24 Jun 2017
DiamondWorld Directory
Home |
CaratLane to expand retail footprint
The company currently has 16 retail stores -- including in Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Chandigarh, Pune and Coimbatore.
By: Diamond World News Service
Apr 10 2017 10:42AM
Reference: 15076  


CaratLane is planning to add 30 more retail stores and also eyeing to double its business turnover in the current fiscal.

"We expect growth to be well ahead of the industry average this year. We are looking at doubling our business in the current financial year. Our growth will be driven by increasing our online transactions as well as by opening more retail stores," CaratLane CEO and Co-founder Mithun Sacheti told PTI here.

He said the company currently has 16 retail stores -- including in Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Chandigarh, Pune and Coimbatore -- and is planning to roll out 30 more stores by the end of this financial year.

"Our retail stores are very different from the typical Indian jewellery stores that are elitist by nature. Our stores are designed for the customer who walks into a mall or a duty-free shop. There is no glass and you can walk right up to the products. One can touch, feel and experience the jewellery without any pressure...," he added.

The company’s try-at-home sales channel has also become popular for consumers who would rather buy something in the comfort of their own home.

"Consumers can select up to five products and a trained salesman will carry those products and more to their house for them to try on. We were the first to launch this sales channel for jewellery in India," Sacheti said.

He said, rings, pendants, necklaces, earrings and bracelets are among the top items purchased from CaratLane.

"We have over 5,000 items listed on our website. The average ticket size of our shoppers is between Rs. 15,000 to Rs. 30,000," he added.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
M. Suresh234x60
Search News by City
Kosher 23460
Kosher 23460
Recent Issue
Kosher 23460
News in Pictures
Basel World 2017
Pictures: 31
GJEPC 50 years celebration
Pictures: 8
Mines to Market Conference 2017
Pictures: 28
Pictures: 11
HKTDC Hong Kong International Jewellery Show 2017
Pictures: 25
43rd India Gem and Jewellery Awards
Pictures: 29
September Hongkong Jewellery & Gem Fair 2016
Pictures: 12
Diamond Financing 2017
Pictures: 18
IIJS Signature 2017
Pictures: 27
JNA Awards 2016
Pictures: 25
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 5927
GJEPC Chairman Interview
Views: 5280
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 11298
Promo for IJ Awards 2012 at NDTV Profit
Views: 20514
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 24445
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 4683
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 21245
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 22882
Member of:
Supporter of: