Shilpa Dhamija

Gautam Adani, India’s richest man, with family wealth valued at about €125.4 billion ($138.5 billion), celebrated the wedding of his youngest son, Jeet Adani with Diva Shah, daughter of a leading diamond merchant in India, in an intimate ceremony in Ahmedabad over the weekend.

India has emerged as the fastest growing market for Swiss watch exports, according to the latest annual figures by the Federation of the Swiss Watch Industry (FH). What is driving this growth? Can India maintain its remarkable pace? Luxury Tribune finds out from key players in India’s watch market.

2025 is likely to see the highest migration of millionaires around the world. About 142,000 individuals with liquid investable wealth equal to, or exceeding $1 million (€ 975K) are projected to seek new domiciles.

Darshan Mehta, who launched and led India’s largest luxury retail network – Reliance Brands Limited is set to step down as Managing Director. He is likely to transition into an advisory role, according to internal company communications accessed by Luxury Tribune.

Noel Tata, half-brother of Ratan Tata, has been appointed as the new Chairman of Tata Trusts following a joint meeting of the Trustees held after the recent passing of Ratan Tata, the former Chairman of Tata Group.

India has lowered import duties on gold jewellery from 25% to 20%, bringing some relief to foreign jewellery brands seeking market expansion in the country. Bvlgari, Cartier, Tiffany and Chopard are some of the major foreign brands that sell jewellery in India.

While Mumbai and Delhi lead India’s luxury market growth, Bangalore and Hyderabad in the south are emerging as potential luxury hotspots with a burgeoning affluent and cosmopolitan population. Luxury Tribune analyses the opportunities and challenges for luxury in India’s southern metros.

Last winter, India hosted 3.2 million weddings during the auspicious days of the season.

In the early 1960s, Gokaldas Khimji, an Oman-based businessman of Indian descent, launched the country’s first-ever Rolex boutique. Nearly six decades later, the Rolex-Khimji partnership […]

India is seen as the next growth market for Swiss watches, but how is it really doing? Yashovardhan Saboo, founder and chairman of Ethos Watches, India’s largest watch retailer, answers the question in an exclusive interview.

Affected by falling demand in China and Hong Kong, Swiss watch exports fell by 2.8% in 2024, while India and Mexico saw the strongest growth.

Economic headwinds and miscalculated strategies are expected to constrain the luxury goods industry’s growth to a modest 1% to 3%, annually, through 2027, according to McKinsey & Co.’s latest State of the Fashion report.

Over the next decade, more than a million wealthy individuals (with net worths exceeding €4.6 million or $5 million), are expected to transfer around €28.6 […]

Global UHNW travellers, spending at least €70,000 annually on luxury tax-free shopping, recorded a recovery of 168% in the past 12 months compared to pre-pandemic levels, according to a Global Blue report. US & China Wealthy Tourists Choose France for Luxury Shopping, Indians Favour Singapore.

India will phase out import tariffs on Swiss watches from 22% to 0% following the ratification of a trade agreement with the European Free Trade Association (EFTA). This move is expected to unlock vast growth potential for the watch industry in one of the world’s fastest-growing economies. How does India stand to gain?