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Diamond jewellery see recovery in demand; Forevermark remains bullish in India market: De Beers

Diamond jewellery see recovery in demand; Forevermark remains bullish in India market: De Beers 0 Updated

🕔12:59, 14.Dec 2020

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 do 70-85 per of last year’s sales, De Beers India Managing Director Sachin Jain has said.

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Titan’s business gains momentum in Q2-FY21; jewellery unit notes 98% recovery

Titan’s business gains momentum in Q2-FY21; jewellery unit notes 98% recovery 0 Updated

🕔12:43, 9.Oct 2020

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 the revenue of same quarter in last year despite the inauspicious period of ‘shradh’.

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India’s June gold imports plunge on record price, lockdown

India’s June gold imports plunge on record price, lockdown 0 Updated

🕔15:09, 3.Jul 2020

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 nationwide lockdown to curb the spread of coronavirus, a government source said. The world’s

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Zaveri Bazaar opens today after 10 weeks, traders feel it’s a positive sign

Zaveri Bazaar opens today after 10 weeks, traders feel it’s a positive sign 0

🕔14:54, 6.Jun 2020

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 commercial landmark for business volumes and leads. Adhering to the odd-even formula spelt out

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Closed jewellery shops amid lockdown pull brakes on gold imports; India imports 99% less gold in May

Closed jewellery shops amid lockdown pull brakes on gold imports; India imports 99% less gold in May 0 Updated

🕔23:58, 4.Jun 2020

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 of May. The gold imports in the month have fallen by 99 per cent

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India’s retail trade lost business worth Rs 9 lakh cr in last 60 days: CAIT

India’s retail trade lost business worth Rs 9 lakh cr in last 60 days: CAIT 0

🕔11:54, 26.May 2020

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, trader’s body CAIT said on Sunday. The country’s retail trade lost business worth Rs

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Surat diamond industry has lost Rs 30,000 crore, but it’s in no rush to restart business

Surat diamond industry has lost Rs 30,000 crore, but it’s in no rush to restart business 0

🕔19:57, 20.May 2020

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. The Surat Diamond Association’s office is like a war room these days — a

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India’s Affluent Diamond Industry Loses Its Sheen to Pandemic

India’s Affluent Diamond Industry Loses Its Sheen to Pandemic 0

🕔19:13, 16.May 2020

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 with the challenge of falling demand and an exodus of labour, diamond units in

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Asia gold: Demand still lacklustre as top hubs gradually open shop

Asia gold: Demand still lacklustre as top hubs gradually open shop 0

🕔18:16, 16.May 2020

 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 China eased some coronavirus-driven restrictions. Dealers in China sold gold at discounts of $28-$40

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Jewellery exporters seek permission to start diamond bourse, SEZ in Mumbai

Jewellery exporters seek permission to start diamond bourse, SEZ in Mumbai 0

🕔17:42, 5.May 2020

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 Bharat Diamond Bourse (BDB) in Mumbai, the backbone of India’s $40 billion Jewellery exports.

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