Active Stocks
Sat May 18 2024 12:49:03
  1. Tata Motors share price
  2. 952.95 0.76%
  1. Power Grid Corporation Of India share price
  2. 316.85 1.12%
  1. Tata Steel share price
  2. 167.90 0.39%
  1. ITC share price
  2. 436.50 -0.02%
  1. State Bank Of India share price
  2. 821.30 0.42%
Business News/ Companies / News/  Jewellery brand Tiffany & Co. launches e-commerce platform in India
BackBack

Jewellery brand Tiffany & Co. launches e-commerce platform in India

The online portal will mirror the products seen in offline store and sell the iconic jewellery brand's collections of gemstones, diamonds and crafted jewellery

The website will also include the ability to book diamond consultations with in-house experts, in-store private appointments, personal shopper services, facility to wish-list products, among others. The company said it will also have a section for rings.Premium
The website will also include the ability to book diamond consultations with in-house experts, in-store private appointments, personal shopper services, facility to wish-list products, among others. The company said it will also have a section for rings.

NEW DELHI : Tiffany & Co., in partnership with Reliance Group, has announced the launch of its local e-commerce site, tiffany.co.in. The online portal will mirror the products seen in offline store and sell the iconic jewellery brand's collections of gemstones, diamonds and crafted jewellery.

The launch of the website, the company said in a statement, will showcase its T1 collection—a reimagining of its T collection celebrating the iconic “T" motif—featured in the brand’s jewellery designs since the 1980s. It will also have its HardWear, Victoria and True collections as well as the Home & Accessories range.

The website will also include the ability to book diamond consultations with in-house experts, in-store private appointments, personal shopper services, facility to wish-list products, among others. The company said it will also have a section for rings.

Tiffany has taken a step in diamond traceability by sharing the craftsmanship journey of its registered diamonds (0.18 carats or larger). The company discloses the country where each stone is crafted and set in.

Globally, Tiffany has over 300 retail stores. But in India its offline presence is still limited. The company entered the market through a joint venture with Mukesh Ambani's Reliance Brands Limited (RBL) and has one store which launched in 2020 just ahead of the pandemic.

In January this year, French fashion major LVMH Moët Hennessy Louis Vuitton acquired Tiffany & Co., for $16.2 billion.

Globally, the company competes with Tai Fook, LVMH, Harry Winston, Signet Jewelers and Worthy. Back home, the jewellery market remains largely unorganised though the country has seen the rise of big retailers like Tanishq, PC Jewellers, Joyalukkas, Malabar Gold and Kalyan Jewellers, among others for gold and diamond jewellery.

The branded, organized segment, according to analysis website Statista, has grown from about 5% in 2005 to an estimated 32% in 2020. During the pandemic, a lot of these businesses have also pivoted to online sales.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed - it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Varuni Khosla
Varuni serves as a Senior Assistant Editor at Mint. Her responsibilities encompass crafting compelling narratives that take a deep dive into hospitality companies, the business of art, luxury brands, the intricacies of the business of sports, advertising and marketing landscapes, gaming insights, tourism and travel industry trends. She also covers alcohol commerce. She is skilled at communication, meticulous research, and insightful analysis keeping contemporary shifts and advancements within the lifestyle and business domains at the heart of her work.
Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 19 Oct 2021, 12:58 PM IST
Next Story footLogo
Recommended For You