Page 3 - Jewellers

Akshaya Tritiya begins on sombre note; jewellers expect 10-15% sales

Akshaya Tritiya, a highly auspicious day to purchase gold, has started on a sombre note and jewellers are expecting only 10-15 per cent sales as the onset of the COVID-19 second wave, local restrictions and partial lockdowns have affected consumer sentiment. "As most of the states are under lockdown to curb the infections there is almost no business activity. The day of Akshaya Tritiya has begun on a slow note and whatever booking or enquiries are happening it is only through tele or digital medium," All-India Gems & Jewellery Domestic Council (GJC) chairman Ashish Pethe told PTI. He said, jewellers are expecting only 10-15 per cent sales this Akshaya Tritiya in places where the lockdown is not imposed or there are partial shutdowns. The second wave of the pandemic is turning out to be much worse than last year with huge loss of life across the country causing an overall negative consumer sentiment, Pethe said. India's COVID-19 tally of cases climbed to 2,40,46,809, while the ...

Make jewellers partners in gold deposit scheme

The number of places where gold can be tendered is limited and the staff there is ill-trained, making the scheme a non-starter

Jewellers see Dhanteras sales jumping 33% over last year on low gold price

Fall in the price of gold the past one week and from the August's peak has sparked expectations of a better show

BSE signs MoU with premier bullion trade associations across India

These associations collectively represent close to 2,200 members, engaged in retail sale and trade of bullion

Indian jewellers gear up for next festival as gold sales pick up pace

Indians celebrated the Dussehra festival on Sunday, and now await Diwali and Dhanteras in November

Jewellers bet big on Dussehra, expect 65% of total biz this festival season

Gold prices were on Friday ruling at around Rs 49,200-51,000 per 10 grams in the domestic market, while in the international market, it was at USD 1,908 an ounce.

Jewellers bargain on rent, pare store sizes and stocks to stay afloat

Migrant workers told not to return from hometowns despite onset of festive season

Gold prices at new all-time high, entering years-long bull run: Analysts

Investment in precious metal safe based on outlook for India in the next four months

Jewellers start melting new ornaments to pare inventory as recession bites

Scrap supply likely to reach 140 tonne in CY20, as against 119 tonne last year

Three standards for hallmarked gold not enough, need more, say Jewellers

In view of the disruption in the wake of the Covid-19 crisis, they also urged the government to extend the next year's deadline for mandatory hallmarking.

Jewellers opening stores, see demand revival as deferred weddings take off

Mumbai retailers to start odd-even formula, that is, shops on either side of the street opening on alternative days. Initially, more customers may sell jewellery/gold to raise money

Jewellers start opening stores, sales down 25% amid Covid-19 crisis

All India Gems and Jewellery Domestic Council Chairman Anantha Padmanabhan said jewellers have opened shops in few states after taking permission from local authorities in the last one week

Covid-19 lockdown: Jewellers reaching out to customers via online offers

Jewellers in Mumbai's largest gold market, Zaveri Bazar, will offer online jewellery sale on Akshaya Tritiya

Jewellers squeezed over advance tax payments, sparse consumer interest

Customers are not buying gold though prices are now falling

I-T recovery orders could lead to bankruptcies, frauds: Jewellers' body

I-T department had alleged in orders that the sale of jewellery against cash post note ban announcement was not genuine

A fascinating history of the Cartier family, fabled Parisian jewellers

A fascinating account of the fabled Parisian jewellers recounted by the founder's descendant offers an in-depth study of how to run a durable family business

Note ban ghost comes to haunt jewellers as I-T dept passes recovery orders

Jewellers who have received such orders will have to cough up at least 20 per cent of the demand before they can file an appeal

Gold dealers sell at discount over poor wedding demand, ample supply

The Chinese festival is also expected to improve demand in Singapore, with many retailers offering promotions for bullion, Silver Bullion sales manager Vincent Tie said.

Hallmarking of gold jewellery mandatory across nation from January 2020

Jewellers to be given a year's time to clear stocks that aren't hallmarked and get themselves registered

Nepal's increased bullion import duty to help India reduce smuggling

Smuggling of gold via Nepal borders was not only affecting India but also Nepalese jewellers