Iconic American jeweller Tiffany & Co is planning to enter into the Indian market in partnership with Reliance Industries and plans to open its first store in Delhi in 2019 and one in Mumbai next year.
Tiffany, which is known for its diamond engagement rings and robin's egg blue boxes, will be another marquee name to join the ever-growing portfolio of Reliance. In May, it had bought British toy-store chain Hamleys.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
