roughly 50% of USA sales is bridal jewellery and green shoots are there… https://www.cnbc.com/2023/12/05/signet-ceo-engagement-rings-are-in-demand-again-after-covid-trough.html
From latest Concall:
Anmol Bhansali: So our largest retail, our largest customers are all very well established traditional retail
houses. So we work with the largest retailer in the US, the largest jewellery retailer in the US,
which is a listed US company called Signet Jewelers. We work with many large, very well
established department stores, wholesale clubs and specialty regional retailers and large
wholesalers as well.
So fairly well established, you know, dominant customers, retail customers that have been
around for at least a decade, if not much, much more. In terms of our revenue contribution, our
top five customers would probably be, I don’t have the exact figure with me, but they would be
in that range of 50% to 55% of our overall revenue.
Our direct office, Goldiam USA, which is 100% subsidiary, targets selling to these large major
retailers, as I mentioned and gave an overview of. In general, about 50% of sales would be
bridal, with the balance being fashion jewellery, which is earrings, pendants, bracelets,
necklaces.
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