Page 2 - Jewellery

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

India may become biggest natural diamond market: De Beers Group CEO

What we see at the moment is that as Indian consumers become more independent, have more freedom, they're choosing to buy diamond jewellery as symbol of that independence and symbol of their success

Jewellery giant Titan to shine on margin gains, sales growth trajectory

The rise in jewellery sales was on the back of higher ticket sizes on account of a rise in prices of gold

Titan's managing director Venkataraman to retire by year end: CEO

Venkataraman joined the company in 1990 and rose to the top post in 2019, the same year Chawala took the helm at the jewellery division

Light-weight jewellery to drive gold demand this Akshaya Tritiya: Experts

With gold prices hovering near Rs 1 lakh per 10 grams, jewellers expect light-weight jewellery and other items to drive consumer demand this Akshaya Tritiya, which is considered an auspicious day to buy precious metals. Akshaya Tritiya, which is celebrated on the third day of bright half of Hindu calender month Vaisakha, falls on April 30 this year. "As we approach the auspicious occasion of Akshaya Tritiya, the gold market is buzzing with anticipation. Akshaya Tritiya holds immense cultural significance in India, traditionally marking a surge in gold purchases. This year, despite the elevated prices, we anticipate a healthy demand driven by light-weight items," All India Gem and Jewellery Domestic Council (GJC) chairman Rajesh Rokde told PTI. Gold on Friday traded weak at Rs 95,075 per 10 grams on MCX, as Comex gold continued to face resistance near the USD 3,330-an-ounce-mark. While some consumers might show initial hesitation, the enduring appeal of gold as a safe-haven asset a

PC Jeweller cuts 56% debt in FY25, to become debt-free by Mar FY26: MD

PC Jeweller Ltd has reduced bank loans by more than half to about Rs 1,800 crore this fiscal year and aims to become debt-free by March next year on better sales and fundraise, its MD Balram Garg said. PC Jeweller, which sells gold and silver jewellery, has 55 showrooms across 15 states. In September, Delhi-based PC Jeweller executed a settlement agreement with a consortium of 14 banks led by SBI to clear its outstanding loan, which stood at nearly Rs 4,100 crore as on March 31, 3024. "Our bank loans is expected to come down to Rs 1,775 crore at the end of the current fiscal. We are targeting to further reduce our bank loans and become debt free by March 2026," Garg told PTI in an interview. He said the company will get more than Rs 1,500 crore in the next fiscal from investors as proceeds against preferential issue of warrants and the same will be utilised to clear bank loans. In October last year, the preferential issue of fully convertible warrants amounting to Rs 2,702.11 crore

BS Manthan: Can India create an LVMH? Julien Tornare says innovation is key

He said that like Swiss watches, known for their craftsmanship, India has a rich tradition of exquisite craftsmanship, whether in textiles or jewellery

Romancing the stone: Bespoke, timeless jewellery trends for brides & grooms

Bespoke jewellery, antique or with a modern twist, that is both timeless and versatile is the flavour of the season for brides and grooms, writes Asmita Aggarwal

PC Jeweller Q3 results: Net profit at Rs 148 cr on strong festive demand

The company posted a consolidated net profit of Rs 148 crore in the quarter ending Dec. 31, compared with a loss of Rs 198 crore a year earlier and a profit of Rs 179 crore in previous quarter

Titan Q3FY25 results: Net profit falls to Rs 1,047 crore, sales up 26%

The company reported a profit of Rs 1,047 crore ($120.23 million) in the quarter ended Dec. 31, compared to Rs 1,053 crore a year ago

Kalyan Jewellers Q3 results: Net profit jumps 21.23% to Rs 218.68 cr

Kalyan Jewellers on Thursday posted a 21.23 per cent jump in consolidated net profit to Rs 218.68 crore for the third quarter of the 2024-25 fiscal on robust sales. The company had reported a net profit of Rs 180.37 crore in the year-ago. Total income increased by 40 per cent to Rs 7,318.19 crore during the December quarter of the 2024-25 fiscal, from Rs 5,243.20 crore in the year-ago period. Expenses remained higher at Rs 7024.63 crore from Rs 5,004.65 crore in the said period. Kalyan Jewellers India Executive Director Ramesh Kalyanaraman said: We are extremely excited with the way the current year has progressed. The current quarter has started off well despite the volatility in gold prices. We are upbeat about the ongoing wedding season and expect to end the financial year on a strong note." The company is on track for the launch of 30 Kalyan showrooms and 15 Candere showrooms in India during the current quarter, he added.

