Tara Jewels in talks to acquire 49% stake in Australian jewellery retailer Bevilles Jeweller

Tara Jewels is in talks to purchase 49 per cent stake of a top Australian retailers Bevilles Jeweller.

Bevilles Jewellers is an 80 year old retailer with an annual turnover of 34 million AUD (Rs. 170 crore).

The proposed strategic investment would give Tara Jewels access to highly profitable New Zealand and Australian markets. Post the investment, Tara would be in a position to expand its brand in a new geography.

Tara Jewels Limited, a public listed company since 2012, is an integrated player in the jewellery industry with experience ranging from design, manufacturing to retailing of jewellery. Our portfolio of products includes diamond studded gold, platinum and silver jewellery, jadau & uncut polki. Tara Jewels has been a pioneer in jewellery manufacturing with known patented technologies which have revolutionized jewellery manufacturing to maximize productivity. After experiencing success in manufacturing & international retail Tara Jewels set up its India jewellery retail business in 2010 under the brand name Tara Jewellers to offer jewellery exemplifying fine craftsmanship and exquisite designs.