Jewellery

Silver is the new gold as India's jewellery buyers chase value and style

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

India-UK FTA: Rajasthan exporters see boost in gems, jewellery exports

Exporters in Rajasthan are expecting a sharp rise in gems, jewellery, handicrafts and textiles shipments to the United Kingdom once the Free Trade Agreement (FTA) with India comes into effect. As part of the FTA, which was signed in July this year and is likely to come into effect next year, duties on 99 per cent exports to the UK will be reduced to zero. Jaipur-based jeweller K B Goyal of Dwarka Jewellers said the removal of the 3-3.5 per cent duty on jewellery items in the UK will give Indian jewellers a strong edge in global markets. "The duty removal will help jewellers in sales and marketing of jewellery samples abroad... We will give tough competition to China, Thailand, and Hong Kong," Goyal told PTI on Wednesday. He said India's estimated export of gold, silver, and platinum jewellery to the UK stands around USD 400 million, with Rajasthan contributing nearly 40 per cent. "We expect this export to increase 1.5 times in the next 2-3 years," he added. Trade policy expert Ri

Louvre to remain closed one day after jewel heist, here's what to know

The Louvre said on Monday it would remain closed a day after historic jewels were stolen from the world's most-visited museum in a daring daylight heist. The museum's staff asked dozens of visitors who were queuing in front of the glass pyramid entrance to leave the site. In a message posted on the social media, the Louvre said visitors who have booked tickets will be refunded. It did not provide additional details. On Sunday, thieves rode a basket lift up the Louvre's facade, forced a window, smashed display cases and fled with priceless Napoleonic jewels, officials said. The theft about 30 minutes after the museum opened, with visitors already inside, was among the highest-profile museum thefts in living memory. It unfolded just 250 meters from the Mona Lisa, in what Culture Minister Rachida Dati described as a professional, four-minute-long operation. French Justice Minister Gerald Darmanin acknowledged security failures on Monday. One can wonder about the fact that, for exam

Chopard to expand jewellery presence in India with two boutiques in 2026

Swiss luxury brand Chopard to open two high jewellery boutiques in India, targeting aspirational consumers and tapping into the booming luxury market

Jewellery, garments, marine goods bore the brunt of US duties in August

India's exports to the US contribute 34 per cent of readymade garments shipments and 39 per cent of cotton fabrics shipments

Gems and jewellery exports rise by 6.5% to $2.9 billion in September

The overall gems and jewellery exports rose by 6.55 per cent in September to USD 2,914.29 million (Rs 25,737.50 crore) despite global headwinds as festive and wedding season demand gains momentum, the Gem and Jewellery Export Promotion Council (GJEPC) said on Tuesday. Gem and jewellery exports stood at USD 2,735.26 million (Rs 22,925.81 crore) in in September 2024, GJEPC said in a statement. In the first half of 2025-26, the overall gem and jewellery exports witnessed a growth of 3.66 per cent at USD 14.09 billion compared to USD 13.60 billion in the same period of the previous fiscal. "The first half of this financial year reflects encouraging signs of recovery for the industry. Demand for gem and jewellery products has strengthened across key markets such as the UAE, Hong Kong, and the UK, with exports registering consistent growth. The upcoming festive and wedding season among the Indian diaspora, together with the holiday season demand in global markets, is expected to further .

Titan reports slower jewellery sales as rising gold prices hit demand

The jewellery business, which contributes close to 90% of overall revenue, grew 19% year-on-year, the Bengaluru-based company said in its business update for the quarter ended September 30

Luxury jewellery brands tap into wider market with lower prices online

In August, fashion designer Sabyasachi Mukherjee tied up with ecommerce platform Tata CLiQ Luxury to launch a digital boutique on the platform

Dubai's top Indian jewellery importer cuts volumes 30% as gold prices soar

Bafleh Jewellery, one of the Middle East's largest importers of Indian jewellery, is shifting to lightweight designs and lower-karat gold as soaring bullion prices squeeze demand across key markets. The company's Managing Director Ramesh Vora said the Dubai-based company has imported 600-700 kilograms of jewellery from India in the first eight months of the current financial year, compared to 1.2 tonnes for all of last year. While import values have increased, volumes have dropped 20-30 per cent as gold prices surged from USD 2,200-2,500 per ounce to USD 3,600 within three months. "People cannot afford it anymore. We're thinking gold might even reach USD 4,000," Vora told PTI at a recent Saudi Arabia Jewellery Exhibition (SAJEX). The company plans to introduce 14-karat jewellery next month, working with suppliers in Kolkata and Delhi to maintain colour quality while reducing gold content. The strategy shift reflects broader challenges facing jewellery importers as volatile gold pr

UPI's new high value transaction limits kick in: Here's what changes

Starting September 16, UPI is no longer just for small daily payments. With raised limits for insurance, investments, and even jewellery purchases.

