Best Gold Jewellery Franchise in India – Jewellery Franchise Business
One of the hardest decisions and phases for a person to go through is starting a new business. Jewelry has never been out of style; in fact, the market has always seen a boost in demand and sales during difficult times. Everyone prefers and chooses jewellery as their item of choice, whether it be as a gift or for events like weddings, festivals, or other social gatherings. In fact, women store jewellery as an asset and a reminder of gifts they have received and are drawn to it even more. Since beginning a jewellery business is profitable for all business owners, having a franchise of a well-known jewellery brand is even better.
Benefits of having a Gold Jewellery Franchise
- The potential to launch your business with an existing, well-known brand in the market with a client base is the top benefit you would gain from owning a franchise. That benefit is well recognised, but it's significant in the context of the jewellery business.
- A consumer would not randomly buy any jewellery that they have never heard of or seen because jewellery is an essential item for a purchase. For them, the brand name and the level of trust matter more than the design all the time. Having a jewellery franchise from a well-known brand might help you close the sale and close the trust gap with your customer.
- You might deal with a lot of customers every day, but the representatives of the jewellery business whose franchise you have bought will teach you the necessary skills, training, and closing techniques. Such training or abilities must be acquired in order to properly run your firm.
Top 10 Best Jewellery Franchise in India
In India, people spend a lot of money on various types of jewellery. As a result, each town has a specific jewellery market. However, not all of them have big sales because customers prefer to shop at reputable companies. Therefore, a business owner should invest in the Best Jewelry Franchise in India, having a good consumer base.
Tanishq
Tanishq is the best jewellery franchise in India and was established in 1994 by entrepreneur Xerxes Desai, who is located in Bengaluru.
It has more than 200 franchise locations spread across numerous cities and generates a sizable annual turnover. Investors will need to invest between Rs. 1.5 and 3 crores to purchase this jewellery franchise.
A franchise outlet's revenue is claimed by the franchisor at a rate of 25%. To operate this outlet, business owners must hire 5 to 9 employees and rent or own a space measuring 2000 to 5000 square feet.
They also need AC, CCTV, a billing counter, a product display area, computers, and an internet connection.
| Year of Establishment | 1966 |
| No. Of Outlets | 200 |
| Franchise Cost | ---- |
| Total Investment Required | 1.5 - 3 Crores |
| Royalty Fee | ---- |
| Space Required | 2000 - 5000 Sqft |
Kalyan Jewellers
One of the top jewellery franchises in India and a well-known jewellery brand is Kalyan Jewellers franchise. It was started in 1993 by T. S. Kalyanaraman, and the first location was established in Thrissur.
Currently, there are about 16 locations of this jewellery store spread over the country.
The first franchise cost is approximately Rs. 5 lakh, and the infrastructural investment will be between Rs. 50 lakh and Rs. One Crore in total.
Franchisee of Kalyan Jewellers is required to contribute 4% of his overall earnings. He will need to hire 6 to 10 staff people and set up the store in an area of 1000 to 1500 square feet.
The store should contain internet-connected computers, a checkout desk, a jewellery display area, air conditioning, and a CCTV setup.
Bluestone
Bluestone was established in 2011 by entrepreneur Gaurav Singh Kushwaha of Bangalore. With about 10 shops spread out over the country, it is one of the top 10 jewellery franchises in India.
The initial franchise cost for a 5-year term is $5 Lacs, and the required infrastructure investment ranges from Rs. One to Rs. Two Crore.
Ten percent of the profits generated by a franchise location, according to this franchisor.
A Bluestone outlet should have a unit area of 500–1000 square feet and 2–7 staff.
This franchise shop must have computers, an internet connection, a billing counter, a jewellery display area, air conditioning, and CCTV.
Nakshatra Diamonds
One of the best jewellery franchises to invest in is Nakshatra Diamonds.
Prafulchandra Patel created it in 2011, and as of this writing, the country is home to more than 200 of its locations.
Investors can purchase this franchise for 3 years for a one-time charge, but they will also need to invest between Rs. 70 lakh and Rs. 3 crore for infrastructure.
20% of the profits made by a Nakshatra Diamonds franchise owner must be given to the franchisor.
To operate the store, they will need to own or rent a space of 500 to 1000 square feet and have 2 to 8 employees.
Internet access, a product display space, a payment counter, air conditioning, and CCTV setup are necessities.
Senco Gold
One of the largest jewellery chains in Eastern India, Senco Gold has more than 50 locations across the country.
It is regarded as a Top Jewelry Franchise to Invest in and was established in 1950 by Prabhat Chand Sen, Shankar Sen, and Suvankar Sen.
