Swarovski forays Indian lighting market

    Swarovski Group
    In view of the huge future business avenues in the segment, Crystal accessories maker Swarovski Group has decided to roll out six to seven premium chandelier and lightings outlets in India. After launching its first mono-brand lightings showroom in India in Hyderabad, group's executive board member Daniel J Cohen said that the firm has identified cities witnessing luxury real estate development to open the showrooms through local partners as it seeks to have a significant presence in the segment. In the next 10 years India would be among the top 10 important markets for the company. After Hyderabad, Swarovski will set up two more lighting showrooms this year, one in Delhi and the other in Mumbai. These outlets showcase crystal chandeliers in different models and price ranges. At the lower end comes Crystal Empire with prices ranging from Rs.8 lakh to Rs.12 lakh and Hamilton, a group of black crystal chandeliers, priced between Rs.15 lakh and Rs.20 lakh. Other premium crystal chandelier models cost anywhere between Rs.30 lakh and Rs.50 lakh each, he claimed.
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