Page 9 - Bullion World Issue 10 Volume 05 October 2025
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Bullion World | Volume 5 | Issue 10 | October 2025
                                                                  B ullion  W orld |  V olume 5 | I ssue 10 | O ct ober  2025
           Historically, jewellery designs were deeply rooted in   trust, addressing a long-standing consumer
           regional and cultural aesthetics - such as Punjabi,   concern.
           Bengali, or Telugu styles. While these traditions still
           hold value, consumer preferences are now leaning   To further build customer confidence, Tanishq
           toward more universal, lighter, and modern designs.  introduced the Impure-to-Pure Exchange Program
           Elements like kundan, formerly reserved for grand,   (in 2000), which allowed customers to exchange
           traditional occasions, are now being reinterpreted   impure or uncertified gold jewellery for guaranteed
           in more refined and wearable formats. There is a   22-carat Tanishq pieces. This initiative became a
           growing demand for fusion styles that combine      turning point in winning over skeptical consumers.
           ethnic charm with contemporary sensibilities,
           making jewellery suitable for a wider range of     Recognizing the cultural and emotional significance of
           occasions.                                         gold purity in India, Tanishq shifted its primary offering
           This shift is evident in Titan’s diverse portfolio, which   from 18-carat to 22-carat jewellery, aligning the brand
           includes traditional brands like Tanishq and more   with traditional buying expectations and broadening its
           modern offerings like CaratLane, Mia, and even men’s   appeal across demographics.
           jewellery lines such as Aveer.
                                                              To make jewellery purchasing more accessible and
           Tanishq’s Journey: Key Milestones in Building      systematic, Tanishq launched the Golden Harvest
           Trust and Market Leadership                        Scheme, which encouraged customers to save over a
           Tanishq, Titan’s flagship jewellery brand, has     period of time and then redeem their savings toward
           undergone a remarkable evolution since its inception   jewellery purchases. This initiative promoted financial
           in the 1990s. What began as a bold venture into a   planning and brand loyalty.
           traditionally unorganized market has grown into one of
           India’s most trusted jewellery brands. Here are the key   Tanishq revamped its retail experience by introducing
           strategic milestones that shaped this transformation:  warmer, more welcoming store environments,
                                                              supported by a friendlier, better-trained staff.
           Tanishq entered the Indian market with a focus on   Advertising became more inclusive, and the product
           Western-style diamond jewellery, offering 18-carat   portfolio expanded to include lighter-weight designs,
           products in elite, formal showrooms. This approach,   making the brand more approachable and relatable.
           while aspirational, failed to resonate with Indian   The franchise model also enabled deeper market
           consumers, who valued tradition, higher gold purity,   penetration, especially into Tier 2 and Tier 3 cities.
           and cultural relevance in their jewellery purchases.
                                                              Strategic Brand Segmentation:
           A pivotal moment came with the launch of the       Catering to India's Diversity
           CaratMeter (in 1996)- a technology that enabled    Titan has built a multi-brand strategy to cater to
           real-time testing of gold purity. By exposing      the varied preferences and demographics of Indian
           widespread discrepancies in gold caratage sold by   consumers:
           unorganized jewellers, this innovation positioned
           Tanishq as a brand rooted in transparency and      •   Tanishq is the flagship brand, addressing a wide
                                                                 range of traditional, festive, and occasion-based
                                                                 needs for consumers aged 30 and above. Its large-
                                                                 format stores and expansive product range make it
                                                                 the ‘go-to’ brand for weddings and festivals.


                                                              •   Zoya caters to the global Indian consumer -
                                                                 sophisticated, well-travelled, and seeking luxury.
                                                                 Positioned as a bridge-to-luxury brand, Zoya
                                                                 combines international aesthetics with exclusivity.

                                                              •   Mia was launched in 2012 for young, urban
                                                                 women seeking lightweight, affordable, and
                                                                 wearable jewellery. Its digital-first, small-store


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