Kalyan Jewellers to invest over Rs 500 crore in expansion

Kalyan Jewellers has announced plans to invest over Rs 500 crore in 2017 towards its network expansion to open 15 new showrooms.

Having launched 17 showrooms in 2016, the brand plans to foray into Central India and expand its presence in the UAE and North India. Further, it is also looking to augment its reach with investment in a digital foray, and the relaunch of its purchase advance scheme, compliant with current norms.

Kalyan Jewellers is also looking at launching new sub-brands in gold, diamond and precious jewellery.

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