in      Most leading jewellers feel that t has
turn, helped the economy because the      something to do with the people and
product quality has improved to match     the craftsmen here.                              “We are contemplating further
export standards. Hyderabad has also         “It is, of course a place to reckon          scale of activity on better terms.”
adapted very well to technological        with. Especially, when you look at the
                                                                                                       ANAND NAHAR
changes and challenges, and ensured       changes this place went through but
                                                                                                   Managing Director,
that its jewellery industry never falls   still holding its place and culture intact.
                                                                                                Vinati Jewellers Pvt. Ltd.

                                                                                               Vinati Jewellers Pvt. Ltd.
                                                                                            1. Year of establishment: 2004

                                                                                            2. Product speciality: We specialize in
                                                                                            kundan, ruby, emeralds, chakri, polki,
                                                                                            temple, bridal heritage, Junagadh
                                                                                            jewellery, etc.

                                                                                            3. New innovations: We always try to
                                                                                            create simple and appealing products for
                                                                                            our clients. The R&D department focuses
                                                                                            on constant innovations

                                                                                        The people are amazing and are always
                                                                                        accepting of new products and designs.
                                                                                        They don’t mind experimenting, yet
                                                                                        keep the heritage perfectly secure,” said
                                                                                        Gulabani.
                                                                                           “Hyderabad is inspiring for artisans
                                                                                        with confluence of cultures, art and
                                                                                        traditions. This has its presence felt
                                                                                        in the form of aesthetic jewellery that
                                                                                        is made in Hyderabad and makes
                                                                                        Hyderabad so incredible,” said Nahar.
                                                                                           With a decade at its opening with
                                                                                        lessons and undoing, Hyderabad is
                                                                                        chipping away at its flaws daily and
                                                                                        bolstering its strength in the jewellery
                                                                                        sector, to remain a force majeure
                                                                                        in the world. Fraught with history
                                                                                        and tradition, it remains the perfect
                                                                                        confluence of all that is new and trendy
                                                                                        yet respects the aura and fragrance of
                                                                                        heritage and ancient experience. Come
                                                                                        to the land of ancient beauty, and
                                                                                        experience royalty like never before.

                                                                                                      Incredible Hyderabad 2019        11
Meenakshi
                                           Jewellers
                                           Nitin Agarwal of Meenakshi Jewellers,
   Nitin Agarwal                           Hyderabad, talks about the legacy of his
   Partner,                                business and the innovations that he
   Meenakshi Jewellers                     brought about in the past year
THE RETAIL JEWELLER (TRJ): Talk            ornaments by 15-18%, at the same             gold ornaments and this has given a big
to us about your products. What sets       time retaining the same look and feel.       boost to our sales. Daily-wear ornaments
you apart?                                 It involved lot of changes in the way        have also picked up. Our design language
NITIN AGARWAL (NA): For us at              we used to manufacture historically,         has shifted from very classical to western
Meenakshi Jewellers, it is gold and        however, the end results are amazing,        in the studded category.
gemstones that makes it stick. We have     and we could see a huge demand for our
been manufacturing ornaments for 15        ornaments.                                   What price points and new collections
years now, completely in-house, from                                                    are you offering to customers now?
in Banjara Hills. Every ornament sold      Talk to us about the upcoming                We have seen a bulk demand in short
by us goes through stages, supervised      consumer trends. How is it different         necklace sets in western styles, ranging
by a team of artisans with decades of      from the pre-Covid era?                      between 16 to 25 grams (1 lacs to 1.4 lacs
experience. Their vast experience          The pre-Covid consumer has become            cost to retailer) and long necklace sets
brings out fabulous ornaments. This sets   price sensitive. However, at the same        between 40 to 49 grams (1.9 to 2.4 lacs
us apart.                                  time, we could see that they are             cost to retailer).
                                           restricting themselves to select retailers
                                           in each region.                              What are your future plans?
         In Hyderabad,                                                                  Lot of efforts have been put in to
                                           What products have done especially           improve the quality of life for our
     artisans have vast                    well during and after the pandemic?          artisans at the workplace. We have
    experience to bring                    Has it spelt any change in your design       incorporated various ergonomic
                                           language?                                    positions, which would help artisans in
        out fabulous                       Post lockdown, our focus is on lightweight   the long term.
       ornaments

TRJ: What is your core strength? How
have you evolved with time?
NA: Our core strength would be our
experienced and reliable manufacturing
team and artisans, which leaves no stone
unturned to come up with creative
designs. Our marketing team also plays
a vital role in analysing the market
demand in different regions, based on
extensive surveys.

