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Tag "gold coins"

Jewellers bargain on rent, pare store sizes and stocks to stay afloat

Jewellers bargain on rent, pare store sizes and stocks to stay afloat 0

🕔18:06, 28.Jul 2020

The Rs 475,000-crore Indian jewellery sector has entered a consolidation phase with jewellers renegotiating for a 25-30 per cent of cut in rent, reducing store sizes and inventories, and pruning other fixed costs including labour and technology for survival. This situation has

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Unlocking Diaries: Jewellers go virtual to drive up sales

Unlocking Diaries: Jewellers go virtual to drive up sales 0 Updated

🕔13:38, 26.Jun 2020

Jewellers have introduced video-calling and virtual trial options on websites and in stores for shoppers. After lockdown restrictions were eased in Unlock 1.0, jewellery stores reopened, with measures such as visual trials, displaying jewellery on video calls, and appointment-based shopping. However, jewellers are facing

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Jewellers aim to drive up sales in Unlock 1.0 with intense sanitisation, focus on online sales and virtual trials

Jewellers aim to drive up sales in Unlock 1.0 with intense sanitisation, focus on online sales and virtual trials 0

🕔18:51, 22.Jun 2020

After lockdown restrictions were eased in Unlock 1.0, jewellery stores reopened, with measures such as visual trials, displaying jewellery on video calls, and appointment-based shopping. However, jewellers are facing two challenges – offering a store-like experience to those shopping from

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DMCC lights up the iconic Burj Khalifa with Eid Mubarak message to the Nation

DMCC lights up the iconic Burj Khalifa with Eid Mubarak message to the Nation 0

🕔21:14, 25.May 2020

DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – marked Eid al-Fitr by lighting up the Burj Khalifa with a special message to all across the country. To commemorate the swift

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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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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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Customers don’t come to buy but to sell old stuff as jewellery stores open

Customers don’t come to buy but to sell old stuff as jewellery stores open 0

🕔18:59, 12.May 2020

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 gold coins. Sales in the past few days are only 15-20 per cent of

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Jewellers witness encouraging response from customers on their digital platforms for Akshaya Tritiya

Jewellers witness encouraging response from customers on their digital platforms for Akshaya Tritiya 0 Updated

🕔13:25, 27.Apr 2020

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 Hindu calendar. Mr. Ajoy Chawla, CEO, Jewellery Division at Titan Company Limited said, “All 328 Tanishq stores remain

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‘Reached out to our Akshaya Tritiya clients, 54% willing to buy’

‘Reached out to our Akshaya Tritiya clients, 54% willing to buy’ 0 Updated

🕔20:25, 21.Apr 2020

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 of the Covid-19 lockdown. The company is now preparing to roll out a digital initiative

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Gold prices top Rs 45,000, reach demonetisation levels

Gold prices top Rs 45,000, reach demonetisation levels 0

🕔14:30, 13.Apr 2020

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 premiums of up to 50 per cent or more, according to certain trade constituents.

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