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Hallmarking now a must for gold jewellers

The rule is mandatory from today but jewellers get a year's time to register with BIS, clear their old stock.

BDB to tighten custodian process at bourse

The revamping exercise is being done after one of two parcels belonging to an exporter was recently found to contain an electronic item along with the cut and polished diamonds. This was detected after the parcels were scanned at the airport before being loaded on to a Cathay Pacific flight.

Anne Klein scouts for India partner

US women’s fashion label Anne Klein is in talks with a host of local companies for a partnership to enter the Indian market this year, a top executive has said.

Titan’s festive quarter sales hit by protests in various parts of the country

“Sales in all divisions in the second half of December were also impacted to some extent due to forced store closures due to the protests in the North East and in many other parts of the country,” the company said in a stock exchange filing on Saturday.

Ghost of demonetisation haunts traders of Zaveri Bazaar

Dealers in the congested Zaveri Bazaar remember the night when panic-struck cash hoarders and the well-heeled with unexplained money dumped currency bills to buy gold till early morning — temporarily driving up the price of the yellow metal.

India readies for its 2020 FATF review

A high-level inter-ministerial coordination committee has raised concern about absence of effective regulatory mechanism for gems & jewellery and real estate sectors to curb money laundering and counter terror financing ahead of India’s case coming up for review before FATF in October 2020. Countries on FATF grey list could could face restrictions from international financial system.

Fashion companies go beyond one-size-fits-all to make apparel for Indian body types

The ‘Size India’ project undertaken by Clothing Manufacturers Association of India (CMAI) jointly with textiles ministry and National Institute of Fashion Technology seeks to develop a standardised India size chart, officials said.

Why your neighbourhood jeweller is going out of business

As India is bringing in structural changes, the Rs 3 lakh cr gold jewellery biz is seeing a transition.

Heaven scent: The story of uber luxury perfumes

Many may not have heard of Elysium, Rose Atlantic, Sahraa Oud and 24 Old Bond Street Triple Extract, but collectors of unique scents are a growing breed in India. And some of them stock over 800 bottles in their "perfume wardrobes". And they can cost anywhere upwards of Rs 10,000 and go up to Rs 2.5 lakh for a 100ml creation.

Malls make a killing by turning into one stop for all the wedding shopping

Malls are cashing in on wedding shopping, which is a massive industry, worth around $40-$50 billion.

RBI rejects Future Lifestyle plan to raise stake in Koovs

RBI rejects Future Lifestyle plan to raise stake in Koovs

Future Lifestyle had agreed to buy a nearly 30% stake in the London-listed Koovs in July last year. In a notice to the London Stock Exchange on Tuesday, Koovs said it entered into administration after the Indian company was unable to deliver on a promised 6.5 million pound investment in to the business resulting in unsustainable cashflow pressures.

Nirav Modi's diamond swindle is hurting India’s economy in grip of slowdown

Nirav Modi's diamond swindle is hurting India’s economy in grip of slowdown

India’s gems industry employs almost 5 million workers and contributes about 7% of the GDP.

Jewellery exports fall 4.74% in November: GJEPC

Jewellery exports fall 4.74% in November: GJEPC

In November 2018, the overall gems & jewellery exports stood at Rs 19,039.10 crore, according to data given by the Gems & Jewellery Export Promotion Council (GJEPC). Overall exports declined by 4.85 percent to Rs 1,76,540.39 crore between April and November 2019 from Rs 1,85,543.57 crore a year ago.

From January 2021, jewellers across India can only sell hallmarked gold items. But are retailers and buyers ready?

From January 2021, jewellers across India can only sell hallmarked gold items. But are retailers and buyers ready?

A great change is coming to end adulteration of gold and ensure customers pay for exactly what they buy.

Pollution concerns in India not skin-deep

Pollution concerns in India not skin-deep

Anti-pollution facewashes, toners and face cleansers from brands such as Pond’s, Amway and Lotus have grown 25-30% this year compared with fairness products, which are growing at 8-10%, albeit on a larger base. The country’s top fairness creams include Fair & Lovely, Lotus Whiteglow, Nivea Natural Fairness and Garnier White Complete.

Jewellers want more hallmarking centres to be set up

Jewellers want more hallmarking centres to be set up

There are 860 hallmarking centres in the country. Each of these centres can handle 2000 pieces of gold jewellery per day. In FY19, around 450 tonnes of gold were hallmarked. India annually consumes 1000 tonnes of gold.

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