Company:KGK Group

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KGK Group
IndustryPrivate
Founded1905
Key people
  • Navrattan Kothari (Chairman)
  • Sanjay Kothari (Vice Chairman)
  • Sandeep Kothari (Managing Director)
Websitehttps://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 the founders, Keshrimal Ji Kothari and Ghisilal Ji Kothari.

History

The KGK Group originated in 1905 when Keshrimalji Kothari began task of trading gemstones between Indian and Burma. Ghisilalji Kothari, his son, continued leadership. then going to third-generation Navrattan Kothari and his sons, Sanjay and Sandeep Kothari.[1][2]

  • 1915: KGK started trading coloured gemstones in Chennai[3]
  • 1962: Operations established in Hong Kong
  • 1972: Launched coloured stones operations in USA[4]
  • 1975: Diamonds sourcing operations launched in Mumbai[5]
  • 1986: Diamonds processing operations established in Mumbai[6]
  • 1997: KGK awarded Sightholder status by De Beers[7]
  • 1999: Jewellery manufacturing unit established in Panyu, China[8]
  • 2004: Fine jewellery flagship brand Entice launched in Hong Kong SAR[9]
  • 2010: KGK real estate division launched in India[10]
  • 2014: KGK opened diamond manufacturing unit in Botswana, Africa[11]
  • 2014: KGK goes into a strategic alliance for mining gemstones in Brazil and Mozambique for Paraiba, Emeralds and Rubellite.[12]
  • 2014: KGK Diamonds signed long-term contracts with Russian miner ALROSA[13]
  • 2015: KGK Diamonds Botswana becomes a De Beers Sightholder[14]
  • 2015: Jewellery manufacturing unit established in Bangkok, Thailand[15]
  • 2015: KGK Ausdiam formed by the acquisition of Australian jewellery distributor[16]
  • 2017: Diamond cutting & polishing factory established in Vladivostok, Russia[17]
  • 2018: Diamond manufacturing facility launched in Namibia[18]
  • 2019: Diamond manufacturing facility opened in Angola[19]

Association

In 1997, KGK was awarded Sightholder[20] status by De Beers and became an authorized bulk purchaser of rough diamonds[21]. The group also is among the global companies who are preferred Alrosa Alliance[22] Members and Rio Tinto Select Diamantaires.

Corporate social responsibility

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.[23]. In addition, the KGK Group is a key supporter of the non-profit SS Jain Subodh Shiksha Samiti.[citation needed]

Awards

  • The KGK Group is the winner and honoured partner of JNA awards for 4 years in a row (2016[24], 2017[25], 2018[26], 2019[27]). 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[28]

Affiliation

  • KGK Diamonds (I) Private Limited[29]
  • KGK Creations Private Limited[30]
  • KGK DiaJewels Private Limited
  • KGK Realty (India) Private Limited
  • KGK ENTICE (INDIA) PRIVATE LIMITED
  • KGK INFRASTRUCTURE (INDIA) PRIVATE LIMITED
  • KGK INFRASTRUCTURE PRIVATE LIMITED