Jewellery show IIJS to generate Rs 30k-35k cr business: GJEPC chief

The India International Jewellery Show (IIJS) Signature will be able to generate business worth Rs 30,000-35,000 crore this year, Gem & Jewellery Export Promotion Council (GJEPC) Chairman Vipul Shah said on Saturday. Speaking at the first day of IIJS Signature, he said the council is hopeful that all its 2025-26 Budget expectations will be met, including the demand for budgetary allocation for consumer education, among others. Earlier, Maharashtra Minister for Tourism and Skill Development and Entrepreneurship Mangal Prasad Lodha, along with Shah and other industry stalwarts, inaugurated one of the world's largest gem and jewellery B2B show IIJS Signature 2025 at the Jio World Convention Centre here. The same show will also be hosted at another venue Bombay Exhibition Centre, Nesco Grounds in the western Goregaon Suburb from Sunday. The show will have 3,400 stalls and over 1,700 exhibitors, along with international buyers from some 60 countries. "Normally, we expect business from

Titan's Taneira looks to expand market share with focus on metro cities

Taneira will close FY25 with 85 stores and plans to open 15-20 stores every year to take the total count to 125 by FY27

Titan's Zoya plans 20 luxury jewellery stores in the next 3 to 4 years

Launched about 15 years ago, much of Zoya's expansion outside Mumbai and Delhi has occurred in the last three to four years. Around Covid-19 in 2020, it forayed into Bengaluru

Uttar Pradesh government aims to sparkle in gems and jewellery sector

Unveils blueprint to position UP as a hub for jewellery trade and exports

4.8 mn weddings boost business for jewellery, apparel, auto, and hotels

This season has created a ripple effect, turning what might have been a sluggish year for many businesses into one of strong recovery

Jewellery brand Giva's revenue rises 66% in FY24, to Rs 273.6 crore

The cost of procurement of metals increased by over 53 per cent to Rs 115 crore in FY24

Gems, jewellery exports rise 9.18% in Oct on high diamond demand: GJEPC

India's gems and jewellery exports grew by 9.18 per cent to USD 2,998.04 million (Rs 25,194.41 crore) in October due to revival in demand for cut and polished diamond, the Gem and Jewellery Export Promotion Council (GJEPC) said on Friday. The overall exports stood at USD 2,746.09 million (Rs 22,857.16 crore) during the corresponding period of previous year, GJEPC said in a statement. CPD (cut and polished diamond) exports went up by 11.32 per cent during October this year to USD 1,403.59 million (Rs 11,795.83 crore) from USD 1,260.91 million (Rs 10,495.06 crore) recorded in the same month a year ago. "This is a welcome relief for our industry, as we've experienced export growth of 9.18 per cent in October. Notably, the export of cut and polished diamond grew 11.32 per cent compared to October 2023. We are optimistic that this trend will continue, especially with the approaching holiday season in the West, which will likely drive further demand for gems and jewellery. Furthermore, t

Dhanteras begins on slow note; jewellers expect footfalls to rise

Dhanteras has begun on a slow note and jewellers expect footfalls to pick up and sales to increase even as the high gold price is likely to dampen the festive demand for the yellow metal. "Being a weekday we are seeing few footfalls in the morning hours as people are going to attend office. However, we are expecting the rush from afternoon, that is 2-2.30 pm, till late evening," All India Gem And Jewellery Domestic Council chairman Saiyam Mehra told PTI. He said, volume-wise sales will be impacted due to the ruling high gold prices and expect to do business either 5 per cent lower than last year or same as last year this Dhanteras, which is considered an auspicious day for purchasing precious metals, gold and silver jewellery. "We are expecting 20 tonnes of sales this Dhanteras, which is the same as last year, however, higher gold prices may impact the sales," he added. Gold prices fell Rs 400 to Rs 81,100 per 10 grams in the national capital on Monday. The precious metal of 99.9 p

Jewellers' body pushes for standardisation of gold rates across India

The All India Gem and Jewellery Domestic Council (GJC) announced Tuesday it is working to implement 'One Nation One Gold Rate', aiming to standardize domestic gold prices that currently vary across different regions of the country. "We import gold at the same rate, but the domestic retail prices differ from one city to another. We want a single rate to prevail across the country," GJC Secretary Mitesh Dhorda said at the launch of 'Lucky Lakshmi', a revamped annual gold festival running from October 22 to December 9. The council, which has already conducted over 50 meetings with its members, has managed to bring up to 8,000 jewellers on board for this initiative. While a representation has been made to the government, the GJC is currently focused on convincing the industry stakeholders. "We are already providing a recommended rate through WhatsApp broadcast groups to our members. Our target is to reach at least 4-5 lakh jewellers step by step," Dhorda said, adding that implementatio