ABG forays into branded jewellery

Jun 13, 2023

branded retail-jewelsABG forays into branded jewellery
A new venture, Novel Jewels announced!

With an investment of around Rs. 5000 crore, the Group plans
To set up large-format exclusive retail stores pan-India
06 June, 2023

Aditya Birla Group (ABG) is set to foray into the branded jewellery retail business with an investment of around Rs. 5000 crore. This business will be housed under a new venture, “Novel Jewels Ltd.”, and will build large-format exclusive jewellery retail stores across India, featuring in-house jewellery brands.

The new venture aims to transform the customer experience by creating an aspirational national brand with unique designs and a strong regional flavour. This marks the Group’s third major foray into a new business in the last two years, following paints and B2B e-commerce for building materials.

Kumar Mangalam Birla, Chairman, Aditya Birla Group said, “Aditya Birla Group’s foray into branded jewellery retail marks a pivotal moment in our storied legacy of building businesses underpinned on trust. This foray is a strategic portfolio choice that allows us to tap into new growth engines and expand our presence in the vibrant Indian consumer landscape.

With rising disposable income, discerning and aspirational consumers are leaning more towards design-led, bespoke, and high-quality jewellery. This venture will capitalise on Aditya Birla Group’s deep expertise in lifestyle retail and nuanced understanding of consumer preferences.”

The branded jewellery retail venture will be operated by a newly recruited leadership team with deep retail and category expertise.

India’s gems and jewellery market contributes approximately 7% to the GDP. The jewellery market is projected to grow to ~USD 90 billion by 2025. Amidst this rapid growth, a steady transition from an unorganised to an organised sector is being observed.

The Group’s timely entry is set to embellish this dynamic landscape, offering Indian consumers a diverse array of meticulously crafted and intricately designed jewellery.

You May Also Like

Facebook Feeds

Cover for Heera Zhaveraat
98,097
Heera Zhaveraat

Heera Zhaveraat

Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D

This message is only visible to admins.
Problem displaying Facebook posts.
Click to show error
Error: No posts available for this Facebook ID

Twitter Feeds

The Exhibitors Catalogue of JGTD 2025 is online!
Be among the first to discover the key players of the fourth edition.
👉
https://exhibitors.jgtdubaijewelleryshow.com/exhibitors-list-page?utm_source=link&utm_medium=social&utm_campaign=HZ_jgtd25

hank you SriSriDurgaPooja Bengaluru team for the kind invitation. Blessed to witness Maa Durga Darshan at Bannappa Park, Cubbonpet. Wishing all a joyous Navratri, Durga Pooja & Dusshera. 🌸🙏
– Dr. Chetan Kumar Mehta, CMD, Laxmi Diamonds Bengaluru

hank you SriSriDurgaPooja Bengaluru team for the kind invitation. Blessed to witness Maa Durga Darshan at Bannappa Park, Cubbonpet. Wishing all a joyous Navratri, Durga Pooja & Dusshera. 🌸🙏
– Dr. Chetan Kumar Mehta, CMD, Laxmi Diamonds Bengaluru

The man. The myth. The legend. Immortalized in platinum—rare, resilient & timeless.
The MS Dhoni Signature Edition by Men of Platinum is a tribute to his legacy.
Explore: http://www.menofplatinum.com
#MSDhoni #MenofPlatinum #PlatinumJewellery #MSDhoniSignatureEdition

Load More

HZ is the Official Supporter of :

Member Of

Founder Member Of