Swarovski eyes India's luxury real estate for chandelier biz

The Swarovski Group's revenues comprise Euro 2.5 billion from its core crystal jewellery and accessories business

Crystal jewellery and accessories maker Swarovski Group is planning to roll out six to seven premium chandelier and lightings outlets in India by the end of next year.

Announcing the launch of its first mono-brand lightings showroom in India in Hyderabad, the Euro 3.3-billion group’s executive board member Daniel J Cohen said the firm had identified cities witnessing luxury real estate development to open the showrooms through local partners as it seeks to have a significant presence in the segment.

For Swarovski, India represents a lot of missed opportunities in the past but it also presents a much bigger business