Starting a new venture is one of the most difficult decisions and phases to go through for an individual. Jewellery is an item that has never gone out of fashion, instead, during desperate times, the industry has always seen a rise in demand and sales. Be it as a gift, for functions, marriages, festivals, and so on, everyone prefers and decides on jewellery as their choice, in fact, Women store jewellery as their asset and a token of a gift from their loved ones and fancy even more of them. Hence, starting a Jewellery business is profitable for every business owner, even better than that is the idea of having jewellery franchises of a well-known Jewellery brand.
With the increasing demand and popularity of jewelry in India, investing in a jewelry franchise can be a great way to earn good revenue. The top 5 jewelry franchises to invest in India are BlueStone, Kalyan Jewellers, Tanishq, GoldPlus, and Senco Gold & Diamonds. These franchises have a good reputation and are well-established in the industry, making them a good choice for investors.
1. BlueStone
BlueStone is one of the top 5 jewellery franchises to invest in India. It is a very popular brand and has a wide range of products. It has a good reputation and is known for its quality products. Investors can get a good return on their investment by investing in this franchise. The total turnover of this company is Rs. 12,500 crore. This is a primary reason that marks high sales in jewellery shops across the nation. Therefore, investors can get the best Jewellery Franchise and earn a lot of revenue through it. The company has a good hold over the market due to its 29 years of experience in the industry. To apply for the franchaise of BlueStone, you need to have a minimum investment of Rs. 20 lakhs. The company has its headquarters in Mumbai and has over 60 stores across the country. It offers a wide range of gold, silver and diamond jewellery. The company also provides an online platform for its customers.
The company has been in the business for over 10 years and has a good reputation in the market.
2. Kalyan Jewellers
Kalyan Jewellers is a popular jewellery brand and one of the Top Jewellery Franchises in India. T. S. Kalyanaraman founded it in 1993, and the first outlet was opened in Thrissur. Today, this jewellery store has around 20 outlets in different parts of the nation. The one-time franchise fee is around ₹ 5 Lacs, and the infrastructural investment will range between ₹ 50 Lacs and 1 Crore. The franchisee of Kalyan Jewellers has to share 4% of the total revenue earned by him. The minimum area required for this franchise is between 1000 to 1500 sq. ft of area and the required staff members are around 10
3. Tanishq
Tanishq is one of the most popular jewellery brands in India and it is a subsidiary of the Tata Group. It was founded in the year 1984 and since then, it has been providing high-quality jewellery products to its customers. Tanishq has more than 100 stores in India and its products are also available online. It offers a wide range of products such as gold jewellery, diamond jewellery, and silver jewellery.
Investors will have to spend around ₹ 1.5 crores to 3 crores to get this jewellery franchise. The franchisor claims 25% of the revenue earned by a franchise outlet. The minimum area required for being eligible is between 2000 sq. ft to 5000 sq. ft, with a staff of 6 to 9 members.
4.Gitanjali Jewels
The 4th among the Top Jewellery Franchises to buy is Gitanjali Jewels. It was set up by Mehul Choksi in 1966 and currently has over 200 franchise outlets nationwide. Investors can get this franchise for 3 years by paying a one-time fee of ₹ 5 lacs, and the infrastructural investment amount ranges between ₹ 1 crore and 2 crores. A franchise owner of Gitanjali Jewels can retain up to 96% of the total revenue earned. The minimum required area for this Franchise ranges between 500 to 2000 sq. ft and the minimum staff members required at the outlet is around 6 to 10 members.
5. Senco Gold & Diamonds
Senco Gold & Diamonds is one of the most trusted and reputed jewellery brands in India with a wide range of gold, diamond and silver jewellery. The company has a wide network of over 100 stores across the country. The company offers a wide range of gold and diamond jewellery with a wide range of designs. The company has a wide range of gold and diamond jewellery with a wide range of designs. Investors will have to spend around Rs. 10-12 lakhs for a jewellery franchise in India. However, the returns are quite high as the jewellery business is quite profitable in India. The jewellery industry is growing at a rapid pace and is expected to reach Rs. 3,00,000 crore by 2025. So, investing in a jewellery franchise is a wise decision. The minimum required area for this Franchise is 500 sq.ft and the investment cost for this project is between Rs. 10 Lacs to Rs. 20 Lacs. The company has a good reputation in the market and the brand value is also very high. The returns on investment are also very high.
Conclusion:
Investors can get the best Jewellery Franchise and earn a lot of revenue through it. The Jewellery Franchise is a very good investment option for those looking to start their own business. The Jewellery Franchise offers a wide range of products and services that are sure to appeal to customers.
You may also like to read: Top 10 Food Franchise to Invest Under 2 Crore
