The announcement coincided with its full-year results, with growth driven by its jewelry brands.
Nirav Modi Expanding Across US
The Indian high jeweler is opening stores in Las Vegas and Hawaii this month.
New York--After landing on New York’s Madison Avenue two years ago, Nirav Modi is heading westward.
This month, the Indian fine and high jewelry brand will set up shop in Las Vegas and Hawaii, bringing its worldwide store total to 14 and three for the United States.
On Nov. 11, Nirav Modi will open the doors of its 1,500-square-foot Las Vegas boutique at the Wynn resort and casino, home to the annual Couture show, followed by the Nov. 17 opening of its 1,300-square-foot Hawaii store at the Ala Moana center in Honolulu.
Both spaces will feature private viewing rooms separate from the main sales floors. Paper art inspired by 19th-century Luminist landscape paintings, a favorite influence of Modi, will be on display in the main store windows to create a light and serene effect.
Like the brand’s other boutiques, the new stores will employ a feminine and elegant interior design centered on calming shades of taupe and pink and filled with glass and plenty of light to showcase Modi’s designs.
Visitors can expect to encounter the Embrace, Jasmine and Luminance collections, which feature patented cuts and techniques, as well as a rotating selection of the house’s high jewels.
RELATED CONTENT: India Dreaming: Two Heritage Design Houses“The U.S. is an incredibly important market for us, and we’re looking forward to expanding access to our jewels,” Modi said in a press release. “The American consumer is particularly conscious when purchasing fine jewelry--they are experienced luxury buyers with an eye for craftsmanship and detail. The boutiques in Hawaii and Las Vegas will be our second and third in the United States, with further expansion planned for the next few years.”
Since expanding into the U.S. market with its New York store in 2015, Nirav Modi has carved itself a space on major award show red carpets, popping up at the Oscars and the SAG Awards on some of film and television’s most in-demand actresses.
The Latest
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
This little guy’s name is Ricky and he just sold for more than $200,000 at Sotheby’s Geneva jewelry auction.
Though its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
The company’s Easton location will remain open.