India’s gems and jewellery market contributes approximately 7 per cent to the gross domestic product (GDP). The jewellery market is projected to grow to approximately USD 90 billion by 2025.

• India is the latest overseas market for department stores from Europe and the US to consider after opening in other countries in Asia and in the Middle East.
• Early movers are encouraged by the growing footprint of Indian multi-brand retailers and under-penetration of global brands’ mono-brand store networks.
• Some analysts are sceptical about the market’s readiness to accommodate a wave of department stores but others believe there is room for more than just one chain.

What worries is that are the Luxury Stores owners and operators fully prepared to provide full-proof security for their expensive merchandises. ?

Luxury retail crime differs from mass-market retail crime mainly due to the nature and value of the products. This changes the type of crimes committed and increases the safety risks in ways that are unique to the sector.

As per a report the financial cost of retail crime more than doubled in a single year between 2022 and 2023. An increase that breaks all records and a trend that continues into 2024

Financial Cost estimated by a Security Agency in London*

The need of the hour are more sophisticated security devises and systems. The regular security practices include; High-definition IP cameras, 360-degree fish-eye cameras, Infrared night vision and Video analytics software. However, Electronic Article Surveillance (EAS) tags and detectors are increasingly being used in luxury retail stores to prevent shoplifting. Radio Frequency Identification (RFID) technology enables luxury retail businesses to track and manage inventory efficiently.

Here, ExpoAlert is a pioneer and innovator of a unique devise system that provides Store owners with the latest and advanced protection of their valuables in Stores. With EXpoAlert, preventing theft with design & innovation comes easy to display valuables with absolute confidence.

ExpoAlert solution, based on intelligent sensors and an intuitive app on your phone, immediately alerts you if someone tries to take an object without authorization. Keep control and protect your belongings with ExpoAlert. Take charge of your security now with ExpoAlert!