One of the leading jewellery industrialists, Sanjay Kothari is the Vice Chairman of the centuries-old KGK Group, and has over 30 years of experience in diamond manufacturing.
Sanjay Kothari is the Vice Chairman of the KGK Group and spearheads the century-old establishment. Under his patronage, the company has taken the leap of faith from mining to manufacturing and from marketing to distribution, as well as retail in the domain of gemstones, diamonds, and jewellery.
Steering the Group for 30 years, Sanjay has not only accelerated the growth but has also built a meritocracy. His first initiative with the group involved establishing diamond manufacturing in Mumbai. Since then, he has developed many verticals, including international sales and marketing, jewellery manufacturing, gemstone mining, jewellery retailing, and real estate.
With more than three decades of experience in the jewellery industry, in the testing times of COVID-19 with the jewellery industry suffering huge losses, Sanjay shared his thoughts on the impact of the pandemic and the big shift it will create in the jewellery business.
He talked about the trade war between China and the US that had triggered the downfall of the diamond business, talking about how the protests in Hong Kong resulted in losses and affected the business.
He also talked about the demand for jewellery and said that it would increase towards the third quarter of the budget year as the operations are likely to resume in full swing.
“As China and Hong Kong make up 25 to 30 percent of the world’s consumption of diamonds, the business witnessed a major breakdown. These factors coupled with COVID-19 in the beginning of 2020 has severely impacted the smooth operations of the business”