Home Retail JewelEmart aims Rs 100 crore turnover in first year of operation

JewelEmart aims Rs 100 crore turnover in first year of operation

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, a newly launched online jewellery portal, aims to achieve Rs 100 crore turnover in 2016-17, the first year of operation.

JewelEmart aims Rs 100 crore turnover in first year of operation
JewelEmart co-founder and CEO Adish Shah said the online virtual store can generate more than 1 lakh jobs

JewelEmart, which offers platform to both gems and jewellery producers as well as consumers, sells certified diamond-studded gold jewellery items on its platform.

“The company has targeted a Rs 100 crore turnover in its first year of operation, while the second year should see a growth of 50 per cent,” the company said.

In the third year of the operation, JewelEmart is expected to see 200 per cent growth and achieve a turnover of Rs 300 crore, it added.

JewelEmart co-founder and CEO said the online virtual store can generate more than 1 lakh jobs.

The company has a tie-up with jewellers and has partnered with Vamaship for logistics and Payment Gateway for banking. It will sell purity certified ‘Hallmarked’ jewellery.