Page 4 - Jewellery Sale

Dull gold: Jewellery industry losing sheen for lack of policy, innovations

The lack of a coherent policy and the unwillingness of Indian jewellers to reform are tarnishing the industry

Higher prices may dampen Diwali for jewellers, sales may drop by 30%

The jewellery industry is looking at a dark Dhanteras and Diwali as it expects sales to decline at least 30 percent over last year in spite of the ongoing price corrections. The industry's only hope is in falling prices, which had scaled a record of Rs 4,000 a gram last month, to get better footfalls. Currently, the metal is trading at around Rs 3,800 to a gram. In 2018, the industry managed to close with flat sales over 2017 Diwali season. "Gold prices have soared to Rs 40,000 per 10 gram last month, just in the beginning of the festival season and still remains high. This has further dampened the already weak consumer sentiment. "But if prices continue to correct during this week there may be some improvement in retail demand. However, the overall business will still be 30 percent lower than last year," All-India Gem & Jewellery Domestic Council chairman Anantha Padmanaban told PTI on Tuesday. World Gold Council managing director for India Somasundaram PR said ..

Titan plunges 10% as analysts de-rate stock following weak Q2 results

Titan cut growth guidance for H2FY20 to 11-13%, from 20%, on account of weak outlook for the jewellery business

Buy gold via regulated products, ensure it gets allotted in your name

So long as a jeweller uses customers' money to meet his working capital needs, there is usually no problem

Economic slowdown hit jewellery and apparel sales this Diwali: Report

The average value of card transactions in the two affected segments dipped in the days leading to Diwali, according to the data released by transaction processing company, Worldline

Advance orders for delivery add sparkle to jewellery sales this Dhanteras

Most jewellers have also posted a sharp increase in lightweight gold jewellery sales for gifting and diamond ornaments for wedding and self-consumption

Slowdown impact: Gold, silver sales down by up to 40% this Dhanteras

Dhanteras was a muted affair in most markets across the country with traders complaining of lesser footfall and reduced consumer spending

Gem, jewellery exports fall 11.24% on US, China trade war and poor demand

The sector's gross exports declined by 9.32 per cent to $12.15 billion between April and July compared to $13.39 billion during the same period last year, according to data

Jewellers return to unorganised sector, hurt by high taxes on imported gold

Jewellers see better business sense in the grey market

Akshaya Tritiya: Despite gold at Rs 32k, jewellers see 20% growth in sales

Kalyan Jewellers Chairman and Managing Director T S Kalyanaraman said, "On this Akshaya Tritiya, we expect to see customers returning to the eternal value of gold"