Budget 2024: GJEPC suggests safe harbour for sale of rough diamonds in Special Notified Zones – ET Retail

The Gem & Jewellery Export Promotion Council (GJEPC) has suggested in its pre-budget representation that the Centre should introduce Safe harbour for the sale of rough diamonds in Special Notified Zones (SNZs) so that India can become a trading hub like Dubai and Belgium. This means that Indian diamond manufacturers will not have to travel…

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Senco becomes first Indian jewellery brand to join ONDC Network – ET Retail

Senco Gold and Diamonds Kolkata-based Senco Gold & Diamonds on Friday announced that it has become the first Indian jewellery brand to join Open Network for Digital Commerce (ONDC) Network. Through this maiden integration, Senco Gold and Diamonds extensive catalogue will be available across various shopping apps within the expanding ONDC Network, facilitating smooth and…

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Birkenstock Q4 Results: Company beats revenue expectations on strong demand – ET Retail

Birkenstock beat analysts’ expectations for fourth-quarter sales and forecast annual revenue above estimates on Thursday, in the German luxury sandal maker‘s first results since going public, betting on higher pricing and strong demand. The company’s sandals and clogs retail for as much as $350 a pair, and the strong results follow signs of ebbing global…

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Michael Burke named LVMH Fashion Group chairman and CEO – ET Retail

Michael Burke PARIS: LVMH veteran executive Michael Burke has been appointed chairman and chief executive of LVMH Fashion Group, overseeing the luxury goods group’s fashion labels, it said on Thursday. Burke – chairman and CEO Bernard Arnault’s longest-serving lieutenant – replaces long-time Fashion Group head Sidney Toledano, who was named advisor to Arnault and will…

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