According to industry reports, Gitanjali Lifestyle , a subsidiary of Gitanjali Gems would market silverware for Italian luxury silverware manufacturer, Greggio Argento.

Greggio will set up two exclusive stores in Mumbai and Delhi within the next three months, with marketing assistance from Gitanjali Lifestyle.

A turnover of $1.72 million (Rs.7 crore) for the first year of operation, has been projected by the Gitanjali Lifestyle CEO Gaurav Marya.

The company would sell some 500 items such as tableware and cutlery among others.

Greggio Argento produces some 16,000 products and its annual silver consumption is 200 tonnes, said the firm’s exports manager, Angelica Koini.