Since childhood, I have observed my father engage in the intricate process of diamond crafting & jewellery making, a captivating experience for a five-year-old child. Naturally, upon completing my education, I embarked upon a professional journey within my family's enterprise, Oriana Jewels.Key Insights Acquired at Oriana Jewels (Family Business):1. Emphasis on Manufacturing: Central to the jewellery industry is the art of manufacturing. This is the most important aspect of the jewellery trade; if you manage to understand this well - add another 15% to your bottom line. EASILY !2. Wholesale Operations: Engaging in wholesale endeavors presents its own set of challenges, particularly when interfacing with numerous independent jewellery retailers in a vast market such as India. The dual challenge of consistently innovating designs and ensuring timely payments underscores the complexity of this sector.3. Business Dynamics and Ego: The successful conduct of business demands a willingness to relinquish personal pride and ego. Adapting to this reality is imperative for sustained success.4. Lessons from E-commerce Ventures: Our previous foray into e-commerce with Orionz Jewels in 2011 underscored the importance of timing in business endeavours. Despite diligent efforts, the venture faced challenges due to the nascent stage of online consumer behaviour in India. I’m talking about an era when even Amazon had not ventured into India. This experience highlighted the necessity of aligning business initiatives with prevailing market trends.Presently, as a second-time entrepreneur within the jewellery e-commerce domain, I am meticulously constructing ORIONZ from the ground up. It has been a dream to run a successful e-commerce business. Recognizing the significance of timing, I am committed to realizing this venture with diligence and determination.
Listed skills include Diamonds, Marketing, Jewelry, Luxury Goods, and 4 others.
