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Tanishq SWOT
1.
2. Hike in gold import duty to 15%
Efforts by Government to reduce the demand
for Gold
Lower prices offered by local jewellers
selling gold sourced through various other
routes.
Latest RBI rules now mandate that any
importer of gold will have to earmark 20 per
cent of that gold for exports.
3. High gold prices and efforts by
Government to reduce demand
Economic slowdown and lower disposable
income
Depreciation of rupee
Increasing wages and costs
4. Jewellery is considered to be a tradition from
ancestral time
Jewellery is considered auspicious
(Mangalsuthra, Akshaya Thritiya)
Tanishq also stands for social status and
prestige
jewellery has always been linked with
Wealth, Prosperity and Power
5. Less labour intensive
Use of technology to measure purity
Innovative Design using CAD/CAM
Technologically updated manufacturing
unit leading to better quality
6. All the glitters is purely gold
Trustworthiness
Credibility
Respect
Traditions
7. Competition from local jewelers
Western designs
18 carat wedding jewelry instead of the
traditional 22 carat
The brand name was markedly feminine
Exquisite showroom but limited inventory
on display
8. Teenagers Collection
Open 33 new stores in FY 14
Swarnanidhi Scheme
Goldplus Future Scheme
The confident matriarch segment