Utssav CZ Gold Jewels expands global footprint

Utssav CZ Gold Jewels Limited, one of the leading manufacturers of 18K, 20K, and 22K CZ gold, plain gold, and gold & diamond jewellery, has received approval from its Board of Directors for the incorporation of a wholly-owned subsidiary in the United Arab Emirates, with full ownership and control. The initial capital will be infused through cash consideration to expand its core jewellery business internationally.

The proposed incorporation of the subsidiary in Dubai will provide the Company with a strategic presence in a globally recognised gold and diamond trading hub. This move will enable the Company to directly showcase its jewellery collections to international customers and strengthen its participation in overseas markets through a structured on-ground presence. This strategic expansion is expected to support geographic revenue diversification, strengthen global brand positioning, and enhance access to international trade networks. The subsidiary will facilitate stronger distribution linkages, improved export coordination, and sustained international market penetration, thereby contributing to scalable growth and long-term value creation for the Company.

Commenting on the development, Mr Pankajkumar Jagawat, Managing Director of Utssav CZ Gold Jewels Limited, said, “We are pleased to announce that the Company has received approval from its Board of Directors for the incorporation of our wholly-owned subsidiary in the United Arab Emirates, marking a significant step in our global expansion journey. The proposed establishment of our presence in Dubai, a key international gold and diamond trading hub, aligns with our long-term vision of strengthening our international footprint and expanding our access to global markets.”