Representative image. Bharat Ratnam Mega CFC (Common Facility Centre) at the SEEPZ SEZ in Mumbai, which was inaugurated by Prime Minister Narendra Modi on Friday, will drive gem and jewellery exports from the country. This project aims to create a world-class infrastructure for promoting the inherent skills of the gems and jewellery manufacturing industry. The…
Danish jewellery maker Pandora said on Sunday its revenue growth and earnings in 2023 had exceeded the group’s expectation, lifted by strong demand and “solid profitability” in the final months of the year. The company, known for its bracelets and charms, said organic sales grew by 12% year-on-year in the October-December period, lifting annual growth…
New Delhi: Kalyan Jewellers on Friday said it will open its 250th showroom in Ayodhya, Uttar Pradesh, in the current quarter. In a regulatory filing, the Kerala-based jewellery firm said it plans to open additional 30 showrooms in the ongoing fourth quarter of 2023-24 fiscal in India and the Middle East. Of the 30 showrooms,…
Piyush Goyal, commerce and industry minister India has the potential to become the world’s largest gems and jewellery exporter, commerce and industry minister Piyush Goyal said at the inaugural event of the five-day India International Jewellery Show on Thursday. The country can be a proficient lab-grown diamond maker, impeccable design centre and technologically advanced machinery…
Representative image New Delhi: In a captivating economic narrative, India‘s gold market finds itself at a pivotal juncture, delicately manoeuvring through the interplay of age-old traditions and modern financial evolution. An in-depth econometric analysis sheds light on the intricate web of factors influencing the dynamics of one of the world’s largest gold-consuming nations. India, now…
Jaipur: The garment manufacturers in Rajasthan have urged the industries department to recognise their sector in the one-district-one-product (ODOP) category and extend benefits like Uttar Pradesh and other states are giving. Currently, the department has included the gem and jewellery sector in the ODOP even though it is yet to announce the benefits. The objective…
Representative image New Delhi: The domestic jewellery retail industry is projected to grow at a yearly rate of 10-12 per cent in FY2024, said ICRA in a note revising its previous forecast of 8-10 per cent growth. The revised growth is mainly driven by the jump in gold prices. In H1 FY2024, jewellery consumption is…
Mumbai: Malabar Gold & Diamonds, a leading jewellery retailer, partners with Rand Refinery, one of the world’s foremost gold and silver refiners, to source 100% traceable ‘RandPure’ gold. Malabar Gold & Diamonds, MD – International Operations, Shamlal Ahamed, received the first shipment of 100% traceable and ethically sourced, ‘RandPure’ gold from Praveen Baijnath (CEO –…
Narendra Modi, PM India MUMBAI: India‘s Surat diamond bourse will create 150,000 new jobs and become a “one-stop shop” for artisans and businessmen, Prime Minister Narendra Modi said as he inaugurated the new bourse in Gujarat. Surat, in Gujarat state, where Modi originally hails from, cuts and polishes 90% of world’s rough diamonds and the…
Representative image New Delhi:Motisons Jewellers, a Jaipur-based retail jeweller company, on Friday said it has raised a little over Rs 36 crore from anchor investors days before its maiden public issue. The company has allotted 66 lakh equity shares to two funds at Rs 55 apiece — the upper end of the price band, according…
