Singapore: Kalyan Jewellers' chairman and managing director, T S Kalyanaraman, is the wealthiest jeweller in India with a personal fortune of $1.3 billion (Rs 8,255 crore at 1 dollar = 63.5 rupees), according to a report by Wealth-X, a global wealth intelligence company.
Mr Kalyanaraman opened his first jewellery shop in Thrissur City in 1993 with a capital of $100,000, and his business has now expanded to 32 showrooms across South India.
With an estimated net worth of $1.1 billion (Rs 6,985 crore), Nirav Modi was ranked second on the Wealth-X list of India's wealthiest jewellers.
"Born into a family of Indian diamantaires, Modi left the family business in 1999 and launched his own company, Firestar Diamonds. In 2007, Firestar Diamonds acquired New York-based Sandberg & Sikorski," it said.
Third on the list was M P Ahammed, with a personal fortune of $1 billion (Rs 6,350 crore). Mr Ahammed had opened the first Malabar Gold & Diamond showroom with only $70,000.
Others on the list included Bhima Jewellers' B Govindan with a personal wealth of $620 million (Rs 3,937 crore), Kiran Gems' Vallabhbhai S Patel ($590 million or Rs 3746.5 crore), Laxmi Diamond's Vasant Gajera ($580 million or Rs 3,683 crore), Dharmanandan Diamonds' Laljibhai Patel ($480 million or Rs 3,048 crore), Kiran Gems' Babubhai Lakhani ($470 million or Rs 2,984.5 crore), Kiran Gems' Mavji Bhai Patel ($410 million Rs 2,603.5 crore) and Rajesh Exports' Rajesh Mehta ($310 million or Rs 1,968.5 crore).
Wealth-X provides insight into the ultra wealthy with the world's largest collection of curated research on ultra high net worth individuals.
"The gems and jewellery industry is among India's fastest growing sectors fuelled by UHNWs affinity for jewellery and the fact that they view it as an important store of value. For India's ultra wealthy jewellers, all that glitters is gold!" said Sahil Mehta, director-Indian subcontinent at Wealth-X.
Singapore: Kalyan Jewellers' chairman and managing director, T S Kalyanaraman, is the wealthiest jeweller in India with a personal fortune of $1.3 billion (Rs 8,255 crore at 1 dollar = 63.5 rupees), according to a report by Wealth-X, a global wealth intelligence company.
Mr Kalyanaraman opened his first jewellery shop in Thrissur City in 1993 with a capital of $100,000, and his business has now expanded to 32 showrooms across South India.
With an estimated net worth of $1.1 billion (Rs 6,985 crore), Nirav Modi was ranked second on the Wealth-X list of India's wealthiest jewellers.
"Born into a family of Indian diamantaires, Modi left the family business in 1999 and launched his own company, Firestar Diamonds. In 2007, Firestar Diamonds acquired New York-based Sandberg & Sikorski," it said.
Third on the list was M P Ahammed, with a personal fortune of $1 billion (Rs 6,350 crore). Mr Ahammed had opened the first Malabar Gold & Diamond showroom with only $70,000.
Others on the list included Bhima Jewellers' B Govindan with a personal wealth of $620 million (Rs 3,937 crore), Kiran Gems' Vallabhbhai S Patel ($590 million or Rs 3746.5 crore), Laxmi Diamond's Vasant Gajera ($580 million or Rs 3,683 crore), Dharmanandan Diamonds' Laljibhai Patel ($480 million or Rs 3,048 crore), Kiran Gems' Babubhai Lakhani ($470 million or Rs 2,984.5 crore), Kiran Gems' Mavji Bhai Patel ($410 million Rs 2,603.5 crore) and Rajesh Exports' Rajesh Mehta ($310 million or Rs 1,968.5 crore).
Wealth-X provides insight into the ultra wealthy with the world's largest collection of curated research on ultra high net worth individuals.
"The gems and jewellery industry is among India's fastest growing sectors fuelled by UHNWs affinity for jewellery and the fact that they view it as an important store of value. For India's ultra wealthy jewellers, all that glitters is gold!" said Sahil Mehta, director-Indian subcontinent at Wealth-X.
Singapore: Kalyan Jewellers' chairman and managing director, T S Kalyanaraman, is the wealthiest jeweller in India with a personal fortune of $1.3 billion (Rs 8,255 crore at 1 dollar = 63.5 rupees), according to a report by Wealth-X, a global wealth intelligence company.
Mr Kalyanaraman opened his first jewellery shop in Thrissur City in 1993 with a capital of $100,000, and his business has now expanded to 32 showrooms across South India.
With an estimated net worth of $1.1 billion (Rs 6,985 crore), Nirav Modi was ranked second on the Wealth-X list of India's wealthiest jewellers.
"Born into a family of Indian diamantaires, Modi left the family business in 1999 and launched his own company, Firestar Diamonds. In 2007, Firestar Diamonds acquired New York-based Sandberg & Sikorski," it said.
Third on the list was M P Ahammed, with a personal fortune of $1 billion (Rs 6,350 crore). Mr Ahammed had opened the first Malabar Gold & Diamond showroom with only $70,000.
Others on the list included Bhima Jewellers' B Govindan with a personal wealth of $620 million (Rs 3,937 crore), Kiran Gems' Vallabhbhai S Patel ($590 million or Rs 3746.5 crore), Laxmi Diamond's Vasant Gajera ($580 million or Rs 3,683 crore), Dharmanandan Diamonds' Laljibhai Patel ($480 million or Rs 3,048 crore), Kiran Gems' Babubhai Lakhani ($470 million or Rs 2,984.5 crore), Kiran Gems' Mavji Bhai Patel ($410 million Rs 2,603.5 crore) and Rajesh Exports' Rajesh Mehta ($310 million or Rs 1,968.5 crore).
Wealth-X provides insight into the ultra wealthy with the world's largest collection of curated research on ultra high net worth individuals.
"The gems and jewellery industry is among India's fastest growing sectors fuelled by UHNWs affinity for jewellery and the fact that they view it as an important store of value. For India's ultra wealthy jewellers, all that glitters is gold!" said Sahil Mehta, director-Indian subcontinent at Wealth-X.
Sign Up with Google
RECOMMENDED FOR YOU
POPULAR