Indian gold prices have increased by 23% so far this year. Gold with 24-carat purity also crossed the Rs 50,000 per 10-gram mark recently. But why...
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...
Amid gloomy economic outlook and continued uncertainty, if there is one asset class that looks likely to flourish, it is gold. With domestic prices at record...
Covid-19 has changed the way we look at things. Not only has the global pandemic affected our lives in unimaginable ways, but also impacted our habits...
A live event (at last) for the industry’s international re-start Three days for the gold and jewellery industry’s re-start in the world. Live. IEG – Italian Exhibition...
Speaking to ET, President of Surat Diamond Association Dinesh Navadia said that under the new protocol, every polishing unit will have only two workers working on...
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,...
Bengaluru’s 150-year old jewellery brand, C Krishniah Chetty Group of Jewellers has taken a definitive step to stop offering cultured pearls which are suspected to originate from China,...
The increasing number of COVID-19 cases among Surat’s diamond industry workers has made the authorities sit up. A meeting has been convened on Monday to chalk...
India’s gem and jewellery exports plunged nearly 84% year-on-year in April-May owing to the trade disruption caused by Covid-19 while the fall in exports of cut...
Zaveri Bazaar reopened last week after 75 days of lockdown and according to industry sources, after suffering a loss of 14 to 15 thousand crores. Home...
The extended lockdown and the global pandemic has taken sheen out of the diamond industry. The export of polished diamonds between April and May fell by...
Mumbai: As consumers in the US reassess their purchasing behaviour in light of the COVID-19 pandemic, gifts that are meaningful and that retain their value will...
Gold imports by India slumped by about 99 per cent for a second straight month in May, disrupted by lockdown. Inbound shipments fell to 1.3 tonnes...
The world is in a state of uncertainty with the Corona virus overwhelming all aspects of life similarly. The gems and jewellery industry is severely affected....
There is heightened interest for gold loans among borrowers as more farmers, small merchants and businesses kick-start stalled economic activity. Gold loans are the easiest and...
Jewellers and bullion traders have urged the government to extend the deadline for mandatory hallmarking by a year to January 2022, saying the loss of business...
Asia’s largest jewellery and bullion hub, Zaveri Bazaar, bore a deserted look on Day 2, as stores remained shut due to paucity of staff, many who...
Zaveri Bazaar, Asia’s largest gold market, reopened on Friday, after 10 weeks of shuttering, injecting life into India’s tepid bullion and jewellery trade that relies heavily on this South Bombay...
The brightly lit neon signboards of jewellery stores across the city have flickered to life, rekindling hope of a rebound in business for lakhs of skilled...
A nationwide lockdown and closed jewellery shops across India have led to a severe fall in gold demand, leading to near-negligible gold imports in the month...
The brand recently opened its 3,300 sq.ft. store at Vittal Mallya Road in Bengaluru, taking the total outlet count to 4. According to Chawla, the company...
GOLD and SILVER prices slipped and rallied in London trade Wednesday after the two precious metals’ largest New York-listed ETF investment trusts expanded for a 5th session...
Gold price today fell from Rs 46,995 to Rs 46,929 per 10 gram, while silver price was at Rs 48,435 per kilogram, according to the India Bullion...
Asian physical gold hubs struggled to regain footing this week as most retail customers stayed away even as some coronavirus restrictions were eased. Chinese dealers sold...
Gold and silver edged higher on Friday after Sino-US tensions over Hong Kong escalated further while India continued to report an increasing number of new cases...
Spot gold dipped 0.3 per cent to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13 of $1,703.40 earlier in the...
Pune based, heritage jewellery brand, PNG Jewellers re-opened their stores on the 21st of May 2020 on receiving a nod from the authorities. Most of their...
The usual fervor of Big Fat Indian Summer weddings, have given way to downsized mini-monies (miniature ceremonies) this season. With restrictions on the number of wedding...
Retail Jeweller Market speaks to a cross-section of jewellers to get an overview of the impact of the lockdown on the industry at present and post...
When life gives you lemons, making lemonade is the only great idea. This is precisely what jewellery retailers seem to doing as they embrace technology to...
Ten gm of pure gold (24 carat) is inching toward Rs 50,000, a deterrent for many admirers of the yellow metal. Yet, ardent Puneites are at the counters...
Gold has no doubt been the uncontested Student of the year in 2019 with a shining return of 24% annualised which renders financial assets pale in...
Kochi: With the easing of lockdown, jewelleries were allowed to function in the state. As the shops opened after two months, heavy rush was experienced everywhere....
Bangalore: The creator of exquisite jewellery from the House of Tata, Zoya makes its foray into South India with a flagship boutique in Bangalore’s most iconic...
Gold prices gained on Friday as escalation of hostilities between the US and China forced investors to seek refuge in the safe haven counter. A sharp...
Being the world’s largest diamond processing hub, India imports around 95 per cent of rough diamond mined globally for processing in local units After nearly two...
Jewellers operating in states like Kerala , Maharashtra and Goa, whose governments have eased restrictions in certain areas , said Most customers were placing orders rather...
Gold prices in India rose on Wednesday amid the economic uncertainty and the gains in prices of the yellow metal in the global markets. Currently, the...
With global economy sinking, safety issues in operations and Covid-19 load, the Surat Diamond Association is focussing on migrants’ return and not revival of the industry....
After government gave relaxation for opening the industries while taking necessary precautions during the fourth phase of lockdown, the diamond industry in the city opened on...
In an interaction with BestMediaInfo.com, Singh, Managing Director, India, Diamond Producers Association, says consumer needs and ways of making a purchase decision are going to change...
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...
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...
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...
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...
Thousands of gems and jewellery exporters in Mumbai took a breath of relief, as the government of Maharashtra today in a landmark decision, allowed designated export...
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...
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...
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...
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...
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...
Finally, the shutters have rolled up, the jewellery stores have been opened and with that, hope is building up with each walk-in customer. Read on to know how...
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...
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...
“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...
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...
De Beers Group today announced a $200,000 donation across its four producer partner countries of Botswana, Canada, Namibia and South Africa to assist women’s shelters and...
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...
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...
The initiative salutes and acknowledges the administration, police personnel and frontline health workers who are working relentlessly to fight the global pandemic. Amritsar: Maliram Jewellers in...
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...
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...
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...
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...
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...
