LONDON: Jewellery retailer Pandora raised its growth targets on Thursday, saying investments in the brand and store network were paying off, although it sounded a note of caution on China. Pandora’s shares jumped 5.9% in early trading after the company gave its updated outlook, ahead of a capital markets day in London on Thursday, and…
Lab-grown diamonds are set to acquire a new sparkle this festive season, amid growing acceptance among customers, according to industry executives. With the introduction of buyback schemes by manufacturers and expansion of the store network, up to 60% year-on-year growth is expected during this period, they said. Even high-net-worth individuals (HNIs) have taken a shine…
Spanish luxury porcelain brand Lladro, which has opened its second biggest store in the world in Delhi, plans to ramp up investment in India as it believes in the “future evolution” of the market, said its global chief executive officer, Ana Rodriguez. India accounts for 11% of Lladro’s global sales. The company generates 69% of…
The World Gold Council on Wednesday announced that its members, who represent the majority of the global large-scale gold mining industry, have committed to providing enhanced transparency in the gold supply chain. All 33 World Gold Council members with operating mines, who collectively produce 1,300 tonnes of gold per annum, have committed to publishing the…
Ahmedabad: Tata Group’s Titan Company plans to open nine new stores of its jewellery brand Tanishq in Gujarat in the coming months, taking the number of stores to 28 in the state by the end of this fiscal, a top company official said here on Friday.Moreover, the company is also planning to expand its overseas…
The government on Friday announced that the third phase of the mandatory hallmarking, as per the Hallmarking of Gold Jewellery and Gold Artefacts (Amendment) Order, 2022, will be implemented starting today. As per the official statement from the Ministry of Consumer Affairs, the third phase of the mandatory hallmarking will cover an additional 55 new…
The Gem and Jewellery Export Promotion Council (GJEPC) on Thursday said it has achieved a significant milestone by facilitating India’s first jewellery exports through courier mode from the country’s financial hub. This development is a significant leap forward in simplifying international trade and will further enhance the industry growth and open up new avenues for…
Mithun Sacheti, MD and CEO, Caratlane “There is a long runway in this. That long runway that we are going to see is what excites everybody who wants to play this category. So we have great governance, we are fast growing, we are profitable and profits are growing faster,” says Mithun Sacheti, MD & CEO,…
Chennai: Jewellery brand Mia by Tanishq from the diversified conglomerate Tata Group has stepped up its retail presence in Tamil Nadu with the setting up of four stores in the city. Each store spread across 3,350 sq ft offers a wide range of jewellery pieces of Mia in gold, diamond, and colour stones among others….
Avnish Anand, CEO, CaratLane Omni-channel jewellery retailer CaratLane on Friday appointed Avnish Anand as its new chief executive, roughly a week after the departure of its founder and CEO Mithun Sacheti. Anand was previously chief operating officer of the Tata Group-owned CaratLane and has been at the firm for more than 8 years. “Avnish… was…
