When did Kanz Jewels set up shop in the UAE? How has jewellery retail matured in the UAE since Kanz first started operations?
We are in the business for the past 35 years and the jewellery retail industry in the UAE has been through a number of ups and downs during this time. From the Gulf War in the 90s to the 2008 Financial Crisis and the pandemic era now, UAE has bounced back and Kanz has adapted to the changing economic and social changes. The jewellery sector in the UAE is now one of the largest in the region and we are grateful to be a part of this booming industry.
Jewellery retail is also a competitive space. What is the brand’s growth strategy for the next five years?
Although the pandemic has definitely had an adverse affect in most businesses including ours we are cautiously optimistic about the prospects of growth. We believe that jewellery shopping is an experience for which consumers still prefer the physical stores. We will be expanding our stores in UAE for this reason and we are also shifting our focus to manufacturing in order to better meet the needs of our clients.
Please share your thoughts on India commemorating 75 years of independence and how the brand hopes to contribute towards India’s growth story?
I feel an immense sense of pride with India celebrating its 75th year of Independence. This day is the reminder of the sacrifices our freedom fighters had made and it has given India the platform to build on its future, which it has done exceptionally well.
Our success is highly dependable on the success of India. A lot of our clients are from India and the remarkable relationship that UAE has with India is notable and we hope this continues and grows stronger in the years to come. While we remain a diverse company with employees from all over the world, a majority of our employees are from India and their success stories are India’s success stories.
