The retail unit of India's Rajesh Exports Ltd, Shubh Jewellers, posted record sales in the Diwali and Christmas holiday seasons of just over $40 million, and sold 743 kilos of gold jewelry.
The jewelry retailer posted a 45 percent rise over sales during the same period last year and an increase of 37 percent over the footfalls [visitor numbers] recorded during the holiday season in 2011.
“We have emerged as the fastest-growing retail brand in the country primarily due to our value for money and latest designs offering to the retail consumers," says Rajesh Exports Chairman Rajesh Mehta in a media release.
The company said it has created 1,000 new designs for the forthcoming wedding season to be introduced from January 15.