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Tag "consumer demand"

Diamond hub Surat likely to buzz with activity after Diwali as migrant workers set to return

Diamond hub Surat likely to buzz with activity after Diwali as migrant workers set to return 0 Updated

🕔18:48, 5.Nov 2020

“Demand has revived and the trade is getting good orders from the US, China, Gulf countries and some parts of Europe. There is good demand in India too,” said Colin Shah, chairman, Gem & Jewellery Export Promotion Council (GJEPC). “The

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Gold demand rebounds in India but this time it’s not jewellery; yellow metal attracts investors

Gold demand rebounds in India but this time it’s not jewellery; yellow metal attracts investors 0 Updated

🕔16:55, 5.Nov 2020

India’s gold consumer demand has seen a strong rebound in the July-September quarter, however, investment has a bigger role to play than jewellery in the increased demand. Overall gold consumer demand — including jewellery, bars and coins — witnessed a

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Cheaper diamonds fire life into the hidden world of gem trading

Cheaper diamonds fire life into the hidden world of gem trading 0

🕔12:45, 31.Aug 2020

Optimism of a rebound will bring relief to a supply chain that’s been paralysed since the pandemic hit London FOR the past six months, the global diamond hubs in Antwerp, Belgium, and Mumbai have been at a standstill, with cutting

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Russia ramped up gold production right before COVID-19 hit

Russia ramped up gold production right before COVID-19 hit 0 Updated

🕔12:31, 26.Jun 2020

Prior to the coronavirus paralyzing the world, Russia was ramping up its gold production, according to the Union of Gold Producers of Russia. Russia’s total gold output reached more than 64 metric tons in Q1, which is up 5.11% from

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COVID-19 impact | Jewellery fabricators to slowly reopen but the damage has been severe

COVID-19 impact | Jewellery fabricators to slowly reopen but the damage has been severe 0

🕔15:56, 19.May 2020

The impact on overall fine gold consumption has been acute with there being almost no real demand for fresh gold from this segment. Asia dominates this sector, at over 75 percent of global fabrication, and it is these markets in

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Ind-Ra sees jewellery sales declining 25 pc in FY21

Ind-Ra sees jewellery sales declining 25 pc in FY21 0

🕔18:34, 12.May 2020

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 of lockdown following COVID-19 pandemic and overall reduction in disposable income. Jewellery demand, which

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Gold demand may shift from jewellery, says WGC India MD.

Gold demand may shift from jewellery, says WGC India MD. 0

🕔17:19, 5.May 2020

  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 jewellery over other forms of gold, record high prices and social distancing norms may

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Indian gold demand declines 36% in March quarter: WGC

Indian gold demand declines 36% in March quarter: WGC 0

🕔15:13, 1.May 2020

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 purchases, especially last month, showed the data released by the World Gold Council (WGC)

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Impact of Coronavirus on the jewellery industry

Impact of Coronavirus on the jewellery industry 0

🕔20:16, 15.Apr 2020

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 affected because of the virus outbreak. We started 2020 on a great note, but

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‘Tactical allocation to gold may go up if uncertain times continue’

‘Tactical allocation to gold may go up if uncertain times continue’ 0

🕔14:01, 7.Apr 2020

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 read the economic and monetary cues that will have an impact on gold and

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