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Despite modestly positive expectations for 2024, the luxury retailmarket did not pan out as merchants had hoped. According to a 2024 report released by global management consulting firm Bain & Company, this market dropped two per cent from an all-time high of US$387 billion to US$381 billion.
Jewelry hasn’t only been a significant adornment for special occasions for Indians, it’s also an asset of social prestige and financial security for periods of uncertainties. Retailers who earned the trust of these customers, by offering the right range, quality and relevant service, benefited by being preferred over others.
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The store, which spans two floors, measures 14,400 square feet and is largely draped in quilted velvet and silk, was designed by Swarovski’s creative director Giovanna Engelbert to resemble a vibrant jewelry box filled with treasures.
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