Appointment
De Beers Names Mallikarjuna Reddy Yarabolu as MD of Forevermark India
Appointment signals accelerated retail expansion as India emerges as a key growth market for natural diamond jewellery
De Beers Group has appointed Mallikarjuna Reddy Yarabolu as Managing Director of Forevermark India, effective January 2026, reinforcing its strategy to expand the brand’s footprint in one of the world’s fastest-growing natural diamond jewellery markets.
Mallikarjuna brings over 20 years of leadership experience spanning fashion, luxury, FMCG and organised retail. He most recently served as Chief Revenue Officer at Arvind Fashions Limited, where he drove sales and revenue strategies for leading brands such as U.S. Polo Assn., Arrow and Flying Machine. Announcing his departure on LinkedIn, he credited the leadership team for the opportunity to help stabilise and transform the business.
Earlier, he spent six years at Nestlé India, heading food service and retail formats including Maggi Hotspots, KitKat Break Zones, Milk Booths and Nescafé kiosks, managing a nationwide network of over 750 outlets. His career also includes senior roles at Aditya Birla Fashion and Retail Ltd. (Peter England), Walmart India and Godrej Agrovet.
The appointment comes as De Beers scales Forevermark’s presence in India, now the world’s second-largest market for natural diamond jewellery. Having transitioned from a loose diamond offering to a branded jewellery retail model, Forevermark plans to expand to 100 outlets by 2030.
With rising consumer incomes, increasing premiumisation and rapid growth of organised retail, India is expected to play a pivotal role in the future of natural diamonds. Yarabolu’s expertise in channel expansion and retail-led growth is set to support Forevermark’s next phase of growth in the country.
Appointment
KISNA Appoints Nitin Naik as Chief Technology Officer to Drive Digital Innovation and Omnichannel Scale
Strengthening leadership to power retail expansion, digital commerce integration, and seamless online-offline growth across India
KISNA Diamond and Gold Jewellery, the flagship brand of the Hari Krishna Group, has announced the appointment of Nitin Naik as Chief Technology Officer (CTO). The appointment strengthens the brand’s leadership team as it accelerates retail expansion and omnichannel growth across India.
In his role, he will lead KISNA’s technology function across digital commerce, retail systems, supply chain integration and data infrastructure. He will work closely with business and operations teams to build scalable platforms, enhance customer experience and enable seamless online-offline operations.
He brings over 25 years of experience in enterprise technology, global delivery and cybersecurity. He has spent most of his career at Tata Consultancy Services (TCS), leading large transformation programs in multiple domains across global markets. Most recently, as Delivery Head – Cybersecurity, he led end-to-end cybersecurity service delivery for growth markets and global public sector and education clients, overseeing governance, financial performance and strategic client engagement.
Parag Shah, CEO, KISNA Diamond and Gold Jewellery, said, “KISNA is scaling rapidly across markets, formats and consumer segments. Technology will be central to sustaining this growth. From retail integration to omnichannel execution, we are building platforms that enable speed and consistency at scale. Nitin’s appointment strengthens our ability to drive this transformation with sharper focus.”
Nitin Naik, Chief Technology Officer, KISNA Diamond and Gold Jewellery, added, “The opportunity to build technology capabilities for a fast-scaling retail brand like KISNA is compelling. I look forward to enabling integrated platforms that support retail growth, partner ecosystems and seamless consumer journeys.”
The appointment comes amid strong growth momentum at KISNA. Over the past year, the brand has strengthened its leadership team with key appointments across finance and marketing, expanded its offline retail footprint across franchise and exclusive showroom formats, and scaled its Mumbai corporate office to support rising operational and network expansion.
-
National News11 hours agoGJEPC addresses issue of Termination of IEEPA-Based Reciprocal Tariffs
-
National News12 hours agoWGC India gold market update: Price strength fuels demand Looking ahead
-
International News14 hours agoIGI approves an investment of up to $150,000 in Saudi Arabia
-
International News11 hours agoUS Supreme Court ruling reshapes trade landscape for Indian GJ exports
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.