Jewellery exports' decline being arrested: GJEPC chairman
On the IIJS Virtual , he said the exhibition was proving an attractive draw with 350 exhibitors and 7000 visitors.
Covid-19: Gems, jewellery industry showed resilience during difficult times, says Piyush Goyal
"In fact, this environment of technology to...
Diamond-studded, lightweight gold jewellery: India's preference this festive season
“This festive season we have put together a wide range of...
Platinum jewellery demand picking up in metro cities as gold turns pricier
The price of platinum has been falling since the beginning of 2020 and is now cheaper than gold by 44.19 per cent. This price difference is expected to drive demand among millennials this festive season.
Gems, jewellery exports may dip 20-25 pc; growth expected by FY22: GJEPC
Due to the pandemic, GJEPC went virtual for IIJS 2020, which commenced on October 12, transforming the physical show into a complete virtual experience for exhibitors as well as domestic and global visitors.
All thanks to farmers: Gold jewellery demand picks up in rural India
Jewellers from rural parts of Maharashtra, Uttar Pradesh, Himachal Pradesh, Bihar and Karnataka said farmers are buying plain gold jewellery worth Rs 1-1.35 lakh for the upcoming weddings in their families.
Gold discount shrinks sharply in local markets amid festive demand
The pandemic-induced lockdown dragged down Q2 demand , but with restrictions easing steadily since then and many weddings deferred to the fourth quarter, jewellery demand is expected to improve in Q3 and Q4.
Relief for jewellers as polished diamond prices beat Covid blues, go up three to five percent
Rough diamond imports fell in value by 74.5% to a provisional $1.2bn during April -August 2020 from a year ago. Over the same period, exports of polished diamonds fell by 41.4% to $3.9 bn as per GJEPC, reflecting the inventory drawdown to control a price slump.
Gujarat: Tanishq store puts up apology note over withdrawn advertisement
A Tanishq jewellery showroom in Gandhidham town of Gujarat's Kutch district has put up a note on its door, apologising to Hindus in the district over the brand's controversial TV ad which has been withdrawn. The handwritten note in Gujarati also condemned the TV commercial.
Demand for platinum jewellery increases in India; Bracelets, chains become popular picks
Platinum bracelets and chains priced below Rs 2 lakh are the popular picks as buyers don’t need to provide their permanent account number (PAN) for their purchase, said some of the jewellers ET spoke with.
Surat's diamond industry workers say no to Diwali holidays as demand revives
Traditionally, workers in Surat get a fortnight to a month-long holiday for Diwali, said industry executives.
Titan’s jewellery division bets on deferred weddings and pent-up demand for a good festive quarter
With most weddings in the pandemic quarter postponed due to the outbreak, demand for wedding jewellery was affected, Titan had said in a stock exchange filing in August. The impact of the lockdown had resulted in its jewellery division recording an income of Rs 1783 crore for the quarter, a decline of 56%.
Gems and jewellery traders expect business to recover in last two quarters FY21
According to data provided by the Gem & Jewellery Export Council (GJEPC), exports in this segment touched $1.7 billion in August. It was higher than the $36 million registered in April but down 41.55% from that in August 2019. Surat is the diamond cutting and polishing hub of the country and 85% of the stones processed there are exported.
Gold, jewellery sales go digital amid coronavirus pandemic
Online sale using such technologies account 12-15% of overall of Senco Gold & Diamonds, company CEO Suvankar Sen told ET.
Country's leading jewellers urge government to bring uniform gold pricing
The call for uniform pricing comes at a time when demand for gold is showing signs of revival. Buying of the yellow metal in India generally peaks in the October to December festival period.