Jeweler Jos Alukkas expects to invest about $178 million (Rs 550 crore) in retail expansion in south India over the next two years. The company reported sales of approximately $265 million (Rs 820 crore) for its fiscal 2010 and set a target growth rate of 25 percent for fiscal 2011, according to a report from<em> Asia in Focus</em>.

Jos Alukkas noted that its diamond sales have increased from 10 percent of its total 2009 sales to 20 percent this year. Gold sales dropped to 60 percent of its total sales from 80 percent one year ago as the price of gold maintains its recent record highs. Other gemstones accounted for 10 percent of the jeweler's fiscal 2010 sales.

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