Kolkata: Gold came under pressure in India Thursday morning, but reversed the trend in the afternoon after international prices rose by $18 a troy ounce as the market felt the impact of the first interest rate cut by the US Federal Reserve in more than four years. Prices moved up to Rs 73,450 per 10…
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…
Representative image KOLKATA: The wedding season currently underway and the festive season late last year have combined to push up demand for gold in Kolkata by almost 20%. According to associations of jewellers and individual brands, the surge this season has been the best, not only after the pandemic but also in the last one…
Representative Image Mumbai: Malabar Gold & Diamonds and four other jewellery firms along with fashion accessory maker Titan have joined the global rank of top-100 luxury brands. Malabar Gold led the domestic contingent, claiming 19th rank as the top Indian international jewellery brand, followed by Tata group entity Titan Company which secured the 24th position….
Senco Gold and Diamonds Kolkata-based Senco Gold & Diamonds on Friday announced that it has become the first Indian jewellery brand to join Open Network for Digital Commerce (ONDC) Network. Through this maiden integration, Senco Gold and Diamonds extensive catalogue will be available across various shopping apps within the expanding ONDC Network, facilitating smooth and…
Representative image Driven by a fall in gold prices and higher customer engagement, listed jewellery company Senco Gold & Diamonds has witnessed an increase of 36 percent in its net profit to Rs 11.9 crore in the second quarter of FY24 as compared to Q2 of FY23. The revenues from operations grew by 26 per…
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…
KOLKATA: Prices of certified polished diamonds have fallen month-on-month by a whopping 35% during Dussehra compared to last year’s Navratri-Dussehra period. The drop has now reached a level where certain categories of diamonds have touched 2004 prices. A combination of factors like the Russia-Ukraine war, recession in the US and China, and the growing popularity…
Representative image. Kolkata: Sales of solitaire diamonds of 1 carat and above have picked up in India‘s top cities after the pandemic, as weak demand in the western markets and a resultant drop in prices have made the precious stone more affordable for local buyers. Global diamond conglomerate De Beers as well as local chains…
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…
