It is located in Marin County, California.
Tiffany Heads to India, Plans Openings in Delhi and Mumbai
The iconic jeweler partnered with a Mumbai-based retail conglomerate to break into the country’s growing luxury market.
New York—Tiffany & Co. is headed to India, announcing Wednesday a joint venture with Reliance Brands Limited, the luxury retail-focused arm of Mumbai-based conglomerate Reliance Industries Limited.
The iconic American jewelry retailer plans to open stores in Delhi in the second half of fiscal 2019 and stores in Mumbai in the second half of fiscal 2020.
“Tiffany needs no introduction in India – it is iconic and timeless,” said Darshan Mehta, Reliance Brands CEO, in a press release.
Tiffany currently operates 320 stores in more than 25 countries, including more than 80 in the Asia-Pacific region, as well as ecommerce websites in 14 markets.
Philippe Galtié, executive vice president of global sales, said that Tiffany’s move into India presents a “unique opportunity” for the brands given the market’s growing luxury consumer base.
Joint venture partner Reliance Brands is a retail heavyweight in India, boasting partnerships with Bottega Veneta, Coach, Emporio Armani, Jimmy Choo, Superdry, and other well-known luxury brands.
In May, the company acquired British toy store Hamleys, which has 170 stores across 18 countries.
The company operates more than 470 stores and 340 shop-in-shops in India.
Reliance Brands’ parent company Reliance Industries Limited was the Fortune Global 500 rankings’ highest ranked Indian company by profit in 2018 with a $120 billion market cap.
The Latest
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
The announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.