The year has seen a lot of stress
on innovation. What innovations
have you brought in your business
practices?
The team has put in a lot of effort to
bring down the average weight of

                                                                                                    Incredible Hyderabad 2021   13
Incredible HYDERABAD 2021 | INTERVIEW

                                                                    Sanghi
                                                                    Jewellers
                                                                    Pvt. Ltd.
                                                                    Sanjay Kumar Sanghi, of Sanghi
     Ritesh Kumar Sanghi            Sanjay Kumar Sanghi             Jewellers Pvt. Ltd., says that Hyderabad is
     Managing Director,             Managing Director,              the bullpen for artisans and craftsmen, so
     Sanghi Jewellers Pvt. Ltd.     Sanghi Jewellers Pvt. Ltd.      jewellers must make the most of this
The Retail Jeweller (TRJ): Talk to us       SKS: We have become even more              has gone up since there is a lot of saving
about your products. What sets you          customer centric than ever. Working        with respect to the expenditure that
apart from others?                          closely with the product development       would otherwise happen. Thus, heavy
Sanjay Kumar Sanghi (SKS): We have          and sales teams is paramount now           bridal is coming back in trend.
been pioneers in creating jewellery in      and we try to provide customers with
coloured gemstones. A lot of players have   exactly what they need. Our research       TRJ: What are your future plans?
sine emerged in the market and it makes     teams try to get to know customers as      SKS: We want to tap the international
for good competition because it helps in    much as possible. We look to introduce     market and expand globally too. The
innovation too. Hyderabad is the bullpen    multipurpose jewellery now as that is      pandemic has made it possible to reach
for artisans and craftsmen. Jewellers can   exactly what Hyderabad is vying for.       out beyond border constraints and
make the most of this. our innovative                                                  going to people outside the country is
designs set us apart as design is king.     TRJ: Talk to us about the upcoming         simpler now with the new digital tools.
                                            consumer trends. How is it different
                                            from the pre-Covid era?                    TRJ: What will your advice be for
             We look to                     SKS: We are working with gemstones         retailers?
                                            on collections which are millennial        SKS: India at large and the jewellery
           introduce                        friendly and wearable at parties, since    industry in specific are going to
        multipurpose                        gatherings are now limited. Post Covid,    see a huge growth on the coming
                                            the concept and purpose of parties has     years. Retailers must be open to
      jewellery now as                      also changed. This completely calls for    experimentation and educating the
     that is exactly what                   rethinking as to what the consumer
                                            wants to wear. Self-expression is
                                                                                       customers about the benefits of buying
                                                                                       jewellery, beyond its investment value.
     Hyderabad is vying                     becoming an integral part of people.       Only then will they be able to create a
             for                            People are keen to express who they
                                            are and find jewellery a means to do it.
                                                                                       desire and thus garner a better margin
                                                                                       in the future. The same holds true for
                                            The budget for jewellery in weddings       Hyderabad as well.
TRJ: What is your core strength? How
have you evolved with time?
SKS: We love playing with colours.
The moment you mix things up with
gemstones, it makes any jewellery very
vibrant. We try and come up with new
designs that is relevant with the tastes
and trends of millennials. The artistry
that our karigars come up with is
unmatched in the industry and makes
for beautiful pieces carved in gold.

TRJ: The year has seen a lot of stress
on innovation. What innovations
have you brought in your business
practices?

