HK Group hopes to become DTC Sightholder
February 23, 2011 – India’s Hari Krishna Group is hoping to become a DTC Sightholder, HK Group Partner Ghanshyam Dholakia tells Jewellery Outlook.
The following is an exclusive Q and A interview with Mr Dholakhia in which he outlines his vision for the HK Group.
What progress can you report in the development of your diamond manufacturing factory in the new jewellery park near Surat?
Ghanshyam Dholakia: As we have created a state-of-the-art diamond cutting facility at Simada Village we propose to use the site at the jewellery park for future expansion only. This expansion will indeed contribute towards the progress of the Group and its workforce.
What are your expansion plans for the Indian market?
Ghanshyam Dholakia: Our local strengths are loose diamonds and the domestic jewellery brand, Kisna Diamond Jewellery, which can be found across India at over 3,000 outlets. For loose diamonds we plan to participate at exhibitions in Chennai, Kolkata, and Delhi in order to raise the profile of the Hari Krishna groups domestically.
Who are your main retail clients outside India and into which geographical retail markets are you planning to expand?
Ghanshyam Dholakia: Our clientele consists of major retail chain stores across the USA & Europe and we are working on strengthening our reach within Europe and in Australia/New Zealand.
Are you hoping to become a DTC Sightholder this year?
Ghanshyam Dholakia: Over the last few years we have put in our best efforts to expand and improve efficiency. We are proud of the effort that we have put in in recent years, and thus we hope to get DTC Sightholder status. It will indeed help to boost the strength of the Group.
How do you see the market outlook for finished diamonds in India and overseas, including China?
Ghanshyam Dholakia: The world today is focusing on the two Asian giants (China and India) and we have witnessed positive growth signs for polished diamond consumption. We have our base in Shenzhen as well.