Joy Alukkas, Chairman and Managing Director of Joyalukkas Group, has been named the richest jeweler in India according to Forbes. The company reported a turnover of Rs 14,513 crore in FY2023 and aims for a turnover of Rs 17,500 crore in FY2024. Joyalukkas plans to open 30 new showrooms in India and 10 abroad, investing approximately Rs 2,400 crore. The Indian jewelry market is projected to surpass USD 100 billion by 2027, with 38% falling under the organized sector.
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