Representative image India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said. India, home to 90% of the world’s diamond cutting and polishing industry, is critical to the implementation of…
Representative image New Delhi: Japanese sportswear brand, ASICS plans to expand into the Indian market with the addition of 50 new stores by 2025, the company said in a press release on Wednesday. Asics India has recently launched its 100th store in India and plans to open its first mono-brand store in 2026. “India is…
Mumbai: Malabar Gold & Diamonds, a leading jewellery retailer, partners with Rand Refinery, one of the world’s foremost gold and silver refiners, to source 100% traceable ‘RandPure’ gold. Malabar Gold & Diamonds, MD – International Operations, Shamlal Ahamed, received the first shipment of 100% traceable and ethically sourced, ‘RandPure’ gold from Praveen Baijnath (CEO –…
Representative image After a lull of eight months, the domestic diamond trade is witnessing early signs of recovery as US consumers have started buying solitaires of more than one carat, helping revive the market which accounts for more than half of India’s diamond exports. “Natural diamond jewellery sales were up 5.1% by units and 4.7%…
Tokyo: A second-hand pop-up store in Tokyo by casual clothing giant Uniqlo was a first for the Japanese firm, but also a sign that a local aversion to used garments may finally be fading. Uniqlo is a major player in an industry blamed for immense carbon emissions and other pollutants like microplastics. It has ridden…
Representative image UK fashion retailer Superdry warned of a hit to annual profit on Tuesday, as unusually warm weather hurt sales of its autumn/winter collection and consumers curb spending amid a cost-of-living squeeze. Shares in the company, known for its jackets and clothing inspired by American vintage styles and Japanese-inspired graphics, fell as much as…
The premium footwear industry selling designer, luxury labels and high-end sports shoes is in turmoil as manufacturers say consumers may not be able to buy the new spring-summer season launches. The footwear could go off retail shelves in the next few months as the Bureau of Indian Standards (BIS) has not certified their factories in…
NEW DELHI: The opposition bloc INDIA (Indian National Developmental Inclusive Alliance) is set to convene a crucial meeting in New Delhi on Tuesday. This gathering is pivotal as it focuses on firming up strategies for the 2024 Lok Sabha elections. Top on the agenda are discussions on seat sharing, crafting a joint campaign blueprint, and…
Narendra Modi, PM India MUMBAI: India‘s Surat diamond bourse will create 150,000 new jobs and become a “one-stop shop” for artisans and businessmen, Prime Minister Narendra Modi said as he inaugurated the new bourse in Gujarat. Surat, in Gujarat state, where Modi originally hails from, cuts and polishes 90% of world’s rough diamonds and the…
NEW DELHI: Union communications minister Ashwini Vaishnaw on Monday introduced the Telecommunications Bill, 2023 in the Lok Sabha. The bill seeks to replace the 138-year-old Indian Telegraph Act that governs the telecom sector. The Cabinet had cleared the bill in August.Here’s what the bill proposes:* The draft Telecommunications Bill has been introduced to create a…
