KGK Group
edit | |
| Founded | 1905 |
|---|---|
Key people | |
| Website | https://www.kgkgroup.com/ |
The KGK Group is a multinational conglomerate covering the entire spectrum of mining, sourcing, manufacturing, and distributing coloured gemstones, diamonds, and jewellery. The company is named after Keshrimal Ji Kothari & Ghisilal Ji Kothari, founders of KGK Group. In 2010 KGK diversified into real estate starting from Jaipur, India.
History
editThe KGK Group originated in 1905 when Shri Keshrimalji Kothari began task of trading gemstones between Indian and Burma. Inspired by his father’s vision, Shri Ghisilalji Kothari helped establish the tradition for innovation and diversity, and led the group’s initial growth and expansion.
The company prospered exponentially and grew into a leading multinational corporation under its third-generation leadership of Navrattan Kothari. Navrattan’s son, Sanjay Kothari[1] joined the group in 1986, followed by Sanjay’s brother Sandeep Kothari, who joined KGK in 1990.
Association
editIn 1997, KGK was awarded Sightholder status by De Beers and became an authorized bulk purchaser of rough diamonds[2]. The group also is among the global companies who are preferred Alrosa Alliance[3] Members and Rio Tinto Select Diamantaires.
Corporate Social Responsibility
editCommitted to giving back to the people and communities that make its endeavours possible, the group supports various philanthropic initiatives.The Bhagwan Mahaveer Cancer Hospital and Research Centre (BMCHRC) in Jaipur, is funded by the activities of the KGK Group. It is the only super specialty cancer treatment hospital in Northern India. In addition, the KGK Group is a key supporter of the non-profit SS Jain Subodh Shiksha Samiti and played key role in the restoration of the magnificent Jal Mahal (the Water Palace)[4], a Mughal-era royal palace in Jaipur.
Awards
edit- The KGK Group is the winner and honoured partner of JNA awards for 4 years in a row (2016, 2017, 2018, 2019). The JNA Award is organized by Informa Markets, Hong Kong
- In 2020, KGK Group won two meritorious title, Industry Innovation of the year- Technology and Outstanding Enterprise of the year- EMEA at the prestigious JNA Award
Timeline
edit- 1915: KGK started trading coloured gemstones in Chennai
- 1962: Operations established in Hong Kong
- 1972: Launched coloured stones operations in USA
- 1975: Diamonds sourcing operations launched in Mumbai
- 1986: Diamonds processing operations established in Mumbai
- 1996: Jewellery manufacturing operations open in SEEPZ, Mumbai
- 1997: KGK awarded Sightholder status by De Beers[5]
- 1999: Jewellery manufacturing unit established in Panyu, China[6]
- 2002: Jewellery operations launched in India
- 2004: Fine jewellery flagship brand Entice launched in Hong Kong SAR
- 2010: KGK real estate division launched in India
- 2014: KGK opened diamond manufacturing unit in Botswana, Africa[7]
- 2014: KGK goes into a strategic alliance for mining gemstones in Brazil and Mozambique for Paraiba, Emeralds and Rubellite.[8]
- 2014: KGK Diamonds signed long-term contracts with Russian miner ALROSA
- 2015: KGK Diamonds Botswana becomes a De Beers Sightholder
- 2015: Jewellery manufacturing unit established in Bangkok, Thailand[9]
- 2015: KGK acquires French jewellery brand KIROS
- 2015: KGK Ausdiam formed by the acquisition of Australian jewellery distributor[10]
- 2017: Diamond cutting & polishing factory established in Vladivostok, Russia[11]
- 2018: Diamond manufacturing facility launched in Namibia[12]
- 2019: Diamond manufacturing facility opened in Angola[13]
References
edit- ^ "Matters of the heart | Forbes India | Page 6". Forbes India. Retrieved 2021-07-14.
- ^ "Sightholders". www.debeersgroup.com. Retrieved 2021-07-13.
- ^ "ALROSA and KGK Diamonds signed agreement to create cutting and polishing facility in the Eurasian Diamond Centre | Alrosa". eng.alrosa.ru. Retrieved 2021-07-13.
- ^ Sep 15, TNN / Updated:; 2011; Ist, 04:44. "Jal Mahal: A project mired in controversies | Jaipur News - Times of India". The Times of India. Retrieved 2021-07-12.
{{cite web}}:|last2=has numeric name (help)CS1 maint: extra punctuation (link) CS1 maint: numeric names: authors list (link) - ^ "Sightholders". www.debeersgroup.com. Retrieved 2021-07-12.
- ^ "KGK forges historic path in China's jewellery sector". JEWELLERYNET. Retrieved 2021-07-12.
- ^ "KGK opens diamond polishing and cutting factory in Botswana". JEWELLERYNET. Retrieved 2021-07-15.
- ^ Sabharwal, Punita (2020-03-13). "How This Gems and Jewellery Company Has Retained its Lustre Over Centuries". Entrepreneur. Retrieved 2021-07-12.
- ^ "KGK Group expands in Thailand with a 2nd manufacturing unit in Bangkok". DiamondWorld.net. Retrieved 2021-07-15.
- ^ "Gemstone and jewellery group steps up strategic acquisitions, organic expansion". JEWELLERYNET. Retrieved 2021-07-15.
- ^ "KGK Group sets up facility in Vladivostok, Russia". https://www.outlookindia.com/. Retrieved 2021-07-15.
{{cite web}}: External link in|website= - ^ "KGK Group’s Diamond Cutting & Polishing Plant in Namibia Inaugurated by Minister of Mines & Energy". gjepc.org. Retrieved 2021-07-15.
- ^ Ghosal, Sutanuka. "Diamond mines-to-brand firm KGK opens factory in Angola". The Economic Times. Retrieved 2021-07-15.