Rajesh Exports bags Rs.653 cr worth export order

The Dollar Business Bureau

Rajesh Exports Ltd (REL) has received an export order worth Rs.653 crore from Singapore to supply gold and diamond studded designer jewellery by the end of September this year, the company said in a filing to BSE on Wednesday.

REL is confident of delivering the order within the stipulated time frame from its Bangalore manufacturing facility as it has the largest gold jewellery manufacturing facility in the world with a capacity to process 250 tonnes of gold ornaments a year. The facility has integrated infrastructure, skilled craftsmen and artisans.

The company excels in the art of handmade jewellery and technology. It delivers the best crafted gold jewellery to markets the world over. Their quality craftsmanship has made them global leaders in the gold jewellery manufacturing industry. As such demand for gold products from India has been rapidly increasing in the international markets, the company informed.

REL, established in 1989, is a zero debt gold company on a standalone basis. It exports gold products to several countries in the world. At present, the company is the single largest constituent of gold product manufacturing business across the globe. It also supplies wholesale gold and diamond ornaments to jewellery showrooms all over India.

Being the biggest gold processor in the world, the company processes 35% of the global gold products. It is the only company having a value chain right from mining gold ore to selling it in retail showrooms. The company has more than 80 retail showrooms under Shubh Jewellers, one of the trusted jewellery brands in South India.

After acquiring Valcambi, the biggest gold refinery, REL has also become the largest gold refiner in the world. It has a total gold refining capacity of 2400 tonnes per year. After getting an accreditation by London Bullion Market Association (LBMA), the gold bars manufactured at Valcambi are accepted across all the bullion markets, gold exchanges and banks of the world.

Currently, REL has a capacity to manufacture 400 tonnes of quality gold products a year.  The company has established the world's best gold research and development (R&D) facilities in India and Switzerland. These R&D facilities work on evolving new gold manufacturing processes and creating new designs of gold products.