14   Incredible Hyderabad 2021
Uday Jewellery
                                                                      Industries Ltd.
                                                                      & Narbada Gems and
                                                                      Jewellery Ltd.
                                                                      Reaching out to the jewellery connoisseurs
                                                                      of Hyderabad, Uday Sanghi, business
                                                                      development head of Jewellery Industries
   Uday Sanghi                        Tejas Sanghi                    Ltd., and Tejas Sanghi, business
   Business Development Head,         Business Development Head,      development head of Narbada Gems and
   Uday Jewellery Industries          Narbada Gems and                Jewellery Ltd., bot branches of Sanghi
   Ltd.                               Jewellery Ltd.                  Jewellers, speak about their products
THE RETAIL JEWELLER (TRJ): What             vision for devotion. Right from emeralds
is the idea behind these two branches?      and rubies exalted by the exquisite
UDAY SANGHI (US): Uday Jewellers            collections, to the striking pearls sitting            Manufacturing
owns a leading position amongst the
wholesalers of CZ ad colour-stone
                                            atop our masterpieces, every piece tells
                                            a story.
                                                                                             is at the heart of our
studded jewellery. Our products are                                                           business. We have
appreciated by customers for their
innovative designs and craftsmanship.
                                            TRJ: Tell us about your inspiration
                                            behind the branches
                                                                                                  an excellent
Our range of CZ and precious gemstone       TS: The opus of the Sanghi jewellery               operation, always
jewellery is highly renowned as one of      journey is presented to customers
the most alluring ranges available.         through the eternity of our crafted              exceeding customer
TEJAS SANGHI (TS): Narbada, since           jewellery. One thing that remains                   expectations
inception, has been serving customers       constant throughout is perfection. We
with an exquisite range of flat diamond     devote this legacy to our extended family           - TEJAS SANGHI,
studded gemstone jewellery and is           — the relentless and proficient craftsmen,        Business Development
known for its purity and best quality       employees, suppliers and most                    Head, Narbada Gems and
products. Our collection is appreciated     importantly— our valued customers.                    Jewellery Ltd.
for its quality and affordability.
                                            TRJ: Tell us about your strengths and
TRJ: What is your USP?                      collections.                                  TRJ: What sets you apart from others?
US: When passion and business meet,         US: We are in the business of innovation.     US: We have a dedicated team for every
it is a wonderful collaboration. A legacy   We design innovation for developing           need such as orders, sales, customer
of over 100 years that saw the light of     new products. Our innovative products         service, product development and
day 26 years back is thriving in our        are always a delight for the market. For      finance. Customers have confidence in
                                            Uday Jewellers, we have a collection          us because we understand the hesitancy
                                            called Kubik, an exclusive range of           before endowing faith in something and
          We design                         jewellery studded with high quality CZs       have worked towards earning it.
                                            and precious gemstones.
      innovation for                        TS: We believe in excellence in               TRJ: Do you have expansion plans?
     developing new                         everything we do. Manufacturing is at
                                            the heart of our business. We have an
                                                                                          TS: Our current facility, spread over
                                                                                          60,000 sq ft, is state-of-the-art. We are
      products. Our                         excellent operation, always exceeding         expanding by adding a new 50,000 sq ft
   innovative products                      customer expectations. We practise
                                            quality in every aspect of our business.
                                                                                          unit.

   are always a delight                     We don’t just control but assume quality      TRJ: Tell us about your product range.
                                            in every piece that comes out from our        US: We sell short necklance sets, long
    for the market                          rigorous processes. Narbada has two           necklace sets, chokers, bangles, bracelets,
       - UDAY SANGHI,                       collections. Vilandi is a collection of       chains, mangalsutras, chandbalis,
     Business Development                   pieces exuding royalty, with flat and         jhhumkas, hathphools, bridal sets,
                                            rose-cut diamonds, precious gemstones         mangtikaas, rings, pendants and
     Head, Uday Jewellery
                                            and pearls. Jashn is a collection in uncut    broad sets.
         Industries Ltd.                    diamonds (chakri).

