Tanishq to open 15 new retail stores in next fiscal

KOCHI: Country's first and largest jewellery retail store chain Tanishq will open 15 new retail stores in various parts of the country in the 2011-12 fiscal.

Of the 15, five would be large format stores of 10,000-15,000 square feet which would be company stores, Tanishq General Manager, Saumen Bhaumik, told reporters here.

A 22,000 square feet showroom is coming up at Mumbai soon, besides large stores at Kolkata and Delhi, he said.

The Tanishq retail chain includes 121 exclusive boutiques, including two Zoya stores, in 76 cities.

Tanishq, today, relaunched its Kochi showroom as an all- diamond showroom, first of its kind in the country. The store would be having the largest range of diamonds, Bhaumik said.

The diamond business is doing very well and growing far more than 50 per cent. During the last one year there has been 10-15 per cent increase in diamond prices. Tanishq's turnover from diamond business during the last fiscal was Rs 900 crore.