/ Gitanjali Gems, Titan, PC Jeweller Lists Among World's Top 50 Luxury Goods Cos ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 22 May 2017

Indian jewel giants, Titan, PC Jeweller and Gitanjali Gems have made their entry in the list of top 50 luxury goods companies globally which was topped by Louis Vuitton.

In the fourth Global Powers of Luxury Goods report, PC Jeweller was ranked 44th, Titan Company was ranked 31st and Gitanjali Gems was ranked 30th among others.

Luxury conglomerates are participating in multiple sectors of the luxury good market globally, for the top 10 spots in the list.

The top three companies are LVMH Moet Hennessy-Louis Vuitton SA (Louis Vuitton, Bulgari, Emilio Pucci, DonnaKaran, TAGHeuer), Compaigne Financiere Richemont SA (Cartier, Van Cleef & Arpels, Montblanc, Chloe), and The Estee Lauder Companies Inc (Estee Lauder, M.A.C., Aramis, Clinique, Aveda, Jo Malone).

The world's 100 largest luxury goods companies generated sales of $212 billion in 2014-15, the report added. The average luxury goods annual sales for a top 100 company stood at $2.1 billion.

Gitanjali Gems during Monday’s trading session is trading on a flat note, rising 1.5% in opening session, Titan Company is trading at Rs 479 per share higher by 1.7% and PC Jeweller is trading at Rs 455 per share higher by 1.1% at 1200 hours.

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