Thursday, 1st May 2008 (776 views)

Indian gold jewellery maker Rajesh Exports has secured a deal 5.34 billion rupees (£66.26 million) to export it products to Kuwaiti firm Lazorde Jewellery, according to reports.

News service Reuters states that Rajesh confirmed to the stock market that the order will be completed by June 30th 2008.

Rajesh Exports is the world's largest manufacturer of gold jewellery and the biggest exporter of it in India.

It manufactures its pieces at a facility in Bangalore, southern India and also has a deal with a gold mining and refining firm owned by the Australian government, which the company claims is the only mine-to-customer operation in existence.

The company is currently expanding its network of stores in India. It has recently opened 30 new outlets in the Laabh network and launched the Shubh Muthoot Gold venture, which specialises in selling gold coins.

It also has plans to open 100 new stores under the Shubh Jewellers retail brand across southern India.

 

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