Interview...
The treasure hunt...
BIREN VAIDYA, Managing Director, rose group of companies, shares with VEYOLEEN MEHROTRA details of the soon-to-be-launched Treasure Chest, his latest innovation in luxury retailing
Time is a fixed income and, as with any income, the real problem facing most of us is how to live successfully within our daily allotment.
~Margaret B. Johnstone ...


Tell us about your latest concept, the Treasure Chest.
The Treasure Chest is the outcome of my endeavour to create something that promises more than just luxury. It all began with the thought that the Indian high net-worth individual is essentially a maharaja. He is used to conducting all his shopping from the comfort of his own home. Everything from banking operations to purchasing grocery can be done from his domain. As a result, he doesn’t feel the need to venture out. When we set up the Rose Salon, we tried to create an environment that would make him want to come and experience it. We started out as a salon for jewellery and gradually became one for luxury.
While the Salon offers a luxurious experience, we wanted to go beyond that. That is when I decided to develop this new section called the Treasure Chest.

What is so different about it?
Every product in the Treasure Chest will be one of a kind in the world. In order to feature here, the product has to meet an important criteria — uniqueness. Every item must have a story or concept behind it. This means that sometimes, we may have 20 to 25 products or just four products. It all depends on what is unique at that point in time.
Even the sales team needs to earn their spot in this section. In order to do that, they need to understand the concept of luxury and lifestyle. So everyone will undergo a training and grooming programme. It is important for the salesperson to understand the concept of the Treasure Chest. Ultimately, the experience will be on par with that of a five-star hotel.

Is entry to this place restricted to ‘by invitation’ only?
The profile of the customer does influence the ambience of a place. However, entry to the Treasure Chest is by ownership rather than invitation. Each customer to the Treasure Chest will have his own private key. Of course, a sales representative will also be present.

Will the Treasure Chest showcase only jewellery or include other luxury products as well?
Anything unique will definitely feature in the Treasure Chest. This includes jewellery as well as other products. I can guarantee that everything in there will be one of a kind.

Do you plan to feature any luxury watches?
Yes, in fact every timepiece will have that element of exclusivity. Of course, exclusivity doesn’t mean expensive. In fact, the qualification of a treasure is its uniqueness.

Doesn’t a rare product automatically increase in monetary value?
Sometimes that maybe true. However, there are products that are rare yet inexpensive. For instance, citrine is rarely found naturally, yet it is affordable.

What motivated you to set up the Treasure Chest?
I realised that the concept of luxury like everything else is constantly changing. Luxury is akin to a changing skyline. In order to sell luxury, you have to keep chasing that elusive horizon. The Treasure Chest is a natural outcome of that chase. The day you stop chasing, your range of offerings become a necessity.

when did you hit upon the idea for this unique concept?
I realised the need for such a concept during my interactions with customers at the Rose Salon. They are always looking for something unique and often ask me to create something that no other person can ever have.

What can one expect when they walk into the Treasure Chest?
You can expect luxury beyond your imagination. If I had to define luxury, I’d describe it as an experience, an aspiration, a rarity, a fantasy, all offered with a touch of hospitality. In fact, the best way to describe it is the way I describe Rose — a branding of all your senses.


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