E-Paper

UAE

Life and Living

World

Opinion

Business

Sports

Entertainment

Dubai World Cup

lifestyle

Travel

Reviews

Brands

Supplements

KT Events

KT APPDOWNLOAD

Joyalukkas Group to open showrooms in the US

 

Embracing the bright side: A guide on how to cultivate optimism

The power of solitude: Why you should go on a solo trip

How to get your kids to read: Essential tips for parents
Joyalukkas Group to open showrooms in the US
Joy Alukkas

Dubai - Jewellery retailer plans openings in Chicago, New Jersey and Houston

by

Deepthi Nair
  • Follow us on
  • google-news
  • whatsapp
  • telegram

Published: Wed 4 May 2016, 7:15 PM

Last updated: Wed 4 May 2016, 9:17 PM

The man with the Midas touch, Joy Alukkas dropped out of school to go to the Middle East to open the family's first overseas store in 1987 in Abu Dhabi. The Joyalukkas brand now has outlets spread across India and the Middle East, South East Asia and the UK. Other interests include money exchange, malls, textiles, luxury aviation and real estate.

The gold and diamond retail jewellery chain is now planning a US foray.

"We plan to open seven showrooms in the US. In the next two months, we have three showroom openings in Chicago, New Jersey and Houston. We will open two more showrooms in Saudi Arabia, one in Singapore and another outlet in Malaysia," said Joy Alukkas, chairman and managing director of Joyalukkas Group.

Alukkas added: "Six years ago, gold prices hovered near $1,920. Today, it is hovering around $1,290 to $1,300. It will take time to go back to previous levels again."

- deepthi@khaleejtimes.com

Deepthi Nair

More news from