Bluestone has received $ 30 million (Rs 2 billion) in investments to strengthen its position in the online jewelery market in India.
The funds will be used to expand the company's capacity to design and manufacture, as well as for marketing initiatives. Jewelry market in India is expected to grow from the current $ 60 billion to $ 110 billion over the next five years, while online sales are projected to increase from $ 2 billion to $ 3 billion - in line with expectations Bluestone.
Bluestone is focused on increasing revenues quadrupled to $ 149 million (Rs 10 billion) by 2018, said CEO Gaurav Singh Kushvaha (Gaurav Singh Kushwaha).
Financing Bluestone was conducted IIFL and Accel companies along with Kalaari Capital, RB Investments and IvyCap Ventures.
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Huawei Consumer Business Group recently announced merger with the company Swarovski to create versions of their premium smart watches in 2015, adorned with crystals. According to the company, the clock will be of interest primarily female audience. Smart watches "Jewel" and "Elegant" was shown at the exhibition Consumer Electronics Show (CES) in Las Vegas, held earlier this month.
"Smart Clock" Jewel "and" Elegant "by Huawei, having all the same best-in-class characteristics were inspired Swiss manufacturers hours. The round dial size of 44 mm taken glass with an abrasion resistant sapphire coating. Clocks are made of stainless steel cold forging plated with rose gold, so that emphasizes the power of both models and their strength, "- said in a press statement, Huawei.
Standard models Huawei Watch is available in more than 20 countries and regions, including Austria, Australia, Belgium, Canada, Costa Rica, Czech Republic, Denmark, France, Finland, Germany, Hong Kong, Italy, Japan, Mexico, Netherlands, New Zealand , Norway, Russia, Sweden, Singapore, Spain, Switzerland, Taiwan, United Arab Emirates, UK and USA. New versions will be sold in these markets at the beginning of March 2016.
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