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Prime Minister Narendra Modi on Sunday appealed to Indians to reduce their gold purchases for a year in a move to encourage foreign exchange savings amid the crisis in West Asia
Shares of jewellery, travel and hospitality firms fell after Prime Minister Narendra Modi urged restraint in gold purchases and foreign travel amid forex pressures
Kalyan Jewellers India Ltd on Friday reported more than two-fold jump in consolidated net profit to Rs 409.50 crore in the fourth quarter of 2025-26 fiscal, citing higher income. The Kerala-based company had posted a net profit of Rs 187.6 crore in the year-ago period, according to a regulatory filing. Total income for the January-March quarter surged 66 per cent to Rs 10,321.1 crore from Rs 6,222.3 crore a year earlier. Expenses remained elevated at Rs 9,782.28 crore against Rs 5,971.75 crore in the corresponding period. For the full 2025-26 fiscal year, the company reported a net profit of Rs 1,350.39 crore, up by 89 per cent from Rs 714.17 crore in the previous year. Total income increased by 43 per cent to Rs 35,950.88 crore from Rs 25,189.66 crore in the previous fiscal. Kalyan Jewellers Executive Director Ramesh Kalyanaraman said, "We ended the previous financial year on a very strong note and have carried the momentum into the ongoing financial year." The company witnesse
Report highlights need for higher value addition, diversification, and policy reforms to boost competitiveness of India's gems and jewellery sector globally
On Akshaya Tritiya, choose gold wisely-jewellery for sentiment, ETFs and SGBs for returns; verify purity, costs, and tax impact before investing
Strong jewellery demand supports retail growth in Q4FY26, though weak consumption trends weigh on segments like apparel, QSR and lifestyle retailers
Titan sees early wedding buying amid softer gold prices, with half of customers opting for old jewellery exchange as demand remains resilient despite elevated rates
Tata Group-backed jewellery brand CaratLane plans to open 40 stores in the coming financial year, 10 per cent of which will be company-owned, a senior executive said. "We have almost 50 stores right now, and we expect to add around 40 stores next year (2026-27); however, we won't be in a hurry to open them. In the first quarter, we will probably focus on exploring stores and in the second quarter, we will start the expansion for FY27. Around 10 per cent of these new stores will be owned by the company," CaratLane Managing Director Saumen Bhaumik told PTI. About 13 per cent of the current 50 operational stores are company-owned, he added. He said this expansion will be more in the north, east and the south, while in the west the openings will be fewer. "I think in north, east, and south, we will continue to expand. In the west, we will be opening fewer stores as we have already opened a decent number in that region. Right now, I want to make sure that every store in the western regi
India's gems and jewellery exports grew 3.86 per cent year-on-year to USD 2,680.79 million (Rs 24,340.05 crore) in February, following the industry's diversification into other markets, according to the Gem and Jewellery Export Promotion Council (GJEPC). The overall exports stood at USD 2,581.08 million (Rs 22,460.13 crore) during the corresponding month of 2025, GJEPC data showed. From April 2025 to February 2026, total gems and jewellery exports were almost flat at USD 25,933.72 million (Rs 2,28,230.06 crores) compared to USD 25,915.81 million (Rs 2,18,737.62 crores) in the year-ago period. "The past year has been challenging for the global gem and jewellery industry, shaped by evolving US tariff policies, geopolitical uncertainties, and changing consumer preferences across key markets. Despite these headwinds, the Indian gem and jewellery sector has demonstrated remarkable resilience," GJEPC Chairman Kirit Bhansali said. Exporters have actively diversified their export markets,
Couture houses like Sabyasachi and Manish Malhotra are expanding into high jewellery, tapping self-purchasing women and investment-led demand while extending their design language beyond apparel
PNGS Reva Diamond Jewellery IPO has received bids for 5.98 million shares against 5.70 million shares on offer
CEO said buying for investment had peaked in the past one year
New baggage rules raise duty-free allowance to Rs 75,000 for most travellers, simplify transfer-of-residence norms and introduce digital declarations
Easing of US tariffs has revived demand-side confidence in India's gems and jewellery sector, raising hopes of reversing export losses and regaining momentum
Rising funding, rapid store expansion and Titan's entry are pushing lab-grown diamonds from niche to mainstream, as Indian consumers embrace affordable, sustainable fine jewellery
December quarter results for the sector are expected to be in similar lines to the September (Q2) quarter
Titan will launch beYond, its lab-grown diamond jewellery brand, later this month, even as its flagship brand Tanishq continues to promote natural diamonds with De Beers
Silver jewellery is booming in India in 2025, driven by high gold prices, shifting tastes and rising brand trust, making the once-everyday metal a new must-have for women and men alike