Damas, the jewellery retailer, is considering quitting India, the world's biggest gold market, after pulling out of Pakistan.
The move would put an end to plans for 100 stores across the subcontinent and a major joint venture.
"We are looking at our business in Pakistan and India, our relationship and the way we entered the country," said Ibrahim Belselah, the chairman of Damas. "Within our new corporate governance, it's not the best route to do business because we want to be absolutely transparent."
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