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Masked burglars heighten risk of theft at Jewellery stores

Masked burglars heighten risk of theft at Jewellery stores 0

🕔19:33, 18.May 2020

Jewellery shops have only one-third the staff and only masked men are allowed in. That heightens the risk of daylight robbery, and jewellers are jittery. Leading jewellers including Tanishq, Kalyan Jewellers, Joyalukkas and Senco Gold & Diamonds have opened their showroom with one-third the normal staff, but

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Survival of the Safest

Survival of the Safest 0

🕔18:31, 18.May 2020

Neither great designs nor attractive offers, in the post-COVID world, customers will pick what is safe for them and pre-empting this, the jeweller community has introduced various precautionary measures at their stores. Nothing that worked until now will work anymore.

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India’s Affluent Diamond Industry Loses Its Sheen to Pandemic

India’s Affluent Diamond Industry Loses Its Sheen to Pandemic 0

🕔19:13, 16.May 2020

New Delhi (Sputnik): The economic repercussions of the lockdown have jeopardised the prospects of the booming luxury goods market, including the diamond industry, in India. Faced with the challenge of falling demand and an exodus of labour, diamond units in

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Growing risk of liquidation of gold in India: Chris Wood

Growing risk of liquidation of gold in India: Chris Wood 0

🕔18:43, 16.May 2020

Mumbai: Christopher Wood, global head of equity strategy at Jefferies, believes that there is a growing risk of liquidation of gold in India caused by the collapse in economic growth because of the lockdown. “…in India there is probably a

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Asia gold: Demand still lacklustre as top hubs gradually open shop

Asia gold: Demand still lacklustre as top hubs gradually open shop 0

🕔18:16, 16.May 2020

 Physical gold demand was tepid in most Asian centres this week with retail buying yet to see any significant recovery even as top hubs India and China eased some coronavirus-driven restrictions. Dealers in China sold gold at discounts of $28-$40

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First 10 Appointments Made to the Board of Directors of Get Diamonds

First 10 Appointments Made to the Board of Directors of Get Diamonds 0 Updated

🕔21:54, 15.May 2020

The World Federation of the Diamond Bourses (WFDB) has announced that the Ownership Committee of Get Diamonds has decided that the Board of Directors of the Get Diamond Subsidiary, to be formed shortly, will comprise of 12 members: five representatives

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Coronavirus tames India’s affection for gold

Coronavirus tames India’s affection for gold 0

🕔15:03, 15.May 2020

Indians spend billions buying the precious metal as a status symbol, dowry for daughters, investment and a gift to temples. If there’s one thing that Indians love more than cricket, it has to be gold. The South Asian nation is

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74% Indian consumers to prefer digital payments in 6-9 months: Report

74% Indian consumers to prefer digital payments in 6-9 months: Report 0

🕔19:13, 14.May 2020

Around 74 per cent of consumers in India will prefer carrying out payments through the digital medium in the next six to nine months, according to a report by Capgemini Research Institute. The change comes in view of the coronavirus pandemic. As per

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India: Diamond Leaders Call for Government to Reopen Operations

India: Diamond Leaders Call for Government to Reopen Operations 0

🕔18:10, 14.May 2020

Industry insiders in India are that customers will look elsewhere for cutting and polishing. Diamond factory heads in India are urging their government to gradually reopen cutting and polishing operations in the country, following an extension of the nation-wide lockdown to May

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COVID-19 | Remonetise gold to tide over the economic crisis

COVID-19 | Remonetise gold to tide over the economic crisis 0 Updated

🕔17:31, 14.May 2020

The value of gold in India is estimated to be 40 percent of the nominal GDP. Monetising 10 percent of this will ensure a liquidity of Rs 13 lakh-crore, which can be used to overcome the crisis As the COVID-19

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