Apply for franchise First Name : Last Name : Email : Mobile : Address : City : Country : State : Pincode : Available Capital : Start-up Timeframe : Start-up Location : Investment Details Operations Commenced On : 2008 Date Commenced Frachising / Distribution : 2008 Are you looking for Franchise? Unit
Full Answer
See more
Is CaratLane owned by Tanishq?
No, the designs of each brand are available at their respective stores only. While Titan is a majority stakeholder in CaratLane, CaratLane and Tanishq are independent brands with separate operations.
Is CaratLane profitable?
subsidiary CaratLane said its Q1 revenue nearly quadrupled (+272%) to Rs. 157 crore ($21.1 million) despite only 41% of store operational days in the quarter. Online sales contributed around 50% of Q1 revenue and drove up international business almost ninefold....Toll Free1800-103-4353Missed Call91-7208048100Aug 6, 2021
Who is the owner of CaratLane?
CaratLane was founded by Mithun Sacheti and Srinivasa Gopalan with a refreshing and courageous objective – to make beautiful jewellery accessible, affordable and forever wearable.
What is the business model of CaratLane?
CaratLane manufacture its own diamonds. It takes on a sales e-commerce revenue model. They sell the jewellery manufactured by them online. The advantages of having low overheads and inventory costs as an internet business allow it to increase its operating margin and offer lower prices.
How much does CaratLane franchise cost?
Asked about the investment, he said each store -- depending on the size and location -- needs about Rs 60-80 lakh, which is either borne by the company or franchise partner.
Why is CaratLane so cheap?
The secret behind CaratLane's competitive pricing is simple. Traditional diamond retailers tend to add a resellers mark up to their prices. They also have huge store rentals, staff salary and other such overheads to bear, which ultimately get passed down to the consumer.
Is CaratLane gold real?
Apart from jewellery, CaratLane offers 22k (916) and 24k (995) gold coins with certification and the guarantee of a BIS Hallmarked stamp.
Does CaratLane use real diamonds?
And guess what? CaratLane's selection of more than 2,00,000 diamonds are all GIA, HRD, and IGI certified! Discover CaratLane's selection of authentic (and perfect!) diamonds here.
Can we sell on CaratLane?
Other than plain gold jewellery, gold coins, biscuits or bars are also accepted. The jewellery that you exchange it for can be any jewellery item from CaratLane designs (plain gold jewellery, diamond and gemstone jewellery, platinum jewellery or even solitaires).
Is CaratLane a private company?
It is classified as a private limited company and is located in Chennai, Tamil Nadu. It's authorized share capital is INR 9.99 cr and the total paid-up capital is INR 6.66 cr. Caratlane Trading Private Limited's operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2021.
Is CaratLane and BlueStone same?
Both firms follow a similar business model. CaratLane, run by Carat Lane Trading Pvt. Ltd, was founded in 2007 while BlueStone, run by Bluestone Jewellery and Lifestyle Pvt. Ltd, set up shop four years later.
Is CaratLane a good company to work?
Caratlane Trading is rated 4.4 out of 5, based on 240 reviews by employees on AmbitionBox. Caratlane Trading is known for Skill development which is rated at the top and given a rating of 4.5. However, Career growth is rated the lowest at 4.0 and can be improved.
Is it worth to buy from CaratLane?
The patterns are very elegant Cost is reasonable. Craftmanship is very good. Website layout is simple and userfriendly. I really love the packaging since it is very good and sturdy Buying from Caratlane is quite simple and we do have good choice of jewellery and even at affordable prices.
Is CaratLane resale value?
You cannot exchange your old gold for cash or gold coins. Once your exchange value is computed, you can buy any CaratLane jewellery of similar or higher value by paying the excess in cash or card. A declaration form has to be signed by you stating the weight of gold being exchanged.
Is online artificial jewellery business profitable?
Which means that this is also a high profit-margin business. The online jewellery market in India is projected to be worth USD 2 billion (nearly INR 15,000 crore) by 2022. The annual sales of imitation jewellery online in India are worth around INR 150 to 180 crore.
Can jewelry be made profitable?
Is a Jewelry Business Profitable? Yes, a store where you sell your jewelry can be profitable. In fact, the average gross margin for jewelers in the global jewelry market is about 42.6%. That means for every $100 worth of product sold, the jeweler makes approximately $42.60 in profit.