Page 3 - Jewellery Sale

Reforms in jewellery sector to help achieve $ 43.75 bn export target: Patel

Introduction of reforms for the gems and jewellery industry would help push its growth rate and achieve $43.75 billion exports target for this fiscal year, Union Minister Anupriya Patel said.

We are expecting a U-shaped recovery: Titan Company's Ajoy Chawla

We are opening up only those stores - 270 so far - where 100 per cent of our staff has been vaccinated

Vaccination increase to help push growth of gems, jewellery sector: GJEPC

Curbs imposed by states to rein in the second wave of the pandemic has impacted the domestic business of the gems and jewellery sector in the current fiscal year, but it is expected to revive soon

Hallmarking of gold of 20, 23, 24 carats to be mandatory in next 2 phases

No bar on households selling non-hallmarked gold anywhere

Kalyan Jewellers profit after tax jumps 54% to Rs 73.87 cr in Mar quarter

Kalyan Jewellers on Thursday reported a 54.05 per cent jump in its consolidated profit after tax (PAT) to Rs 73.87 crore for the quarter ended March 31.

Jewellers see just 10% of pre-Covid sales as lockdown hits sentiment

For the second straight year, the gems and jewellery industry is set for almost a washout of business on Akshaya Tritiya as only about 10 per cent of pre-COVID sales of 2019 are expected on Friday amid the raging pandemic sapping footfalls and purchasing power of people. In a normal year, the industry does business of 25-30 tonnes on Akshaya Tritiya, but this year, it expects a maximum of 3-4 tonnes of sales as offline sales have been badly impacted. Some organised players like Kalyan Jewellers did online bookings of gold which will be physically delivered later. "The second wave of the pandemic is turning out to be much worse than last year with huge loss of life across the country. This has created an overall negative consumer sentiment," All-India Gems & Jewellery Domestic Council (GJC) chairman Ashish Pethe told PTI. He said lockdowns are imposed in almost 90 per cent of the states, where retail jewellery stores are closed and no delivery is allowed. This year, Pethe said, the

Near-term growth woes for Titan after strong jewellery-powered Q4

Product mix and salary reinstatement could put pressure on margins

Kalyan Jewellers plans 14 new showrooms in post IPO expansion

While the brand has plans to scale up existing operations in the tier-1 cities, it will also focus on the tier-2 and tier-3 markets, with mid-size showrooms

Malabar Gold & Diamonds to invest Rs 1,600 crore in FY22 on 56 stores

This is in line with the company's expansion plan to triple its retail network from over 250 showrooms this year to 750 outlets by 2023

Retail jewellers to sustain recovery with 30-35% growth in FY22: Report

The outlook is stable, according to a report

Our jewellery division recovered from pandemic, entered growth phase: Titan

Tata group firm Titan said its jewellery division has recovered from pandemic, entering the growth phase, and other divisions have moved closer to full recovery led by festive season

Titan, TBZ: Trading strategies for jewellery-related stocks on Dhanteras

Titan Company is hovering around the resistance of Rs 1,300 levels.

Customers don't come to buy but to sell old stuff as jewellery stores open

Jewellery offtake down to 15-20% of May sales in the previous years

It will take years for jewellery sales to reach pre-Covid levels: Experts

Zero making charges may not work any more; store sales to be impacted as consumers buy online

Titan's jewellery division to roll out digital initiative for clients: CEO

Ajoy Chawla, CEO of the jewellery division at Titan, tells Samreen Ahmad that the company is gearing up to train nearly 25,000 people in Titan's ecosystem in two weeks to restart post-lockdown work.

All that glitters is on video: Tanishq finds a way for gold customers

Titan which sells Tanishq brand gold and diamond jewellery, operates over 350 retail stores across the counter. Apart from that, the company also sells huge quantity of its products online.

Gold is old

In most schemes, where the monthly investment is a fixed amount, investors run the risk of the price of gold rising during the tenure of the recurring deposit

After duping hundreds of depositors, Goodwin's owners held in Thane

Hundreds of customers of the Goodwin jewellery chain were left high and dry after it shut its outlets in several cities in Maharashtra

Jewellery association to launch e-commerce platform for gold trading

It will help networking of jewellers with each other and also reduce the marketing cost of jewellery which otherwise is done through costly exhibitions

Code of conduct soon for jewellers as sector aims to restore consumer trust

World Gold Council to initiate talks with industry bodies; move is aimed at controlling jewellers' default, building lender's confidence as well