Sacheti: India produces 90% of global diamonds but captures 8% of margins
Mithun Sacheti · Building CaratLane to a 17000 Crore company and selling it to TATA with Founder Mithun Sacheti · Feb 27, 2023 · at 38:07
CaratLane founder Mithun Sacheti argues that Indian jewelry companies must build global consumer brands rather than remaining wholesale manufacturers.
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“Nine out of 10 diamonds sold in the world are made in India. But we capture only eight percent of gross margin of the world.”
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