Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities

Affordability Is the Major Factor For The Tremendous Growth Of Artificial Jewellery Industry: Atul Netan Rao

In conversation with Franchise India, Atul Netan Rao, Jewel Junction, talks about the major factor contributing to the growth in the artificial jewellery industry.

By Content Writer
Affordability Is the Major Factor For The Tremendous Growth Of Artificial Jewellery Industry: Atul Netan Rao

Artificial jewellery has been part of our culture for almost 300 years. The fashion conscious Indian women with higher disposable income are driving the fashion and artificial jewellery market in India. 

Jewel Junction is one amongst the 9 jewellery manufacturing company in India. With their own designing team, designing house and manufacturing team, they are providing designer jewelleries at an affordable price.

In conversation with Franchise India, Atul Netan Rao, Jewel Junction, talks about the importance of vision in franchising and factors contributing to the growth in the artificial jewellery industry.

Key Driver Of Artificial Jewellery Industry

Due to the high soaring price of gold and diamond, the artificial jewellery business has a great potential to prosper. Affordability is the major factor for the tremendous growth of artificial jewellery industry. Imitation Jewellery is the product which is an impulse buying product; people don’t buy it out of necessity. If the design appeals to them; they are going to buy it.

“A lot of people cannot afford to buy a 5-10 lakhs earring which they are going to buy 10-30 times in a lifespan. They would rather prefer to spend on jewellery which resembles the precious jewelleries. This is the reason the artificial jewellery is booming nowadays.” said, Rao.

Win-Win Situation for Both Parties

Jewel Junction is giving a one-week waiver for their prospective franchisee. There’s no franchising fees or royalty for that.

“The main motive of expansion is that we want two people to be benefitted, one the company, by making a brand growing its arm round pan India and secondly the person taking it” added, Rao.

The compatibility test

The most important thing entrepreneurs usually consider before giving a franchise is the person who’s taking it.

“We need to see if he is the right person in making a decision because we are not here to only make money, we are here to build a team of such strategical partner. So we need to figure out in a few minutes’ interactions, are we both fit for each other or not?” stated, Rao

Comment
image
image
image
GEHNA : 18, Nov 2018 at 06:42 PM
Would like to know more about Jewel Junction
Vishal soni : 27, Nov 2018 at 09:16 AM
How to connect with this business
Related opportunities
  • Juices / Smoothies / Dairy parlors
    About Us: Established in the year 2017, SCOSSA, a venture of..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ambala Haryana
  • Tea and Coffee Chain
    About Us: Belief: “as is sound, so as echo” Mission: “best tea every t..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Bakery & Confectionary
    About Us:  In 2015, started by Mr. Manu Ranganathan with a..
    Locations looking for expansion Tamil nadu
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Payment Solution services
    About Us: Mswipe Technologies Private Limited is engaged in the business..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts