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Tuesday, 17th February 2004 (6540 views)

A group of speciality malls are being planned dedicated to jewellery retailing such as gold, diamond and platinum, by the Aarens Group in India.<BR/><BR/>The first of such malls in Delhi, entitled Gold Souk (Arabic for Gold Bazaar), is set to be expanded to nine stores across the country over five years.<BR/><BR/>Approximately 1.8 sq ft big, the mall will contain local, national and international jewellery manufacturers retailing their products.<BR/><BR/>Being promoted by Northern India real estate business Aarens Group, the malls are being provided as a platform for various jewellery manufacturers, with a dedicated space in each for branded jewellery and the rest displaying more traditional jewellery.<BR/><BR/>President of Aarens Gold Souk, G S Pillai, told the Financial Express: 'We are looking to provide variety, ambience and quality through Gold Souk. Gold Souk will be a pure retail mall dedicated to jewellery, be it gold, diamond or platinum. We are looking to invest in the region of R360 in the nine Gold Souks.'<BR/><BR/>Intended as an option to traditional jewellery shops, which Indians often visit, the stores will hold a number of events around festive occasions to run in line with the tradition of buying jewellery at these times.

 

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