The jewellery business witnessed around 15 per cent growth for the 30-day festive season starting from Dussehra till Diwali over the corresponding period last year.
During Diwali, you should invest or gift an asset that grows in value
Jewellery retailer Malabar Gold and Diamonds on Friday said the company is planning to invest Rs 240 crore to open nine stores in India and other countries.
The company is working on material innovations which will enable it to create the same designs with lower weights
Hit hard by the Covid-19 pandemic, bullion traders here have decided to sell their jewellery products through websites and apps also
Expectations of margin pressure, mainly in jewellery business, which contributes over 80% of Titan's overall operating profit, is a key reason why the Street is worried.
Company says Covid-19 situation to adversely affect profitability during the first half of this year
Retailes in Delhi NCR fix non-hallmarked buying price at Rs 36,000 per 10 grams
Zero making charges may not work any more; store sales to be impacted as consumers buy online
The industry would like to commence operations at the earliest to avoid cancellation of pending orders
As many as 1,005 rural and 1,280 urban investors were surveyed
Likelihood of customers coming to sell their own gold holdings when stores open adds to their worries
The first and second generation had only one member each but the third generation had three members and that was fundamental to success
Better jewellery product mix led to sales rise, gold price trend will be key hereon
The Centre also expects the jewellery industry to generate additional employment of 2 million, Rupa Dutta, Economic Advisor, Ministry of Commerce, said
Preliminary discussions have taken place, said an informed source. Aadhaar is considered better for this purpose than the idea of a PAN (income tax) number
The decline in gold imports has helped in narrowing the country's trade deficit to $106.84 billion during the eight-month period
In the past, and even to some extent today, silver jewellery used to be an accurate indicator of a family's creditworthiness
He also asked the industry to follow legal practices such as doing digital transactions to enhance the integrity of the sector
The move is expected to help genuine exporters who were hit by govt restrictions on the advanced authorisation scheme