Kalyan Jewellers, one of the most trusted and leading jewellery brands in the GCC and India, has announced its foray into Qatar. The company will make an emphatic entry by opening seven showrooms in Doha on a single day later in the month â€” marking the largest number of showrooms inaugurated in a single day in the companyâ€™s history. Kalyan Jewellersâ€™ global brand ambassador and film icon Amitabh Bachchan will inaugurate the showrooms in his maiden visit to Qatar. He will be accompanied by popular brand ambassadors and film stars Nagarjuna, Prabhu Ganesan and Manju Warrier for the launch.
Kalyan has been has been steadily expanding its presence in the GCC
region since it launched its international operations in two years the company has opened over 40 showrooms in India and the GCC. Kalyan Jewellers is also slated to achieve a milestone
of 100 showrooms by the first half
of the year.
T.S. Kalyanaraman, Chairman and Managing Director of Kalyan Jewellers said, â€˜â€™We have registered a healthy double digit growth rate in our business in the GCC and believe that the Qatar presence is critical for us to push the GCC share of the group turnover to the 40 per cent mark, which is our medium-term target. Qatar is a robust retail market of USD 12.4 Billion, driven by a growing population and an increasing expatriate population.
We also believe that the countryâ€™s affinity for luxury goods makes it a compelling proposition for Kalyan, given our strong portfolio of high-end fashion jewellery as well as jewellery
for daily wear in contemporary and traditional motifs.â€™â€™
â€˜â€™Qatarâ€™s focus on expanding the non-hydrocarbon sector and recent infrastructure initiatives to add one million square meters of retail space in the next two to three years augurs well for the growth of the retail sector,â€™â€™ Kalyanaraman added.