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...
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...
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...
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...
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...
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...
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...
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...
Retail sales of jewellery collapsed as gold retailers downed shutters across the country to comply with the lockdown norms. The shutdown came as a tipping point...
[vc_row][vc_column][vc_column_text]Rimini (Italy), 13th May 2020 – Holding and taking part in trade shows in Italy in complete safety, in total respect of the rules and healthcare...
New Delhi: Gold prices on Tuesday rose by Rs 104 to Rs 45,885 per 10 gram in futures trade as speculators created fresh positions on firm...
KOLKATA: P.C. Chandra Jewellers, one of the leading jewellery houses of eastern India, has reopened its six showrooms across Bengal and Tripura. The company has restarted...
Jewellers, who have opened their stores in green zones, are witnessing thin sales. Most people coming to their stores either want to sell their jewellery or...
India Ratings and Research (Ind-Ra) on Monday said it expects Jewellery sales to decline by 25 per cent in 2020-21 (April-March) on account of over 40 days...
To celebrate the spirit of Mother’s Day, Senco Gold & Diamonds, the largest jewellery retail chain from Eastern India, has rolled out an innovative campaign – Senco Pyari Maa for netizens...
After losing business worth over Rs 45,000 crore in a span of 45 days of lockdown, India’s jewellery industry is set to resume operations from next...
This Mother’s Day, Kalyan Jewellers celebrates the eternal bond of love that a mother shares with her children with its all new digital campaign. As part...
The Diamond Producers Association, a global alliance of the 8 largest diamond mining companies, associated with actor-author Lisa Ray this Mother’s Day to bring forth the...
The Ministry of Home Affairs (MHA) has allowed shops to open during the lockdown, which has been extended till May 18, for essential commodities and standalone...
Forevermark, the diamond brand from the De Beers Group, has always epitomised a mother’s love for her child as pure and everlasting, just like a Forevermark...
Tanishq,India’s most trusted and loved jewellery brand celebrates all Mothers and the spirit of Mother’s day. Mothers continue to be the epitome of unconditional love, care...
Gold eased back on Friday from its highest in nearly two weeks, as investors grew hopeful about economies reopening after COVID-19 lockdowns, but a continued wave...
The issue price for the next tranche of Sovereign Gold Bonds has been fixed at Rs 4,590 per gram of gold, the Reserve Bank of...
GJEPC (The Gem & Jewellery Export Promotion Council), the apex body of gems and jewellery industry in the country held a webinar on May 06, 2020...
With gold being considered the safest investment haven, Kalyan Jewellers has announced the extension of the Gold Ownership Certificate initiative. The unique facility enables customers across...
Hit hard by the spread of coronavirus, jewellery sales are expected to take several years to return to pre-pandemic levels, said experts during a webinar organised...
Nearly 350,000 Bengali gold jewellery karigars or artisans are returning from the jewellery hubs of Tamil Nadu, Kerala and Karnataka to West Bengal, raising concern over whether they...
The diamond cutting and polishing hub of Surat will lose business to rivals China, Thailand and African countries unless it quickly comes out of the lockdown and resumes...
Gold has been a store of value for thousands of years since the start of human race. It was then a medium of exchange in barter...
As soon as the 43-day lockdown was lifted, business picked up in Hassan city, with people thronging jewellery and textile showrooms and other shops, in large...
The World Federation of Diamond Bourses is excited to announce the launch of its Young Diamantaires (YDs) website www.ydts.org. The organization has worked for the past...
The diamond industry in Surat has heaved a sigh of relief with the resumption of exports, though in a small quantity. Though exports to Hong Kong, a major...
Gems and Jewellery exporters have urged the government to grant them permission to start factories in the Santacruz Electronic Export Processing Zone (SEEPZ) and to set up...
The gold market in India might see a significant shift in consumer behaviour once the nationwide lockdown is lifted. While Indian buyers have traditionally preferred...
India’s gold imports plunged 99.9 per cent year-on-year in April to their lowest in nearly three decades, news agency Reuters reported citing a government source. The...
The Committee of the Bharat Diamond Bourse (BDB) put out a statement today commending the efforts of the Hon’ble Prime Minister of India Shri Narendra Modi...
“It is a matter of great pride for the Surat Hira Bourse (SHB) to serve the diamond industry in the times of lockdown,” said CEO of...
The Customs department has seized just 900 kgs of gold between January and March period, as against more than 1,000 kgs during the year-ago period. And...
“In this crisis, there is a stage of impact to revival. Currently we are in the ”impact stage which we are working towards sustenance. By the...
