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Tag "jewellery demand"

GJEPC launches short films to boost jewellery demand this festive season

GJEPC launches short films to boost jewellery demand this festive season 0 Updated

🕔19:51, 6.Nov 2020

Mumbai: GJEPC continues to strive to strengthen the industry and boost demand for gem and jewellery. With the aim to help IIJS retailers reach out to their customers during this Dhanteras, GJEPC has introduced an exclusive series of 10 short

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Jewellery demand shrinks 48% in Q3 even as net imports rise 8%

Jewellery demand shrinks 48% in Q3 even as net imports rise 8% 0

🕔15:17, 30.Oct 2020

“Weakness caused by COVID-19 was compounded by record gold prices: Q3 demand fell 29% YoY to 333t. While China and India accounted for the largest volume declines, weakness was global,” said WGC. Mumbai: Indian demand for gold jewellery shrank 48% year-on-year (YoY)

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India’s gold demand could recover during fourth quarter on festival shopping: WGC

India’s gold demand could recover during fourth quarter on festival shopping: WGC 0 Updated

🕔12:47, 30.Oct 2020

“We expect quarter four would be better than quarter three due to pent-up demand and festivals,” said Somasundaram PR, the managing director of WGC’s Indian operations. MUMBAI: India’s gold demand in the fourth quarter is expected to recover after falling 30% in

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Gujarat: Tax at source leaves jewellers in woe

Gujarat: Tax at source leaves jewellers in woe 0

🕔12:17, 7.Oct 2020

AHMEDABAD: The imposition of 0.075% tax collection at source (TCS) from October 1, has left jewellers and gold traders staring at severe working capital crunch, amid an already slowed business. According to analysts and industry experts, the implementation will prove detrimental for small bullion traders and jewellers.

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Strong gold demand may continue until global economy is back on solid track

Strong gold demand may continue until global economy is back on solid track 0

🕔14:42, 30.Sep 2020

Gold may remain vulnerable to further losses in the short term, as markets are being impacted by movements in the US dollar, mainly due to the COVID-19 crisis continue to deteriorate in the West and emerging markets. New Delhi :

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Even in pandemic, big retail jewellers add new space to spruce up businesses

Even in pandemic, big retail jewellers add new space to spruce up businesses 0

🕔12:22, 22.Sep 2020

KOLKATA: The pandemic has not deterred big retail jewellers from adding new space to spruce up their businesses in the current fiscal. Retail jewellers like Tanishq, Malabar Gold & Diamonds, Senco Gold & Diamonds, besides others, are adding more retail

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Credit outlook negative for gold jewellery retailers: CRISIL

Credit outlook negative for gold jewellery retailers: CRISIL 0

🕔15:17, 18.Sep 2020

New Delhi: Slack demand leading to lower cash accrual, elevated inventory levels and curtailed bank finance will lead to moderately negative credit outlook for gold jewellery retailers this fiscal and hard-brake store expansion, credit ratings firm CRISIL NSE 2.25 %

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Finance Minister clarifies EL not applicable on e-trade of rough diamonds

Finance Minister clarifies EL not applicable on e-trade of rough diamonds 0 Updated

🕔12:41, 28.Aug 2020

GJEPC representation meets Finance Minister to raise concerns about Equalisation Levy (EL) on diamond trade Mumbai, 27 August 2020: Smt. Nirmala Sitharaman, Hon’ble Minister of Finance, Govt of India today in a representation meeting held with The Gems and Jewellery

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Gold pips $1,800, first time since 2011

Gold pips $1,800, first time since 2011 0 Updated

🕔12:18, 9.Jul 2020

Gold prices on Wednesday breached the $1,800-an-ounce barrier for the first time since 2011 as investors opted for the safe-haven commodity amid mounting fears of rising coronavirus cases. Spot gold jumped 1 per cent to $1,811.55 per ounce by 1512GMT.

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Gold jewellery demand grows; sales back to pre-COVID level at Kalyan Jewellers, others

Gold jewellery demand grows; sales back to pre-COVID level at Kalyan Jewellers, others 0

🕔15:05, 7.Jul 2020

The demand for gold jewellery has picked up in the country, to the surprise of even the industry. Even as the COVID-19-linked turmoil is going on, gold jewellerry sales have reached back to nearly the same level as last year. “Sales have

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