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Friday, 27th February 2004 (11269 views)

Plans have been announced this week for 10 gold souks to be opened in India.<BR/><BR/>Aerens Goldsouk International, the promoters of India's first exclusive jewellery mall, has scheduled the first souk to open in October.<BR/><BR/>At present, in what is a highly fragmented industry, the jewellery market in India is the world's largest at $20 billion, and in which the jewellery mall idea hoped to create a revolution.<BR/><BR/>President of Aerens, GS Pillai explained to the Times of India: 'By bringing the jewellers under one roof the Souk aims to redefine jewellery retailing standards which will encourage the Indian consumers, NRIs and foreign tourists to spend more on jewellery.'<BR/><BR/>Gold souks will be opened across a number of areas including Gurgaon, Jaipur, Bangalore and Hyderabad. They aim to offer value and convenience to consumers as well as a quality variety of gold.<BR/><BR/>'The Gurgaon Souk will showcase the best of Indian and international jewellery. A number of leading jewellers have signed up for Gurgaon. These are Allukas from Dubai, Talwar jewellers from Chandigarh, Hazoorilal of Delhi, Notandass from Mumbai among many others,' Mr Pillai added.

 

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