India’s net Bullion imports contracted 56% year- on -year to 78.4 tonnes in the March quarter of the current year . Jewellery demand in the world’s...
Bharat Diamond Bourse committee commends the effort of our Prime Minister Shri Narendra Modi and Maharashtra Government, CM Shree Uddhav Thakrey to fight the war against...
Jewellers in Thailand were grappling for cash as people came in large numbers to sell gold, prompting PM Thailand Prayuth Chan-Ocha to tell them to “not...
India’s gold demand crashed 36% year-on-year in the March quarter, far underperforming a 1% rise globally, as the Covid-19 outbreak and sharp rise in prices deterred...
As shutters remain down and sentiments remain low, jewellers introduce innovative campaigns and fun activities to engage consumers, stay connected and add a happy chapter to...
In a move aimed at protecting the interests of diamond processing industry, the apex body of the gem and jewellery industry has put forth a proposal...
High gold prices, economic uncertainties, and a lockdown towards the end of the Jan-Mar quarter saw India’s gold demand fall by 36% on year to 101.9...
Show to support large number of buyers to get back into business by offering a much wider variety of products and increased number of exhibitors through...
Banks’ outstanding loans to the gems and jewellery sector declined 16.8% in February 2020 after growing 2.6% a year ago With the epicentre of the Covid-19...
Driven by investors’ clamour for insurance against economic turmoil and the potential devaluation of assets and currencies, some predict a bull run reminiscent of gold’s price...
On the auspicious occasion of Akshaya Tritiya, Divine Solitaires today announced the launch of an exciting offer for customers which enables them to contribute towards India’s...
Jewellers have witnessed encouraging customer response on their digital platforms this Akshay Tritiya. Customers have also made token purchases of gold to celebrate this auspicious day on...
As stocks and bonds as investment avenues do not show much hope under current market conditions, gold could be the asset to put your money in....
With Akshaya Tritiya just around the corner, jewellers are trying to lure customers through various innovative offers to keep the business tide through difficult times amid...
It is unfortunate that the impact of the current lockdown on the gold jewelry industry is extremely stressful. In fact, once the lockdown is lifted this...
Faced with an unprecedented decline in demand, the World Gold Council (WGC) is planning to start consumer marketing of gold in India. In a conference call, David Tait, chief executive officer...
April 22nd, 2020 Mumbai – This Earth Day, Forevermark has released its latest podcast episode, Levison Wood: Walking with Elephants on “The Power of the Diamond”...
India is a uniquely diverse nation where people of all kinds – rich, poor, educated, uneducated, theist, atheists…everyone lives in harmony and come crisis, this peculiarity...
Titan’s jewellery division, which accounts for about 80 per cent of the company’s total revenue, reported a dip of 5 per cent in revenue in March because...
The Madras Jewellers and Diamond Merchants Association has so far received nearly 15,000 online applications from goldsmiths across the State for cash assistance. In Chennai alone,...
Gold jewellery retail is a shimmering business in ways more than one. But a warren of risks that have built up of late – such as higher import duty,...
Top jewellers have decided that for the period of Akshaya Tritiya they will sell gold online accompanied by digital certificates of possession and give physical delivery...
MUMBAI – Gold contracts on the Multi Commodity Exchange of India hit a fresh record high of 47,138 rupees per 10 gm today as the rupee hit a...
Thanks to the coronavirus-induced global economic uncertainty and the developments surrounding it, the price of gold — the precious metal generally accepted as a safe haven asset and a hedge...
Gold imports, which have a bearing on the country’s current account deficit (CAD), fell 14.23 per cent to $ 28.2 billion during 2019-20, according to commerce...
Gold prices in India touched new highs today, crossing the ₹46,700 level per 10 gram in futures market. On MCX, June gold futures rose as much as...
With COVID-19 cases increasing with each passing day, markets across all the sectors have been affected because of this pandemic. India’s jewellery industry has also been...
To provide relief to the gems and jewellery industry, the Confederation of Indian Industry (CII) has written to the government, recommending measures, including setting up a...
NEW DELHI – The Indian diamond industry, which is already reeling under severe stress since last year, has more hardship in store as demand for luxury...
The government will issue sovereign gold bonds beginning 20 April offering an annual interest rate of 2.50 percent to domestic investors, the Reserve Bank of India said...
What falls after spring and before autumn has a special place in everyone’s life. We are talking about summer, the season that is synonymous with sunshine,...
