New Delhi: Luxury brand Jaipur Watch Company has forayed into women’s watches with the launch of its new collection ‘Brides of Jaipur.’ “We realised we were missing 50% of the market. This propelled our foray into the women’s segment,” commented Gaurav Mehta, Founder, Jaipur Watch Company. Mehta expects the new collection, with an average selling…
Representative image Mumbai: Trisu, a jewellery brand, has completed its first pre-seed funding round, led by early-stage venture capital firm All In Capital. JK Tyres, Amaanta Group, and angel investors Himanshu Aggarwal and Sumer Sethi also participated in the round. “With this funding, we aim to disrupt India’s $80 billion jewellery market with unique vermeil…
Representative Image After the sharp reduction in import duty announced in the Union Budget, the revenues of organised gold jewellery retailers will increase 22-25 per cent this fiscal (year-on-year) – a solid 500-600 basis points (bps) more than the 17-19 per cent expected earlier, a report showed on Monday. The incremental growth will be driven…
Representative Image Indian jewellery brand Malabar Gold & Diamonds announced that it will launch 20 new showrooms in October across India, the GCC countries, and the USA, bringing the total number of showrooms worldwide to 375, the company informed in a media release. “Currently, Malabar Gold & Diamonds operates 355 showrooms across 13 countries. In…
The World Gold Council (WGC) has raised its projection for India‘s gold consumption in 2024 to 850 tonnes from 750 tonnes. A good monsoon coupled with a duty cut on gold will drive the demand, said John Reade, market strategist-Europe and Asia, World Gold Council. “Jewellery will drive this higher demand of gold in India…
Zoya, the luxury jewellery brand from the House of Tata, recently opened its 11th store in Chennai. The brand plans to take the total store count to 15 by the end of this fiscal year. The brand believes that it is well positioned for strong growth and expansion. “In the next 5-10 years, there will…
NEW DELHI: Think tank Global Trade Research Initiative (GTRI) on Friday suggested a withdrawal of duty concessions on platinum, silver, diamonds, gold jewellery, and tweaking the rules of origin norms in the India-UAE Comprehensive Economic Partnership Agreement (CEPA), which was implemented on May 1, 2022. Alleging that there is a potential misuse of the rules…
New Delhi: Leading jewellery retailer and watchmaker Titan on Friday reported a 5.42 per cent decline in its consolidated net profit to Rs 715 crore for the quarter ended on June 2024. The company posted a net profit of Rs 756 crore in the April-June quarter a year ago. However, its sales were up 12.64…
Kalyan Jewellers recently reported a 23.6 per cent YoY rise in its net profit at Rs 177.8 crore for Q1FY25. At the operating level, EBITDA of the company increased 16.5 per cent to Rs 376.1 crore in the first quarter of this fiscal over Rs 322.8 crore in the year-ago period. The EBITDA margin stood…
New Delhi: P N Gadgil Jewellers Limited, a jewellery player in Maharashtra, on Tuesday has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The company’s initial public offering comprises a fresh issue of equity shares of the face value of Rs 10 each aggregating up…
