India is home to some of the most successful and innovative luxury brands in the world. From jewellery to fashion accessories, these brands have made a mark on the global luxury market with their quality, design, and craftsmanship. Malabar Gold, Titan, and four other esteemed Indian brands have secured positions on the global list of top 100 luxury goods makers.
Malabar Gold led the domestic charge, clinching the 19th spot as the top Indian international jewellery brand in India. Closely following it is Tata Group’s Titan Company at 24th position.
- Malabar Gold & Diamonds and Titan are among the top 100 luxury brands globally.
- Malabar Gold ranked 19th, Titan at 24th position
- Other Indian jewellery firms like Kalyan Jewellers and Joy Alukkas also listed
- Domestic luxury brands reflect the growing Indian market and consumer preferences.
This achievement marks a significant milestone for the Indian luxury market, reflecting its growing prominence on the global stage. The inclusion of these brands underscores the shifting dynamics and burgeoning potential of the luxury goods market within India.
Notable Rankings: Kalyan Jewellers and Joy Alukkas
Kalyan Jewellers and Joy Alukkas, prominent players in the jewellery sector, secured the 46th and 47th positions, respectively.
Senco Gold & Diamonds and Thangamayil Jewellery also made it to the list, ranking 78th and 98th, respectively.
Milestone Achievements
This marks Malabar Gold’s debut on the list, with revenue exceeding $4 billion in 2023. Meanwhile, Titan recorded a turnover of $3.67 billion.
Evolving Luxury Market in India
The rise of domestic luxury brands reflects the changing dynamics of the luxury goods market. With the country’s economy growing, India’s luxury market is experiencing significant expansion.
This growth has led to global recognition for these brands.
Gold Schemes by Malabar Gold, Joy Alukkas, and Kalyan Jewellers in India
Here are some famous schemes introduced by these top brands:
Kalyan Jewellers Yearly Gold Savings Scheme
Duration: 12 months
Payment Structure: Monthly payments for gold or diamond jewellery.
Minimum Monthly Payment: Rs. 500
Maximum Monthly Payment: Rs. 40,000
Redemption: At the end of the scheme, accumulated payments can be used to purchase jewellery.
Jos Alukkas’ Easy Buy Gold Purchase Plan
Conveniently join by signing up and making online payments, with amounts ranging from Rs. 1000 to Rs. 1 lakh.
Commit to 12 monthly payments before unlocking the opportunity to purchase gold.
Upon the successful completion of all 12 instalments, you become eligible for an enticing scheme promotion discount.
Malabar Gold Investment Scheme
- Golden Bloom Buy Plan: Make 11 easy instalments and purchase gold with exemptions on making charges up to 18%.
- Golden Bliss Advance Gold Purchase Plan: Book jewellery 11 months in advance, pay no making charges on the final purchase and enjoy exemptions up to 18%.
- Golden Glow: Pay 11 easy instalments, accumulate gold, and purchase jewellery equal to the accumulated weight without making charges, with exemptions up to 14%.
Check out the top gold-saving schemes in India.
Promising Future
The demand for luxury goods is expected to increase further. This pertains to ample opportunities for Indian brands to shine internationally.
Global Luxury Market Insights
The top 100 luxury brands generated a turnover of $347 billion in 2023, marking a 13.4% increase from the previous year. LVMH topped the list as the best jewellery brand in the world.
It alone contributed 31% of this turnover.
LVMH is a French multinational holding and conglomerate that owns various luxury brands, such as Louis Vuitton, Dior, Fendi, Givenchy, and more
The top 10 brands accounted for 63% of the market, with their sales growing by 23% year-on-year.
Additionally, they controlled 76.4% of the combined net profit of the top 100 luxury goods companies. Richemont regained its third position, while PVH Corp ranked second on the list.
Conclusion
The inclusion of Malabar Gold, Titan, and other Indian brands among the global top 100 luxury goods makers highlights the growing influence of Indian jewellery brands. Their notable rankings and milestone achievements underscore the evolution of the luxury market within India. Further signalling its readiness for continued growth and increasing recognition on the global stage.
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