Mysore/Mysuru: The 812-km run Unique World Record title holder Dr. Boby Chemmanur of Chemmanur Jewellers has donated one helicopter free of cost to the Government to transport COVID-19...
MUMBAI: Gold prices have hit the levels that were prevalent during demonetisation on November 8, when bars, coins and jewellery, among other goods, were purchased at...
Television Actress Sonyaa Ayodhya known for her cheerful personality and her roles in the television series Nazar and Kasautii Zindagi Kay 2 chose pieces from The...
Bengaluru: Titan said revenue of its jewellery business fell 5% in the fourth quarter, hurt by weak business in March due to closure of malls and...
MUMBAI: Diamond prices fell in March as the spreading coronavirus led to a dramatic decline in the global economy. Diamond markets are under pressure and facing...
Kolkata-based Senco Gold & Diamonds Group in its continued commitment towards supporting the nation in its fight against COVID-19, has pledged INR 1.5 Crores towards the...
70 percent of the retailers in India expects the business recovery to happen in more than six months due to the ongoing COVID-19 crisis which has hit the retail sector...
Life comes a full circle, and its journey is nothing short of fabulous! On that note, Irasva introduces an exquisite range of fine jewellery namely, Circled. A...
Treasurable, precious and personal touch are the adequate ingredients for recipe of a perfect Mother’s Day gift. For all who are considering a dozen roses, chocolates,...
At a time when most companies are exploring ways to reduce operational costs in the wake of novel coronavirus outbreak, a Kerala-based entrepreneur has announced a...
Ahmedabad-based Laxmi Goldorna’s IPO received an enthusiastic response from investors amid challenging market conditions with the issue getting subscribed by 1.15 times in NSE EMERGE platform....
Gold and silver leaped higher on Tuesday amid investor rush to safe-haven assets as the coronavirus cases rose over 4,000 in India, making riskier assets like...
As economies around the globe slip into recession, gold is taking centre stage. Somasundaram PR, managing director, India, World Gold Council, tells us how investors should...
Gold prices surged today in global markets today as concerns about the impact of coronavirus on global economy continued to stoke the safe-haven demand for the...
Kolkata: The US, Europe’s richer neighbourhoods, and much of Northeast and West Asia – the main consuming markets for India’s diamond jewellery output – are shuttered,...
The world stands crippled against the deadly Coronavirus and it won’t be wrong that it has impacted various industries across the world. And, the jewellery sector...
India’s gold imports plunged more than 73% year-on-year in March to their lowest in 6-1/2 years as record domestic prices and a lockdown to curb the spread of...
Statement by Mr. Pramod Agrawal, Chairman, GJEPC “GJEPC, the apex body of gem and jewellery trade in India has decided to contribute Rs. 21 Crore to...
Mining as well as stores closed, expos cancelled and transportation stopped. The gems and jewellery sector in India is facing a bleak future. “We lost 50...
Kolkata: Sales of old gold are likely to surge once the 21-day lockdown is over as people will likely liquidate the yellow metal, which is now...
The gems and jewellery exports are expected to witness a sharp decline in March as well as in the first quarter of the next fiscal due to disruptions...
IRASVA, the fine jewellery destination for modern women, strongly believe that Jewellery is an artistic form of self-expression. Presenting ‘Starring You’ by Irasva, exquisite jewels symbolizing...
Gold imports took a sharp hit in FY20 following a series of developments — the latest being the coronavirus pandemic — which, on the other hand, pushed the...
With the exception of the rally that we witnessed last week, gold has been fairly slow in reacting to the kind of easy money that is...
Jewellery, as an industry is grappling with zero cash flows due to COVID-19 driven lockdown in the country, says Titan Company Ltd. However, the company said...
New Delhi | Kolkata: The country’s labour-intensive export sectors such as leather, textiles, gems and jewellery, carpets and handicrafts have borne the brunt of the Covid-19 pandemic...
Gold prices gained Rs 201 to Rs 43,876 per 10 gm in Mumbai’s bullion market on the back of a weak rupee versus the dollar, but...
Gearing up for the auspicious occasion of Gudi Padwa, Kalyan Jewellers has announced the launch of the Sankalp collection – a line of Maharashtrian heritage-inspired jewellery. This pure gold...
Physical gold dealers struggled to meet surging safe-haven demand this week, especially in Singapore, as the coronavirus outbreak choked global supply chains, while massive discounts were...
This collection captures the essence of the most captivating scenic beauties, in seven vivid shades of natural sapphires. With vibrant designs inspired by the soothing blue...
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