Reliance Retail, part of Reliance Industries is launching ‘Reliance Jewelry’ this Diwali., which makes Reliance’s jewellery foray.
Reliance will be the second corporate after the Tatas to enter the Rs 70,000 crore Indian jewellery industry. Reliance Jewelry will directly compete with Tanishq( Tatas Jewelry brand).Tata’s Tanishq is the largest jewellery retail chain in India with Rs 1,000 core annual turnover.
Reliance Jewelry is launching its first store at ‘Bangalore‘ and will roll out 400 outlets in the 3 years.