                                                                                                      Incredible Hyderabad 2021       15
Incredible HYDERABAD 2021 | INTERVIEW

                                            Nitin
                                            Jewellers
                                            Nitin Gulabani talks about the effects of the
      Nitin Gulabani,                       pandemic, and how the city never let the urge
      Managing Director,
      Nitin Jewellers                       for jewellery wane

THE RETAIL JEWELLERS (TRJ): Talk            NG: We have started practicing            NG: We have consistently networked with
to us about your products. What sets        international quality standards and       people to do our bit of social service (of
you apart from others?                      procedures, which are documented.         course, contactless service is the idea). CSR
NITIN GULABANI (NG): Our products           This will enable us in process            is always a management decision, and we
are bound to impress any customer with      improvement.                              have been very active during Covid times
sheer quality and artistic craftsmanship.                                             to serve the society by providing masks,
                                            TRJ: Talk to us about the upcoming        sanitisers to social service clubs.
TRJ: What is your core strength? How        consumer trends. How is it different
have you evolved with time?                 from the pre-Covid era?                   TRJ: What are your plans for the future?
NG: A personal touch and building           NG: In our sector, consumer trends        Do you have any expansion plans?
relationships come naturally to             keep changing, but with regards           NG: Our expansion plans are in
us. We have discovered this as a            to Covid, it is more about hygiene,       progress. We are opening a branch to
value-added offering, considering           neatness and a sanitized approach         cater to people in the extreme southern
our highly knowledgeable staff and          towards packaging and delivery.           end of the country. The branch is
technicians.                                                                          coming up soon in Kerala
                                            TRJ: What products have done
                                            especially well during and after the      TRJ: What price points and new
           Hyderabad is a                   pandemic? Has it spelt any change in      collections are you offering to
                                            your design language?                     customers now?
        place with lovely                   NG: For us, the demand has more or        NG: We are going ahead with
      people who have an                    less been the same. Thankfully, our       lightweight to heavy bridal jewellery
                                            customers were loyal during these tough
         innate love for                    times too.                                TRJ: What will your advice be for
     customised jewellery                                                             retailers?
                                            TRJ: How have you continued with          NG: A small advice to all retailers is
          and building                      networking amid the restrictions?         simple — trust the best and never break
       relationships. With                  Have there been any new CSR
                                            initiatives?
                                                                                      the chain. Because, it takes a lot of effort
                                                                                      to be the best.
         the help of our
       excellent staff and
      management team,
      we have catered to
     their tastes brilliantly
      in the last year
TRJ: The year has seen a lot of stress
on innovation. What innovations
have you brought in your business
practices?

16   Incredible Hyderabad 2021
Vinati
                                          Jewellers Pvt. Ltd.
                                          For Anand Nahar, his brand of jewellery is a
     Anand Nahar                          lighthouse of innovation, with them moving along
     Managing Director,
     Vinati Jewellers                     with the way the tide changes in Hyderabad

THE RETAIL JEWELLERS (TRJ):                                            in your design language?
Talk to us about your products.                                        AN: New designs have always been the
What sets you apart?                                                   hallmark of our presentation and we
ANAND NAHAR (AN): We present                                           have taken special care on this aspect.
a confluence of tradition with
modernity that finds a resonance with                                  TRJ: How have you continued with
our clients. Our offering is a blend                                   networking amid the restrictions?
of aesthetic and eye catching appeal                                   Have there been any new CSR
with simplicity that gels well with the                                initiatives?
millennial woman.                                                      AN: New technological and
                                                                       communication modes and avenues
TRJ: What is your core strength?                                       coupled with traditional ways have
How have you evolved with time?                                        helped us this far. We have a tradition
AN: Prompt and quality service are                                     of CSR initiatives since the times of
what we believe in. Continuing hard                                    our forefathers and continue sincerely.
work coupled with innovation and
an eye for improvising in detail in all                                TRJ: What price points and new
segments, makes us agile and nimble                                    collections are you offering to
to adapt to changing times.                                            customers now?
                                                                       AN: We offer the best products
TRJ: The year has seen a lot of stress                                 at the best price there is. But we
on innovation. What innovations                                        would like to keep up with healthy
have you brought in your business                                      competition practices by limiting
practices?                                                             it to best offerings only and not on
AN: We have overhauled the way                                         the price upfront which otherwise
business used to be done earlier                  We present a         would destabilize the sustainability of
on the front end and as well as the                                    artisans.
operational mode. We have induced a            confluence of
motivated R&D team which is always             tradition with          TRJ: What are your plans for the
looking for more improvised ways to                                    future? Do you have any expansion
present our products, by being open            modernity               plans?
to new ideas and suggestions.                                          AN: We would like to carry forward
                                                                       the good work done so far to greater
TRJ: Talk to us about the upcoming                                     heights in future and contemplating
consumer trends. How is it different                                   expansions in South India. We plan to
from the pre-Covid era?                                                grow in Karnataka.
AN: Consumers now prefer well
visible and lightweight jewellery.                                     TRJ: What will your advice be for
                                                                       retailers?
TRJ: What products are done                                            AN: Be more competitive on quality
especially well during and after the                                   and product offering than on the price
pandemic? Has it spelt any change                                      front.

