Mumbai: The Gem & Jewellery Export Promotion Council (Gjepc) on Tuesday entered into a partnership with the De Beers Group to strengthen the support for natural diamonds within the Indian gem and jewellery trade. The collaboration titled, INDRA – Indian Natural Diamond Retailer Alliance, will focus on supporting independent retailers in India with tools that…
Representative image On Friday, the World Gold Council (WGC) said that the rural purchase of gold this festive season will provide fresh momentum to gold demand in the country. WGC has earlier revised the demand for gold this year to 850 tonnes from 750 tonnes. “Rural consumption demand has been showing signs of improvement and…
Lalit Agarwal, Founder & MD, V-Mart Retail, says the company is still a little away from the pre-COVID numbers on the same store sales. The company has taken some steps to provide the consumer the best fashion, the best product, the best prices and is working on bringing down the average selling price also and…
Mumbai: Kalyan Jewellers on Friday reported a 97 per cent growth in consolidated profit after tax (PAT) to Rs 137.49 crore during the March quarter. The jewellery retailer’s PAT stood at Rs 69.79 crore in the year-ago period, Kalyan Jewellers said in a regulatory filing. Consolidated revenue from operations of the company grew 34 per…
Elevated prices, fewer weddings and election-related restrictions will likely impact consumer demand of gold, according to World Gold Council (WGC). However, any price stability ahead of Akshaya Tritiya could provide some respite, said Kavita Chacko – Research Head, India of WGC. At the same time, gold’s continued strong performance this year could encourage investment demand,…
Shailesh Chaturvedi, MD & CEO, Arvind Fashions Shailesh Chaturvedi, MD & CEO, Arvind Fashions, says “the markets are behaving the way they were behaving in Q3 and we hope that we will continue to grow our offline channel at close to 10% growth. We have done a destocking in our B2B online wholesale business and…
LONDON- British clothing retailer Next on Wednesday raised its full-year profit outlook for the fourth time in six months as it reported better-than-expected sales in a third quarter heavily impacted by variable weather. The group, which trades from about 460 stores in the UK and Ireland and has an online presence in over 70 countries,…
