Reliance Brings Tiffany & Co to India
Livemint
Aug 14, 2019

Tiffany’s & Co the epitome of luxurious jewellery is coming to India courtesy of the India’s largest conglomerate Reliance Industries ltd.

You all know Reliance is owned by Asia's richest man Mukesh Ambani. He runs a huge business which is focused on retail and telecoms, oil, gas, etc. Early this year, Reliance even bought the toy company Hamleys. India's Reliance Industries Ltd is partnering with Tiffany & Co. They have planned to open a line of Tiffany jewellery stores in India. They are planning to open stores in New Delhi and Mumbai towards the end of 2019 and 2020 respectively. Tiffany & Co is a famous luxury jewellery store in USA. They are famous for their engagement rings and the blue boxes. 

 

Reliance said that India is a growing market. The number of people who are interested in buying luxury items is increasing as well. The launch of Tiffany & Co will give Indian consumers a chance to buy luxury jewellery like people all over the world. Tiffany & Co’s demand in the USA and Europe has reduced a lot of the years. Reports say that they partnered with Reliance in order to boost their sales and get more business.