                                                                                   Incredible Hyderabad 2021     17
Incredible HYDERABAD 2021 | Buying List

                                 MEENAKSHI JEWELLERS
                                         Contact: +91 95055 05916 | 96037 66653

                                   NITIN JEWELLERS
                                   Contact: +91 6303 886930 | www.nitinjewellers.com

18   Incredible Hyderabad 2021
SANGHI JEWELLERS PVT. LTD.
       Contact: Domestic Enquiry: +91 939 146 8411 | Export Enquiry: +91 934 811 8411
                                www.sanghijewellers.com

UDAY JEWELLERY INDUSTRIES LIMITED
    Contact: Domestic Enquiry: + 91 934 604 8411 | Export Enquiry: + 91 934 811 8411
                 sales@udayjewellery.com | www.udayjewellery.com

NARBADA GEMS AND JEWELLERY LTD.
               Contact: Sales: +91 91007 08411 | Orders: +91 91008 38411
                               www.narbadajewellery.com

                                                                                  Incredible Hyderabad 2021   19
Incredible HYDERABAD 2021 | Buying List

                       VINATI JEWELLERS PVT. LTD.
                                 Contact: ANAND NAHAR +91 9849006618

20   Incredible Hyderabad 2021
@TheRetailJeweller        @the-retail-jeweller-india                              @retailjwlrindia                                                                                            @theretailjeweller_magazine                                                                                                           TheRetailJeweller

  THE FAVOURITE BUSINESS MAGAZINE OF
                      RETAIL JEWELLERS
                                                         @TheRetailJeweller              @the-retail-jeweller-india                @retailjwlrindia               @theretailjeweller_magazine               TheRetailJeweller
                                                                                                                                                                                                                                       @TheRetailJeweller                @the-retail-jeweller-india               @retailjwlrindia                    @theretailjeweller_magazine                         TheRetailJeweller

                                                                              SEP-OCT 2020 | VOL 16 | ISSUE 5 |RS. 350                                retailjewellerindia.com | emag.retailjewellerindia.com                        NOV-DEC 2020 | VOL 16 | ISSUE 6 |RS. 350                                         retailjewellerindia.com

                                                                                                                                                                                                                                   T H E FAVO U R I T E B U S I N E S S M AG A Z I N E O F R E TA I L J E W E L L E R S
                                                                             THE FAVOURITE BUSINESS MAGAZINE OF RETAIL JEWELLERS

                                                                                  GRAND
                                                                                                                                                                    PANDEMIC CHALLENGES

                                                                                                                                                                                                                                                                                                                                                                                                                      Geeta Shyam Jewellers 7 Kama Schacter 8 Jewelex 9 Sparkle Diam 10 Achal Jewels
                                                                                                                                                                                                                                                                                                                                                                                                                       Emerald Jewel 2 Kiran Jewels 3 Dewal Jewels 4 Elvee Promise 5 Nitin Jewellers
                                                                   EXPANSIONS
                                                                                                                                                                                                                                                             1

                                                                                                                                                                                                                                                                                                                                                                                                   9

                                                                CAUTIOUS PLANS                                         I N TIMES OF COVID
                                                                                                                                                                                                                                                      2                                                                      10                                                        8

                                                                                                                                                                                                                                                                                                                                                                                           7

                                                                                                                                                                                                                 +
                                                                                                                                                                                                                                                                                     3

                                                        A MAGNUM
                                                        OPUS CALLED                                                                                                                                                                                                                                                           5

