Senco Gold & Diamonds, a jewellery retailer in Eastern India, announced the opening of two new locations in Maharashtra, in Borivali and Vashi. The firm has over 130 outlets spread throughout 13 states.
“My affiliation with them goes back a long distance,” said its brand ambassador and Bollywood star Vidya Balan, who was present for the unveiling. They are well-known for their karigari and fine jewellery collections, and it is a joy to be here today to celebrate the opening of their city showrooms.” “With the introduction of our two new company owned showrooms today, our footprint in Maharashtra has now risen to six locations,” stated Suvankar Sen, the business’s MD and CEO.”
“Our focus on design and innovation, ability to anticipate customer preferences and market trends, the complexity of our designs, and the quality and finish of our goods are among our core assets,” Senco’s director Joita Sen noted. “Our brand has the trust and support of our clients, which is why we are now spreading out with our new locations in Borivali and Vashi,” said Dhaval Raja, the company’s chief general manager.
According to the India Brand Equity Forum, India’s gold and diamond trade generated 7.5% of the country’s GDP and 14% of total goods exports in February 2021. The gems and jewellery industry is expected to employ around 8.23 million people by the end of 2022, up from five million in 2020. The government designated the gems and jewellery sector as a target area for export promotion based on its potential for development and value addition.
It went on to say that India’s gold demand was 797.30 tonnes in 2021 and is likely to be in the 800-850 tonnes range by the end of this year, 2022. Demand for gold increased by 93% year on year to 265 tonnes in the fourth quarter of 2021.
Senco Gold & Diamonds, located in Dwarka Sector 11, Delhi, has been a leading company in the category Jewellery Hallmarking Services since 2015. This well-known company serves as a one-stop shop for consumers both local and from other areas of Delhi.
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