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With little policy push, India fails to drive gem and jewellery exports
Policy support is crucial to ensure that exports remain competitive.
Vini, Vidi, Vici: WestBridge may take majority control of Fogg-maker Vini Cosmetics
West-Bridge Capital is in talks to pick up 30% more in Vini Cosmetics from Sequoia, promoters.
Beauty Brand Bath & Body Works launches e-store in India
The 4 billion dollar brand had opened seven retail outlets across Delhi, Mumbai and recently Chennai since its entry in July 2018.
For Titan, it’s time for lower growth expectations
Tata group co expects revenue growth to slip to 12% amid tepid demand, though it expects market to recover after six months.
Govt restores duty-free replenishment facility for jewellery exporters
This facility of duty-free replenishment of precious metals was stopped after the implementation of the goods and services tax (GST).
Swiss luxury watchmaker H. Moser & Cie makes foray into Indian market
Its collections Heritage, Endeavour, Pioneer, Swiss Alp Watch and Venturer will now be available here.
McNROE focuses on overseas markets to beat slowdown
The fragrance maker said the thrust on the international markets would help the company to increase revenue by 20-30 per cent in the next few years.
Kerala jewellers expect gold sales to go up by 25-30 per cent
Jewellers from the south Indian state of Kerala are expecting gold sales to go up by 25% -30% during the upcoming Onam and marriage season.
‘Lipstick index’ holds true for Indian market
With big brands clocking double-digit growth rates, the colour cosmetics category has bucked the slowdown.
Surat diamond industry fears 2nd recession in a decade
Nearly 60,000 diamond workers are currently jobless across Gujarat, of which 13,000 are from Surat.
Tiffany’s entry into India comes after reaching ‘critical mass’
The US-based jeweler’s top executive says the time is finally right.
Government plans to make BIS hallmarking mandatory for gold jewellery
The Centre plans to notify the new regulation in the World Trade Organisation (WTO) in a week’s time, said Anantha Padmanabhan, chairman, All India Gems & Jewellery Domestic Council.
15% jobs lost in Gujarat diamond hub
India is the world's largest cutting and polishing centre of rough diamonds, processing as many as 14 out of every 15 rough diamonds in the world.
H&M’s just eager to get on with business
Janne Einola, country manager at H&M India, said retailers require on an average 17 licences — and that could go up in many states — to open a store.
Gold imports up 35.5% in first quarter
India is the world’s largest importer of gold, with annual consumption at 800-900 tonnes. Imports were $8.45 billion in the same period of 2018-19.
Gold smuggling up on higher taxes
Organised jewellers say smaller outlets are sourcing the metal through illegal means.
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