2. Jewellery
These rich Indian elites have a special love of jewellery, and they spend heavily on these precious stones to possess it. They love to buy three carat solitaires, diamonds, platinum and Jadau Kundans. The most popular brands which our billionaires like are Tanishq, Carbon, Oyzterbay and Gili. As per the CRISIL report, the potential market size of the luxury jewelleries owned by Indian billionaires is estimated to be Rs.229 billion. Mukesh Ambani went and proposed his would be wife (then), Nita on the road and immediately bought her a diamond ring which she says, (it is the) “most priceless piece of jewellery I own.”
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