Omnichannel jewellery retailer Bluestone is in talks to raise around $100 million in a pre-IPO round at a likely valuation of more than $1 billion, catapulting the startup to the unicorn club, three people aware of the matter said. This would be more than double its previous valuation of around $450 million in September 2023,…
Spot gold tested a new lifetime high last week due to a combination of factors that have converged to propel the demand for the yellow metal. Multiple catalysts like US rate cut speculation, China’s economic stimulus, and renewed geopolitical tensions attributed to the rise in prices. Prices on the London spot market surged near to…
India‘s gold imports in 2024 could fall by nearly a fifth from the previous year, as record high prices spur retail consumers to exchange old jewellery for new items, the head of an industry body told Reuters. Lower imports by India, the world’s second biggest consumer of the precious metal, could cap a rally that…
NEW DELHI: Kangana Ranaut, BJP‘s Lok Sabha candidate from Himachal’s Mandi, has declared a total asset of Rs 91.65 crore in her nomination papers.According to the poll papers, Kangana has investments in jewellery, which includes 6.70 kg gold worth Rs 5 crore, 15-carat diamonds worth Rs 3 crore and 60 silver valued Rs 50 lakh….
Physical gold demand in India remained subdued this week despite a slight correction in prices as buyers awaited an even bigger drop, while Chinese premiums slipped for the second straight week due to sluggish holiday demand. In India, the world’s second-largest gold consumer and a major importer, domestic prices fell to around 70,500 rupees per…
Representative image Chennai: Jewellery brand Mia by Tanishq from the diversified conglomerate Tata Group has inaugurated four new stores in Tamil Nadu under its expansion exercise, the company said on Friday. Marking the inaugural, the brand has offered discounts of up to 20 per cent on Mia’s range of products till May 5. The company…
New Delhi: India‘s gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand. India’s gold demand…
NEW DELHI: Congress president Mallikarjun Kharge on Wednesday responded to Prime Minister Narendra Modi’s ‘mangalsutra‘ remarks, questioning ‘what sacrifice has any BJP-RSS leader made for the country.’Kharge highlighted the contributions of former Prime Minister Indira Gandhi, who donated her jewellery during the 1962 India-China war, and the sacrifices made by Pandit Motilal Nehru and Pandit…
Representative Image Gems and jewellery exports declined by 12.17 per cent to Rs 2,65,187.95 crore (USD 32,022.08 million) during 2023-24, compared to the previous financial year due to high interest rates in the US and slow recovery in China, Gem and Jewellery Export Promotion Council (GJEPC) data showed. Gems and jewellery exports in FY23 stood…
Ravi Malani, COO and Co Founder, Zavya Zavya, a jewellery brand, has announced the appointment of former Snapdeal senior leadership team member, Ravi Malani, as its new co-founder. Ravi Malani, co-founder of Zavya, said in a statement, “I’m thrilled to become a part of Zavya’s goal of fabricating everyday fine jewellery accessible and elegant for…
