Five prominent jewellery firms, including Malabar Gold & Diamonds and Titan, alongside fashion accessory manufacturer Titan, have achieved a prestigious milestone by securing positions in the global top-100 luxury brands. Malabar Gold emerged as the leading Indian international jewellery brand, claiming the 19th spot, followed closely by Titan Company at 24th place. Kalyan Jewellers and Joy Alukkas also made their mark at 46th and 47th positions, respectively, according to the 2023 Deloitte global luxury goods list. Additionally, Senco Gold & Diamonds and Thangamayil Jewellery secured the 78th and 98th positions. LVMH, the diversified French luxury giant, topped the list.

Malabar Gold's debut on the list is notable, boasting a revenue exceeding USD 4 billion in 2023, while Titan reported a turnover of USD 3.67 billion. This recognition underscores the changing dynamics of the luxury goods market in India. As the domestic economy expands and consumer preferences evolve, these Indian luxury brands are gaining global recognition, as stated in the Deloitte report released recently.

The report predicts a further surge in the demand for luxury goods, presenting significant opportunities for domestic brands to establish themselves on the international stage. This development reflects the growing stature of Indian luxury brands in the global market.