Prince Jewellery has come up with its new stores in T Nagar and Cathedral Road, Chennai, gearing up for ‘Akshay Tritiya’. They have come up with exclusive range of jewelry which is handpicked and certified by them with 100% buyback guarantee as per told by Mr. Joseph Prince, Director, Prince Gold and Diamonds Pvt. Ltd. They are also planning to open one store in Chennai. They have also launched the range of platinum and diamond jewelry having bridal collections including bangles, necklaces etc.
They are planning to come in Andhra Pradesh. The expected investment would be over Rs 200 crores. They have stores in Chennai, Bangalore, Thiruvanthpuram. As told by Mr. Prince, they are hoping to reach at the turnover of Rs. 1000 crores from Rs 700 crores.
Gems and Jewellery contribute 6-7 percent to India’s GDP. As per IBEF report, the jewelry market in India is expected to grow at the CAGR of 15.96 percent during 2014-2019