Kalyan to set up jewellery making unit in Dubai


March 9, 2014 | By RetailME Bureau

India-based Kalyan Jewellers plans to set up a jewellery design and manufacturing unit in Dubai to meet the company’s own stocking requirements as well as to be offered to the wholesale trade in the UAE. The new capacity will also be utilised by Kalyan’s fast expanding retail network in the Gulf and, beyond that, key Far East markets such as Malaysia and Singapore.

A location at the Dubai Multi Commodities Centre (DMCC) free zone is the obvious choice. A team has been assigned to work on the location and plant requirements. Once a decision is taken, it will take six-to-eight months for the plant to be commissioned. “It will be among the largest in the region, with more than 200 people working and 5-8 kilograms of jewellery being processed daily,” says executive director Ramesh Kalyanaraman. “There will be limited scope for actual refining as little of the metal we would receive here is ‘old gold’ unlike in India. The future is about jewellery making and making sure the right designs are flowing into the retail marketplace at the right time,” he adds.

Investments on the plant would be the in region of Dh250 million and comes on top of a Dh250 million outlay on a six-store network that came into being in the UAE in January. In addition, there will be an investment worth Dh250 million to add seven more stores, two more being in the UAE and the rest in the GCC. The intention with the plant and an aggressive retail rollout is to have Dubai as the hub for all of Kalyan’s international operations by 2015. By then, the target is to achieve 30-35% of the group’s turnover from overseas interests.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley

UAE-based Al Maya Group announced that it will be boosting import of 

Continue Reading

June 24, 2021 | By RetailME Bureau

UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu 

Continue Reading

June 2, 2021 | By RetailME Bureau

UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto

Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the 

Continue Reading

January 17, 2021 | By RetailME Bureau
Cookit

Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau




Download Images RetailME Magazine