Bengaluru-based exporters of gold and
diamond jewellery, Rajesh Exports Ltd has procured a prestigious order for its
products for a value of Rs 878 crore, says a release on 19th Dec.
The order has been secured beating global competition from a well established
and prestigious global white label importer from UAE. The said order is to be
completed by April 2018. Company will be executing the order from its facility,
which is the world’s largest gold manufacturing facility. This facility has a
processing capacity of 250 tons of jewelry and gold products per annum. Company
is confident of executing this order well within the time frame on the back of
its expertise, skilled craftsmen, artisans & its exceptionally strong
backward integrated infrastructure.
Mr Rajesh Mehta, Chairman, Rajesh Exports
Ltd (REL), said, “I am delighted to announce one more prestigious order secured
by the company. The company has been developing new products and delivering the
products on time with the highest quality standards, due to which, the company
has been receiving these orders from various global counterparts. We will
continue to deliver world class products and I am confident that we will
continue to receive more orders of our products.
REL is a zero debt company on standalone
basis with an annual sales of $37 billion on a consolidated basis in FY17. The
company emerged as the single largest constituent of gold business in the
world. The company processes 35% of gold produced in the world. Rajesh is the
only company with a presence across the value chain of gold from mining till
its own retail brand. The company is the largest refiner of gold in the
world. With the recent acquisition of Valcambi, the world’s largest gold
refinery at Switzerland, Rajesh Exports has built up a total capacity to refine
2,400 tons of precious metals per annum. Valcambi is a LBMA accredited
refinery, the gold bars produced at Valcambi are good delivery bars, accepted
across all the precious metal exchanges of the world and by all the Bullion
The company is touted to be the largest
manufacturer gold products in the world. Across its various manufacturing
facilities to produce 400 tons of world class gold products per annum including
the finest plain and studded jewellery, medallions and coins. More to its
credit, the company has set up the world’s finest R&D facilities in
Switzerland and in India for developing new designs and for evolving innovative
manufacturing process for manufacture of world class gold products. The
company exports its products to various countries around the world and also
supplies its products in wholesale market and jewellery showrooms across India.
It has set up 81 retail jewellery showrooms under brand name of SHUBH Jewelers.