Indian jewellery firm eyes Aus gold market

July 28, 2015 11:25

Indian jewellery firm Rajesh Exports is eyeing Australian markets in a bid to secure supply of gold for its empire after the company bought Switzerland-headquartered gold refinery Valcambi for $400 million.

"We are very very seriously looking . . . we have a lot of interest coming from (Australia], we have made a list of interesting assets there and we will be taking that forward," said Rajesh Mehta, the company's chairman.

Mehta had earlier expressed his interest in spending up to $700 million on Australian gold assets in a bid to secure supply of gold for his jewellery empire.

He said these plans would be resumed once the Valcambi transaction was completed. Valcambi was bought for $400 million (about Rs 2,560 crore) in an all-cash deal.

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