At the same time we have also been active in transacting the precious metals to the wholesalers for refining of the product. In recent past we had concentrated on supplies of the finished articles to the retail end of the market, however, in light of the current economic conditions where disposable incomes have been depressed this segment of the market has been severely affected. Earlier this year a strategic decision was taken to diversify and expand the wholesale operations to capitalize on our strengths in procurement of raw materials.
Mr. Jitendra Ram director of the company formally studied jewelry at Sir John Case College, Algate. After receiving his formal qualifications he pursued his career with a short stunt at Johnson Matthews’s. This provided an understanding of the wholesale bullion market. Whilst it was possible to continue in this role the satisfaction of crafting a masterpiece was missing. Hence when an opportunity arose with Fred Manshaw in Hatton Gardens EC1 I decided to avail it. A year later I was headhunted to run my own team at Clifford and Tull in EC1. I continued in this role until 1976 when I formally incorporated Microring Ltd and operated from Penny Bank Chambers in St Johns Square EC1. Even though I had parted with my employers, they became my first clients and to date remain so.