Despite rocketing gold prices, Tata Group, which owns jewellery brands like Tanishq, Mia by Tanishq, Cartlane, and Zoya, expects the festive demand to continue to stay positive, Ajoy Chawla, CEO – jewellery division, Titan. He said the consumer sentiments are much higher as compared to the previous year as consumer’s interest in the gold has…
Representative Image Monthly instalment schemes floated by jewellers are keeping the gold demand alive for the retailers, with the amount received by them from consumers continuing to grow in corpus when overall gold demand remains weak. Market leader Tata-owned Tanishq has disclosed that monthly deposit at its stores has gone up by 10% year-on-year (yoy)…
New Delhi: Tanishq, a jewellery retailer from the Tata group, has partnered with global diamond company De Beers Group to promote and expand the natural diamond market in India, it said in a media release on Wednesday. This collaboration seeks to connect more Indian consumers with the rarity and preciousness of natural diamonds, leveraging a…
Representative Image The Aditya Birla Group, a conglomerate with business interests spanning metals and cement to financial services and fashion, is now entering jewellery sector where other big players are already present such as Tata Group with its Tanishq brand and Mukesh Abani’s Reliance with its Reliance Jewels, besides other national chains such as Kalyan…
New Delhi: Leading jewellery and watchmaker Titan on Friday said it clocked a standalone revenue growth of 9 per cent in the first quarter ended June 30, 2024. The Tata Group-managed firm added 61 stores during April-June FY25, taking its combined retail network presence to 3,096 stores. Its jewellery division, which contributes over three-fourths of…
Titan Company on Saturday said it is launching its jewellery brand Tanishq in Bangladesh as part of expansion plans in the international market. On Friday, the Tata Group-managed firm signed a JV agreement to this effect with Rhythm Group which will make Tanishq available across the Bangladesh market, according to a joint statement. The joint…
Zoya, the diamond boutique from the House of Tata, aims to grow at a CAGR of 30 per cent over the next 3 years, Ajoy Chawla, CEO – jewellery division, Titan told ETRetail. The brand, which has recently opened its 10th boutique store in Mumbai, has been growing at 40 per cent for the last…
Prices of Indian lab-grown diamonds (LGDs) have crashed by 45% in FY24 due to overproduction in the global markets. In FY24 global production of lab-grown diamonds stood at 40 million carats, which is almost 33% higher than FY23 production. Indian LGD exports have dropped by 18.2 % in April to $83.77 million in value terms…
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…
This Akshaya Tritiya, expectations of jewellers are high due to a marginal dip in gold prices compared to last month. In April, sales volume decreased by around 20 per cent, although there was an increase in gold consumption in value terms due to escalating gold prices. The jewellery retailers are expecting Akshaya Tritiya to boost…
