One of the Gulf’s most renowned jewellery houses is set for a new chapter as Titan Company, part of India’s Tata Group, acquires a 67% stake in Damas Jewellery. The Dh1.038 billion ($280 million) transaction, executed through Titan’s wholly owned arm Titan Holdings International FZCO, marks a strategic move to strengthen its footprint in the GCC luxury jewellery sector. Signed on July 21, the deal positions Titan to scale rapidly across the region. Damas, founded in Dubai and known for its legacy of Arab artistry, currently operates 146 boutiques across the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman.