Mumbai: Even as there was a complete shutdown of business in June quarter due to COVID-19 related disruptions, diamond jewellery witnessed sharp recovery from October onwards and the industry is expected to...
The company that sells watches, jewellery and eyewear said it witnessed 98% recovery (excluding sale of raw gold) in the jewellery division in Q2 compared to...
India’s gold imports plunged 86% year-on-year in June due to record high prices and as international air travel was banned and many jewellery shops closed amid a...
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...
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 country’s retail trade lost business worth Rs 9 lakh crore in the last 60 days, mainly due to the nationwide lockdown to contain coronavirus pandemic,...
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....
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...
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...
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 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,...
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...
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...
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...
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...
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...
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...
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...