Suvankar Sen, CEO, Senco Gold and Diamonds with Joita Sen, head of design 
News

Senco Gold Aims to Boost Diamond Sales Share in Jewellery Transactions

Senco Gold and Diamonds keen on increasing the prominence of diamonds in its product portfolio

diamond news network

Senco Gold and Diamonds, a significant presence in the jewellery sector, is strategically focusing on increasing the prominence of diamonds in its product portfolio. With a current market share of 12% in diamond jewellery, the company is poised to roll out innovative initiatives to enhance and solidify its standing in this specific segment.

Suvankar Sen, CEO of Senco Gold and Diamonds in a recent TV interview had said the share of diamond jewellery in overall sales has grown from last year to close to 12% now and the goal now is to take this to 15%.

Despite encountering diverse consumer reactions, Sen maintains a positive outlook, aiming for a growth of 20-25%. Emphasizing the rising consumer interest in diamond jewellery for special occasions, he anticipates a heightened growth trajectory in this segment. This not only brings joy to customers but also enhances the company's overall profitability. Headquartered in Kolkata, this jewellery retailer commands a market capitalization of ₹5,554.65 crore, with its shares making their debut on Dalal Street on July 14, 2023.

52nd IGJA Recognizes Leading Performers Across India’s Gems and Jewellery Sector

52nd India Gems & Jewellery Awards: Govt Backs Navi Mumbai Jewellery Park, Lab-Grown Diamond Push

Vicenzaoro’s New Growth Equation: A More Connected Show, A More Global Jewellery Market

FTAs Are Opening a New Chapter for India’s Jewellery Exports

Roberto Coin: Diamond Industry Must Sell Value, Not Just Carat Price