All India Gem And Jewellery Domestic Council (GJC) is not in favor of banning the import of rough natural diamonds until December 15, a top official said. The GJC board will meet to deliberate on the issue in order to prevent a hardening of the price of the precious stone in the domestic market ahead…
Israel’s Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip The Israel-Hamas conflict is expected to impact the trade of gems and jewellery between India and Israel, exporters said on Monday. Colin Shah, MD, Kama Jewelry, said the war can “adversely” impact Indian exports to Israel. Total gems and jewellery trade between India…
Back in January 2023, one supercar called the ‘Mada 9’ went viral, not for its cutting-edge design or high-performance engine but for being built in Taliban-occupied Afghanistan. At the time, it was revealed that Kabul-based car design studio ENTOP, was behind the first supercar from the country. Images and videos of the supercar being unveiled…
Kolkata: As the escalating Israel-Palestine conflict pushes up gold prices, jewellers see consumers selling their gold holdings in the upcoming festival season to buy new ornaments in a bid to gain from the spike in prices. Gold prices in India have jumped by ₹874 per 10 gm to touch ₹ 57,415/10 gm after the Palestinian…
NEW DELHI: India’s fielding coach, T Dilip, showered high praise on Virat Kohli for his spectacular catch during India’s opening clash in the ODI World Cup 2023 against Australia on Sunday at the MA Chidambaram Stadium in Chennai.In a remarkable display of athleticism, Kohli executed a sensational dive to his non-dominant side, securing a breathtaking…
Representative Image New Delhi: Jewellery retailer BlueStone will use the majority of its recently raised funds to expand its footprint across the country, the company’s founder and CEO, Gaurav Singh Kushwaha told ETRetail. The company currently has around 178 stores across the country, as compared to 155 stores at the end of last year. As…
Gold prices rose more than 1% on Monday as the military conflict between Israeli forces and Palestinian Islamist group Hamas raised political uncertainty in the Middle East, prompting safe-haven buying of investments like bullion. Israel pounded the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for one of the bloodiest attacks…
Amar Nagaram, founder and CEO, Virgio Within a year of having raised $37 million at a $160 million valuation, Virgio, a fashion startup set up by former Myntra chief executive Amar Nagaram, is shutting its fast fashion business. With about $25 million left in the bank, the firm has been eyeing a pivot for the…
Birkenstock Holding Ltd has secured enough commitments from investors to price its U.S. initial public offering (IPO) at the top of its indicated range and attain a $10 billion valuation, according to people familiar with the matter. The German premium footwear company will make a final decision on pricing its IPO at the top of…
Representative image. New Delhi: Jewellery retailer Joyalukkas is aiming to increase its India revenue to Rs 17,500 crore by the end of the financial year 2024, shared a top official of the company. Talking to ETRetail, Joy Alukkas, Chairman and MD, Joyalukkas India said that the jewellery chain is eyeing a 20 per cent YoY…