Govt may mandate silver jewellery hallmarking after six months: BIS

The government will consider making hallmarking of silver jewellery and articles mandatory after evaluating the effectiveness of the process, which has been introduced on a voluntary basis. On September 4, the government announced introducing voluntary hallmarking for silver jewellery and articles, effective September 1, implementing a digital identification system to ensure metal purity for consumers. "We need some time to evaluate it. Six months should be enough. We will look at this for six months, and after that, we will consider whether to make it mandatory or not," Pramod Kumar Tiwari, Director General of Bureau of Indian Standards (BIS), told PTI on Friday. The official made the remarks in reply to a question about whether the government may consider making hallmarking of silver jewellery mandatory. BIS is the National Standard Body of India established under the BIS Act 2016 for the harmonious development of the activities of standardisation, marking and quality certificati

UP scouts new markets as US tariffs hit textiles, jewellery and leather

Uttar Pradesh looks to Latin America, Europe, Africa and South-East Asia for exports as US tariffs squeeze textiles, jewellery and leather, with a new policy aiming Rs 5 trillion exports by 2030

Thieves grab $2 mn in jewellery in Seattle heist that took under 2 minutes

Smash-and-grab thieves in Seattle made off with an estimated USD 2 million in diamonds, luxury watches, gold and other items in a daring midday jewelry store robbery that took just about 90 seconds, police said Friday. Video from the West Seattle store's surveillance cameras shows four masked suspects shattering the locked glass front door with hammers and then ransacking six display cases Thursday. One display held around USD 750,000 worth in Rolex watches, police said in a statement, and another had an emerald necklace valued at USD 125,000. A masked suspect threatened workers with bear spray and a Taser, police said, but no one was injured. We're pretty shook up as a staff, Josh Menashe, vice president of the family-owned store, said by phone Friday. We're gonna be closed for a while. Menashe said workers finished cleaning up the broken glass and were working on a full inventory of the losses. Police said they responded to the robbery but the suspects had already fled in a get

Gem, jewellery exports rise 15.98% to $2.17 billion in July: GJEPC

Gem and jewellery exports witnessed 15.98 per cent year-on-year growth to USD 2,178.24 million (Rs 18,756.28 crore) in July amid global challenges, the Gem and Jewellery Export Promotion Council (GJEPC) said on Wednesday. Overall gem and jewellery exports stood at USD 1,878.09 million (Rs 15,700 crore) in the corresponding month of 2024, according to data shared by GJEPC. "The July exports are good and an encouraging sign for our industry. It mainly got a boost from successful substantial order bookings during the India International Jewellery Show (IIJS) Premiere and a strong bounce back of the Hong Kong market. This performance is heartening, especially as it comes amid global challenges, such as the ongoing impact of the US tariffs," GJEPC Chairman Kirit Bhansali said in a statement. In the recently concluded IIJS Premiere 2025, an estimated Rs 70,000-90,000 crore order bookings have been generated, which boosted the confidence of the industry ahead of the festive season, said th

Kalyan Jewellers eyes expansion through franchise model to reduce debt

Jewellery retailer Kalyan Jewellers plans to open 170 stores through a franchise model in domestic and overseas markets this fiscal, which will help reduce its debt liabilities, a senior company official has said. As of June 30, 2025, Kalyan Jewellers' total showrooms across India and the Middle East stood at 406 (Kalyan India - 287, Kalyan Middle East - 36, Kalyan USA - 2, Candere - 81), according to a regulatory filing. "We are planning to open 170 showrooms in 2025-26, of which 90 will be Kalyan, and of these, seven will be overseas - UK, US and Middle East. We are also looking at opening 80 stores under our lifestyle jewellery brand Candere. "The domestic expansion will be across non-south markets, including tier I, II, III and IV markets through the franchise model. Going forward, the company will expand through the franchise model and will use the excess cash to reduce debt," Kalyan Jewellers Executive Director Ramesh Kalyanaraman told PTI. Going forward, the company will exp

PC Jeweller Q1 results: Profit rises 4% to ₹162 cr; revenue up at ₹808 cr

P C Jeweller Ltd on Friday reported a 4 per cent increase in its consolidated net profit to Rs 161.93 crore for the quarter ended June 2025. Its net profit stood at Rs 156.06 crore in the year-ago period. Total income surged to Rs 807.88 crore during the April-June period of 2025-26 fiscal from Rs 439.78 crore in the corresponding period of the preceding year, according to a regulatory filing. Last month, the company's board approved a plan to raise Rs 500 crore equity from promoters and Capital Ventures Pvt Ltd to prepay its loan, as part of its plan to become debt-free by the end of this fiscal. Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned. The company had posted a net profit of Rs 577.70 crore and a total income of Rs 2,371.87 crore during the entire 2024-25 fiscal.

Titan to acquire 67% stake in Damas jewellery via UAE subsidiary

Tata Group's Titan Company said that the acquisition will be funded through a mix of internal accruals, existing cash balances, and debt

PC Jeweller clocks 80% revenue growth in Q1, to be debt free in FY26

PC Jeweller Ltd has reported around 80 per cent growth in revenue during the April-June quarter of this financial year on strong demand despite volatility in gold prices and said it will become debt free this fiscal. Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned. In a regulatory filing on Thursday, PC Jeweller informed that the company closed the April-June quarter on a very strong note clocking a robust performance. "Despite the volatility in gold prices, the company was able to achieve a standalone revenue growth of approximately 80 per cent, as compared to the corresponding quarter of the previous financial year," PC Jeweller said. The company saw high demand for its products, as consumers purchased jewellery for weddings and festivals. "Further, the company had already reduced its outstanding debts towards its bankers by more than 50 per cent during 2024-25," PC Jeweller said. The company expressed confidence of becoming debt free in the .

Aukera raises $15 million to expand lab-grown diamond jewellery brand

With $15 million from Peak XV and others, Aukera plans to grow its lab-grown diamond brand as India's $350 mn market sees 15 per cent annual growth

GIA to expand Indian offerings, revise grading for lab-grown diamonds

GIA will stop using traditional clarity and colour scales for lab-grown diamonds and expand services in India to support rising consumer confidence in jewellery