References

  1. "Aura of Success". http://www.marwar.com/aura-of-success/. 
  2. "Matters of the heart | Forbes India | Page 6" (in en). https://www.forbesindia.com/aperture/slideshow/matters-of-the-heart/51747/6. 
  3. Sabharwal, Punita (2020-03-13). "How This Gems and Jewellery Company Has Retained its Lustre Over Centuries" (in en). https://www.entrepreneur.com/article/347572. 
  4. "guangzhou diamond exchange". http://en.cngzde.com/news/infoexpress/in/317.html. 
  5. "guangzhou diamond exchange". http://en.cngzde.com/news/infoexpress/in/317.html. 
  6. "guangzhou diamond exchange". http://en.cngzde.com/news/infoexpress/in/317.html. 
  7. "Sightholders" (in en). https://www.debeersgroup.com/sightholders. 
  8. "KGK forges historic path in China's jewellery sector" (in en). https://www.jewellerynet.com/tk/jnanews/features/23813. 
  9. "KGK Jewellery (HK) Ltd. | Baselworld Brands". https://www.baselworld.com/en/brands/133317/kgk-jewellery-hk-ltd/. 
  10. "KGK Real Estate Private Limited Information - KGK Real Estate Private Limited Company Profile, KGK Real Estate Private Limited News on The Economic Times". https://economictimes.indiatimes.com/company/kgk-infrastructure-(india)-private-limited/U45201RJ2010PTC033561. 
  11. "KGK opens diamond polishing and cutting factory in Botswana" (in en). https://www.jewellerynet.com/en/jnanews/news/6054. 
  12. Sabharwal, Punita (2020-03-13). "How This Gems and Jewellery Company Has Retained its Lustre Over Centuries" (in en). https://www.entrepreneur.com/article/347572. 
  13. "KGK signs long-term contract with Alrosa" (in en). https://www.jewellerynet.com/en/jnanews/news/7951. 
  14. "KGK Diamonds (India) Opens New Cutting Factory In Botswana" (in en). 2015-09-02. https://www.thediamondloupe.com/articles/2015-09-02/kgk-diamonds-india-opens-new-cutting-factory-botswana. 
  15. "KGK Group expands in Thailand with a 2nd manufacturing unit in Bangkok". https://www.diamondworld.net/Content/KGK-Group-expands-in-Thailand-with-a-2nd-manufacturing-unit-in-Bangkok/25106. 
  16. "Gemstone and jewellery group steps up strategic acquisitions, organic expansion" (in en). https://www.jewellerynet.com/tk/jnanews/features/5323. 
  17. "KGK Group sets up facility in Vladivostok, Russia". https://www.outlookindia.com/newsscroll/kgk-group-sets-up-facility-in-vladivostok-russia/1144536. 
  18. "KGK Group’s Diamond Cutting & Polishing Plant in Namibia Inaugurated by Minister of Mines & Energy" (in en). https://gjepc.org/news_detail.php?news=kgk-group-s-diamond-cutting-polishing-plant-in-namibia-inaugurated-by-minister-of-mines-energy. 
  19. Ghosal, Sutanuka. "Diamond mines-to-brand firm KGK opens factory in Angola". The Economic Times. https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/diamond-mines-to-brand-firm-kgk-opens-factory-in-angola/articleshow/72069552.cms?from=mdr. 
  20. "KGK Diamonds (I) Private Ltd" (in en). https://gss.debeersgroup.com/customer-directory/kgk-diamonds-i-private-limited. 
  21. "Sightholders" (in en). https://www.debeersgroup.com/sightholders. 
  22. "ALROSA and KGK Diamonds signed agreement to create cutting and polishing facility in the Eurasian Diamond Centre | Alrosa". http://eng.alrosa.ru/alrosa-and-kgk-diamonds-signed-agreement-to-create-cutting-and-polishing-facility-in-the-eurasian-diamond-centre/. 
  23. ESMO. "Bhagwan Mahaveer Cancer Hospital & Research Centre" (in en-GB). https://www.esmo.org/for-patients/esmo-designated-centres-of-integrated-oncology-palliative-care/esmo-accredited-designated-centres/bhagwan-mahaveer-cancer-hospital-research-centre. 
  24. "JNA Awards|International Jewellery Awards > Partners > 2016". https://www.jnaawards.com/en-us/Partners/2016. 
  25. "JNA Awards|International Jewellery Awards > Partners > 2017 > KGK Group". https://www.jnaawards.com/en-us/Partners/2017/KGK_2017. 
  26. "JNA Awards|International Jewellery Awards > Partners > 2018". https://www.jnaawards.com/en-us/Partners/2018/KGK_2018. 
  27. "JNA Awards|International Jewellery Awards > Partners > 2019". https://www.jnaawards.com/en-us/Partners/2019. 
  28. India, The Hans (2018-09-19). "KGK Group recognised as the Outstanding Enterprise of the Year-India at JNA Awards 2018" (in en). https://www.thehansindia.com/posts/index/Business/2018-09-19/KGK-Group-recognised-as-the-Outstanding-Enterprise-of-the-Year-India-at-JNA-Awards-2018/412813. 
  29. "KGK Diamonds India - Next 500 Ranking 2018 - Fortune India" (in en). https://www.fortuneindia.com/next-500/company/kgk-diamonds-india?year=2018. 
  30. https://economictimes.indiatimes.com/company/kgk-creations-mfg-private-limited/U36910MH1990PTC055961.+"KGK CREATIONS (INDIA) PRIVATE LIMITED - Company Profile, Directors, Revenue & More". https://economictimes.indiatimes.com/company/kgk-creations-mfg-private-limited/U36910MH1990PTC055961. 

External links

www.kgkgroup.com