The infrastructure of this jewellery store will require investments ranging from one to five crores of rupees from the business owners.
A franchisee's total earnings are deducted by this franchisor by 2%. The store should have 2 to 5 staff and a unit area of between 250 and 500 square feet.
Internet-connected computers, a payment counter, a product display area, CCTV, and AC are further essentials.
Gili
Dhanesh Vrajlal Sheth, a businessman from Mumbai, is the creator of Gili. It was established in 1994, and as of right now, India is home to 10 to 20 franchise locations.
For a one-time cost of between 4 and 7 lacs, Gili, one of the Top 10 Jewelry Franchises to Invest in, offers a 5-year franchise.
The total cost of the infrastructure investment will range from Rs. one to three crores.
15% of the total revenue must be split between the franchisor and the franchisee. To operate his store, he will need a space of 500 to 1000 square feet and 2 to 6 workers.
The store should have a place to exhibit jewellery, a place to pay, computers with internet access, air conditioning, and CCTV.
PC Jewellers
Padam Chand Gupta founded PC Jewellers in 2005, making it one of the best jewellery franchises available. It has between 10 and 20 franchise locations across the country.
This jewellery franchisor provides a 9-year franchise without charging an upfront cost. However, setting up the infrastructure will cost investors between Rs. five and ten crores.
The franchisor of PC Jewellers claims between 35 and 20 percent of each franchisee's sales. To open this store and hire 3 to 8 people, investors want a space of 600 to 1200 square feet.
Computers, an internet connection, a cash register, a jewellery display area, air conditioning, and CCTV will all need to be kept up to date.
Gitanjali Jewellers
Gitanjali Jewels is the eighth brand on the list of the best jewellery franchises to purchase. Mehul Choksi founded it in 1966, and there are approximately 180 to 200 franchise locations spread around the country.
Investors can purchase this franchise for three years for a one-time charge of Rs. five lakh, and the infrastructural investment costs between Rs. one and two crore.
Up to 96 percent of all earnings can be kept by a Gitanjali Jewels franchise owner. He will need to hire 6 to 10 employees and set up the store in an area of 500 to 5000 square feet.
The store should be equipped with internet-connected computers, air conditioning, CCTV, a billing counter, and a space for product displays.
| Year of Establishment | 1966 |
| Franchise Cost | 5 Lakhs |
| Total Investment Required | 1 - 2 Crores |
| Royalty Fee | 4% |
| Space Required | 500 - 5000 Sqft |
JewelSouk
One of the Top 10 Jewelry Franchises to Buy is Sudhirbhai Ambalal Mehta's project, JewelSouk.
The jewellery brand's first store launched in Mumbai in 1989, and as of right now, there are about 12 franchise locations spread out over the country.
The initial franchise cost for five years is between one and two lacs, while the required investment in infrastructure is between twenty and thirty lacs.
A franchisee's entire earnings are deducted by the franchisor by 20%. To obtain the franchise, investors need a store with between 3 and 7 employees and a square footage of 1000 to 2000.
They will be responsible for maintaining computers, internet access, air conditioning, CCTV, a billing counter, and a space for product display.
| Year of Establishment | 1989 |
| Franchise Cost | 1 Lakhs - 2 Lakh |
| Total Investment Required | 1-2 Lakhs |
| Royalty Fee | 4% |
| Space Required | 1000 - 2000 SqFt |
Asmi Diamond Jewellery
One of the best jewellery franchises in India is Asmi Diamond Jeweller.
It was established in 2002 by Chetna Jayantilal Jhaveri, Dinesh Gopaldas Bhatia, and Sudhirbhai Ambalal Mehta, and at the moment there are numerous franchise locations all over the world.
The initial franchise price ranges from Rs. 3 lakh to 10 lakhs for three years, while the required infrastructure investment ranges from Rs. one to two crore
| Year of Establishment | 2002 |
| Franchise Cost | 3 Lakhs - 10 Lakhs |
| Total Investment Required | 1-2 Crore |
| Royalty Fee | 4% |
| Space Required | 400-900 Sq Feet |
This franchisor asserts a 4% cut of franchise outlets' sales. To open this jewellery business, investors will need to rent or buy a space of 400 to 900 square feet and hire 6 to 10 employees.
A billing counter, a product display space, AC, CCTV, PCs with an internet connection, and other necessities are also needed.
Disclaimer: The information provided in this post is for general informational purposes only and does not constitute professional advice. Please consult a qualified professional before making any decisions based on this content.
