Group of Seven nations have agreed to ban Russian diamond imports from the start of next year in the latest move to curb Russia’s ability to fund its invasion of Ukraine. While the G-7 and its European allies have been trying to find additional ways to squeeze Russia’s economy to constrain its ability to fund…
Tanishq, an Indian jewellery brand, has opened its store here and in Frisco as part of its global business expansion strategy and to cater to the growing needs of the Indian diaspora in the US. The US state of Texas, with the second largest Indian Diaspora, is now home to two of Tanishq’s stores, one…
Representative image New Delhi: Jewellery retailers reported modest YoY growth in sales during Dhanteras, which is the most promising and in-demand period of the year. The slowdown comes due to inflation, fluctuating gold prices, and unseasonal rains on the day of Dhanteras. Pre-Dhanteras, jewellers shared a cautiously optimistic sentiment for the festive sales. Last year,…
Ajoy Chawla, CEO Jewellery Division, Titan Company New Delhi: Despite high gold prices, jewellery retailer Titan which owns brands such as Tanishq, Caratlane, Mia by Tanishq, and Zoya is optimistic about festive season sales, said a top official of the company. Talking to ETRetail, Ajoy Chawla, CEO – jewellery division, Titan Company said, “We are…
Siddharth Dungarwal, Founder Snitch D2C fashion brand Snitch is investing approximately Rs 5 crore to expand its warehousing capacity by 1 lakh sq ft, Siddharth Dungarwal, founder, Snitch told ETRetail. At present, the fashion brand has an in-house warehouse spanning across 50,000 sq ft and an additional 50,000 sq ft warehouse with 3PL. “With this…
Representative Image BENGALURU – Indian jeweller Tribhovandas Bhimji Zaveri reported a near 65% rise in second-quarter profit on Monday, buoyed by lower expenses and strong diamond demand. The company said its consolidated net profit rose to 90.1 million Indian rupees ($1.08 million) for the quarter ended September 30, from 54.7 million rupees a year earlier….
Representative image Tanishq, a jewellery brand from the Tata Group, plans to have 50 boutiques globally over the long term, said Kuruvilla Markose, the CEO of Titan Company which manages the brand business, as it opened a boutique here on Saturday. Currently, Titan has 13 boutiques in the international market and is constantly scouting for…
New Delhi: Jewellery major Titan Company reported a 24 per cent yearly rise in its consolidated income to Rs 10,837 crore for the quarter that ended September 30, 2023. A year ago, the company’s income stood at Rs 8,742 crore. Titan’s consolidated net profit for the period in review jumped by 9.7 per cent YoY…
New Delhi: Jewellery retailer Senco Gold & Diamonds has achieved the milestone of 150 showrooms nationally with the opening of 2 new showrooms in Kolkata, the company said in a press release on Friday. The jewellery chain inaugurated its two new showrooms in Kankurgachi and Hatibagan, Kolkata, in the presence of their brand ambassador, Bollywood…
Representative image. Over century-old noted jewellery retailer Vummidi Bangaru Jewellers has forayed into the United States market with the launch of a new store in Dallas, the company said on Wednesday. Over the next three years, the company has planned to strengthen its presence with three more stores in the US and eight in Tamil…
