Representative Image Mumbai | Kolkata: A quaint and simple Japanese engagement ceremony was dramatically transformed in the late 60s when DeBeers, the dominant cartel of the day, sold the idea of a diamond ring to young Japanese riding the post-war prosperity. A campaign waged by a group that was criticised amid the anti-apartheid wave, altered…
Kolkata: Lightweight jewellery, along with gold and silver coins, accounted for the bulk of the demand on Akshaya Tritiya this year, according to industry executives, as gold prices hovered about 20% higher year-on-year for the day that is considered auspicious to buy gold. Market leader Tanishq said it expects up to 20% year-on-year increase in…
The glittering storefronts of jewellery shops are fast becoming a prominent feature in shopping malls in India underscoring a shift in consumer preference towards established retailers. Each mall currently has about 8-10 jewellery stores, up from just one or two in 2021. These stores now occupy nearly 5% of total mall space, up from just…
Representative Image Gold rallied to a record high of Rs 71,080 per 10 gram on Monday, crimping demand for jewellery a day ahead of a Hindu festival considered auspicious for gold purchases. Price of the yellow metal rose 1.72% or Rs 1,198 per 10 gm from last Friday. Rising prices of precious metals come ahead…
Representative image Kolkata: Large jewellery chains such as Kalyan Jewellers, Tanishq, Malabar Gold & Diamonds, Joyalukkas and Senco Gold are staying away from lab-grown diamonds (LGDs) citing low demand and an aversion to mixing them with natural stones at counters. Nonetheless, the buzz over such stones – much cheaper than natural diamonds and indistinguishable from…
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,…
Representative Image Jewellery brands are scrambling to get new celebrity endorsements, both at the national and regional level, sparking a spike in celebrity fees and stringent terms and conditions. But the demand is skewed in favour of glamour icons. A senior executive of a prominent jewellery brand, asking not to be identified, said the asking…
Representative image. New Delhi: Jewellery retailer Joyalukkas is aiming to increase its India revenue to Rs 17,500 crore by the end of the financial year 2024, shared a top official of the company. Talking to ETRetail, Joy Alukkas, Chairman and MD, Joyalukkas India said that the jewellery chain is eyeing a 20 per cent YoY…
