National News
Titan Co in talks to pick up a 72% stake in Damas; valued at an estimated Rs 2,500 crore
Titan Company Ltd., the Tata Group’s flagship consumer business, is in advanced negotiations to acquire a 72% stake in Damas International, one of the Gulf region’s leading jewelry retailers, in a deal valued at approximately ₹2,500 crore (about $300 million), according to people familiar with the matter.
The proposed acquisition would see Titan, best known for its Tanishq and CaratLane jewelry brands, expand its international footprint significantly. Damas International, currently wholly owned by Dubai-based Mannai Corporation, operates a network of 251 stores across the Gulf Cooperation Council (GCC) region, offering both in-house jewelry collections and a range of international luxury brands such as Graff, Fope, Roberto Coin, and Mikimoto.
If completed, the acquisition would mark one of Titan’s largest overseas investments and further cement the Tata Group’s ambitions in the global luxury and lifestyle sector. The deal is also expected to trigger a restructuring of Damas’s operations, with deliberations underway on whether to rebrand stores as “Damas by Titan”.
The remaining 28% stake in Damas will continue to be held by Mannai Corp, the people said. Both companies have reached a preliminary agreement, and Titan has begun due diligence on Damas’s operations and financials. The transaction is expected to close in the second quarter of fiscal year 2026, subject to regulatory approvals and final negotiations.
According to sources, the final price was settled after Damas initially sought ₹3,000 crore for the majority stake. The deal structure is expected to mirror Titan’s earlier acquisition of CaratLane, where it initially acquired a majority stake before taking full ownership in subsequent years.
Damas International’s extensive retail presence and established brand in the GCC are seen as a strategic fit for Titan, which has been actively expanding its Tanishq brand in the Gulf, including a flagship boutique opened in Dubai Gold Souk in December 2024. Titan’s jewelry portfolio also includes Zoya and Mia by Tanishq, alongside its flagship Tanishq and CaratLane brands.
The GCC jewelry market was valued at $14.1 billion in 2024 and is projected to surpass $24 billion by 2033, according to industry estimates, making the region an attractive growth market for Indian jewelry majors.
Onam is a celebration of abundance, tradition and togetherness, where vibrant floral carpets, elegant pookalams, kasavu sarees and festive gatherings come together to mark Kerala’s cherished harvest festival. Flowers lie at the heart of every Onam celebration, symbolising prosperity, joy and new beginnings. Inspired by this timeless connection with nature, Candere by Kalyan presents a thoughtfully curated collection of floral-inspired jewellery that beautifully blends delicate craftsmanship with contemporary elegance.
Whether you’re dressing up for the Onam sadya, joining festive celebrations with loved ones or looking for a thoughtful gift, these floral-inspired designs offer a beautiful way to express the joy of the occasion.
This Onam, let your jewellery do more than complete your festive look, let it say something special. From blooming motifs and sparkling diamonds to colourful gemstones, each piece offers a meaningful way to Say It With A Candere, whether it’s a gesture of love, gratitude or togetherness.
Here’s a curated edit of floral-inspired jewellery that you can wear to celebrate the season or choose as a thoughtful Onam gift for someone special.
Floral Touch Diamond & Fancy Gemstone Cuff Bracelet
Inspired by the beauty of blooming flowers, the Floral Touch Diamond & Fancy Gemstone Cuff Bracelet brings together delicate craftsmanship and contemporary elegance. Crafted in gold, the open-cuff design features a floral-inspired motif accented with sparkling diamonds and vibrant coloured gemstones, adding a subtle burst of colour to the piece. Its sleek silhouette strikes a graceful balance between statement appeal and understated sophistication, making it a versatile addition to festive wardrobes.
Pair it with a classic kasavu saree or an ivory embroidered kurta set and let the bracelet take centre stage for an elegant festive look.
Fragrant Flower Diamond Dangle Earrings
The Fragrant Flower Diamond Dangle Earrings beautifully capture the charm of blossoms in full bloom. Designed with intricate floral detailing, these earrings feature vibrant gemstones forming delicate petals, accented with shimmering diamonds for an elegant touch of sparkle. The graceful dangle silhouette adds movement and sophistication, making them a striking addition to your festive wardrobe.
Pair them with fresh jasmine flowers, soft curls and a silk saree or an Anarkali to create a timeless Onam ensemble.
Mine Blue Diamond & Gemstone Stud Earrings
A refreshing take on floral-inspired jewellery, the Mine Blue Diamond & Gemstone Stud Earrings combine brilliant diamonds with vibrant blue gemstones arranged in a delicate floral-inspired pattern. The striking contrast between the cool blue tones and sparkling diamonds adds depth and character, making these studs a versatile choice for both festive occasions and everyday elegance.
Style them with pastel ethnic sets, handwoven sarees or contemporary Indo-western outfits for a sophisticated pop of colour.
Fragrant Flower Diamond Lariat Necklace
Elegant and contemporary, the Fragrant Flower Diamond Lariat Necklace features a delicate floral motif that gracefully flows into a sleek lariat silhouette. Vibrant gemstones and sparkling diamonds accentuate the floral design, while the elongated drop beautifully frames the neckline, making it a standout piece for festive celebrations. Its refined design transitions effortlessly from traditional attire to modern festive dressing.
Pair it with a deep-neck blouse, silk saree or elegant festive dress to create a polished and graceful look.
Little Floweret Diamond & Fancy Gemstone Ring
The Little Floweret Diamond & Fancy Gemstone Ring brings the delicate beauty of a blooming flower to a contemporary jewellery silhouette. Featuring a petite floral motif accented with sparkling diamonds and colourful fancy gemstones, the design adds a subtle touch of colour while retaining an elegant, feminine appeal. Its dainty profile makes it an easy choice for everyday styling, while the floral detailing makes it equally fitting for festive occasions.
Style it with a silk saree, pastel kurta set or stack it with slim bands for a playful yet polished festive look.
Periwinkle Flower Diamond Chain Bracelet
The Periwinkle Flower Diamond Chain Bracelet combines the delicacy of a fine chain with the charm of floral-inspired diamond detailing. Designed around a graceful flower motif, the bracelet brings together subtle sparkle and an understated silhouette, making it a versatile addition to a jewellery wardrobe. Its lightweight, refined design allows the floral element to stand out without feeling overly ornate.
Wear it on its own with a saree or festive kurta for a delicate statement, or layer it with slim bracelets and bangles for a more contemporary look.
Dahlias Diamond & Gemstone Pendant Necklace
The Dahlias Diamond & Gemstone Pendant Necklace draws inspiration from the beauty of blooming dahlias, featuring a striking floral-inspired pendant accented with diamonds and colourful gemstones. Set in yellow gold, the 2.3 cm floral motif creates a distinctive focal point, while the delicate 17.25-inch chain keeps the overall look elegant and wearable. The combination of vibrant gemstones and diamond detailing gives the piece a refined yet festive appeal.
Style it with a silk saree, embroidered kurta set or a festive dress to let the floral pendant take centre stage. For a more contemporary look, pair it with a simple neckline and minimal earrings.
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