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Mehul Choksi Named Among Jewelry Industry Power Brokers
Apr 18, 2012 6:55 AM
By Gitanjali Group
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Press Release: Mehul Choksi, the chairman and managing director of Gitanjali Group, was named as one of the ''Top 50 International Power Brokers of Jewelry Industry'' by U.S. publication JCK Magazine.
The other four power brokers are Henry Cheng, the executive chairman of Chow Tai Fook; Bernard Arnault, chief executive of LVMH; François Curiel, the head of Christie’s jewelry department worldwide and Johann Rupert, the chairman of Richemont.
The magazine compiled a Power List of 50+ movers, shakers, and tastemakers in the jewelry industry worldwide, which is not based on numbers, but is comprised of people who are “making waves and breaking barriers in the business.”
Choksi is the only Indian to figure on the list.
Elaborating on the concept, the magazine said, “The members of our Power List wield influence. They are listened to. They make things happen. And this business would be significantly different without them.”
The JCK Power List was put together by the magazine’s editors in consultation with numerous outside experts.
About Gitanjali Group:
Gitanjali Group is the world’s largest integrated branded jewelry manufacturer-retailer with an annual turnover of over $2.1 billion. The group pioneered jewelry retail revolution in India by launching Gili way back in 1994. Gitanjali today owns and distributes eight out of the top ten jewelry brands in the country including Gili, Nakshatra, Asmi, D’damas, Sangini, Diya, Nizam and Parineeta. At an International level, Gitanjali enjoys direct access to the US retail market through 111 high end stores under Samuels Jewelers Inc. which is the 5th largest specialty retail chain in the US. acquired by the group in 2006.
The group has also taken the lead in introducing well known Italian jewelry to the Indian market which includes the acquisition of Italian brands - Valente, Stefan Hafner, Nouvelle Bague, IO SI and Porrati. Today, the group’s activities are spread across the entire value chain from rough diamond sourcing, cutting, polishing and distribution, and jewelry manufacture, to jewelry branding and retail, as well as global lifestyle brands, in India and abroad.
Rapaport News is not responsible for, and does not endorse, the content of any press release. Press releases are not written by us and are provided only as additional information for our clients.
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Tags:
diamond, Gitanjali, Gitanjali Group, India, JCK, Jewelry, Mehul Choksi, Rapaport
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