                                                        ANAND JEWELS
                                                        IS THE EPITOME                                                                                                        DHANTERAS

                                                                                                                                                                                                                                                                                                                                                                                                                       1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                6
                                                        OF ULTIMATE                                                                                                       SHINES A BRIGHT
                                                        LUXURY THAT                                                                                                         SPOTLIGHT ON                                                                    4
                                                        BHOPAL HAS                                                                                                         THE FUTURE OF
                                                        EVER WITNESSED                                                                                                   JEWELLERY SALES                                                                                                                                                                         6

                                                                                                                                                                                                                                                          24       32                                                 44                                42                                 58                                                                           68
                                                                            28                           48                           53                            64                        68                           77
                                                                                                                                                                                                                                      SPECIAL FEATURE               SPECIAL FEATURE             PERSONAL OPINION                  PERSONAL OPINION                      MARKET WATCH                RETAIL PROMOTION
                                                                                                                                                                                                                                   Missing the EMI opportunity Undaunted by the economic         If you take care of your      The time is here to let the           Ratnalaya Jewellers adopts       Tanishq woos wedding
                                                        SPECIAL FEATURE             IIJS VIRTUAL 2020           PETER CARL FABERGE            NEW STORE LAUNCH            PERSONAL OPINION            DIGITAL ADVERTISING              TRJ looks back to the        downturn, RK Jewellers      vendor, he will partner in    guard down, share designs                novel ways to make the         customers with its new
                                                       MALABAR GOLD’s ‘One        Reimagining B2b business          one of the greatest        SHAM JEWELLER’S           Post-Covid normal demands       Kavayah Vivaaha is        pioneers of EMIs in jewellery   has launched a premium            your success, feels        with all customers, says              internal customers happy        savings scheme-Rivaah
                                                         India One Gold Rate’       platforms: IIJS (Virtual)    goldsmiths, jewellers and    plush outlet is a luxury     a new shift in marketing  C KRISHNAIAH CHETTY’S         and cutting-edge enterprises     boutique modelled on               SUNIL MODI,                ROHAN HEMDEV,                             SAKET KESRI,          Aashirwaad AJOY CHAWLA,
                                                       tightens the cap on gold         comes with the             designers in Western           retail retreat for          strategies.EKANSH     wonder campaign instils the      that are finding ways of         the lines of top notch           Proprietor, Jaipur         Owner, Lachhmandas                       Director, Ratnalaya        CEO, Jewellery Division,
                                                            pricing worries              Midas’ touch           decorative arts and jeweler     jewellery shoppers          AGGARWAL, Krishna        smart idea of diverting the      bringing EMI for buyers    international luxury brands.      Diamonds, Ludhiana                Jewellers, Agra                       Jewellers, Patna       Titan Company Ltd shares the
                                                                                                                  to the Russian imperial          in Chandigarh             Jewellers, New Delhi   savings from small weddings                                                                                                                                                                        details of the scheme
                                                                                                                    court 100TH DEATH                                                                      to big jewellery
                                                                                                                      ANNIVERSARY

                                                 Imparting Knowledge.
                                                 Initiating Growth.

                                                                                                                                                                                                                                                                                                        Special Suppleme
                                                                                                                                                                                                                                                                                                                        nt along with March-Ap
                                                                                                                                                                                                                                                                                                                                              ril 2019 Edition

                                                                                                                                                                                                                                                                                                       Incredible
                                                                                                                                                                                                                                                                                                       BENGALUR
                                                                                                                                                                                                                                                                                                               U
                                                                                                                                                                                                                                                                                                                                                                                                           The Favourite
                                                                                                                                                                                                                                                                                                                                                                                                                                     Business Magazine
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       of Retail Jewellers

                                            THE FAVOURITE BUSINESS MAGAZINE OF RETAIL JEWELLERS

                            For advertisement contact: +91-9167 252 611 | +91-7977 381 527

                                     For subscription contact NAGESH: +91-9167 252 615

                     4B-45, 4th floor, Phoenix Paragon Plaza, LBS Road, Kurla (West), Mumbai - 400 070.

                                              samitbhatta@retailjewellerindia.com

                                   www.retailjewellerindia.com
You can also read