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…
Representative image Chennai: Jewellery brand Mia by Tanishq from the diversified conglomerate Tata Group has inaugurated four new stores in Tamil Nadu under its expansion exercise, the company said on Friday. Marking the inaugural, the brand has offered discounts of up to 20 per cent on Mia’s range of products till May 5. The company…
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…
Mumbai: BlueStone Jewellery, an online-first jeweller backed by Ratan Tata, plans to raise around ₹2,000 crore through an IPO, people familiar with the matter said. The startup is seeking pitches from investment bankers to underwrite and market the IPO that is likely to involve diluting a 10-15% stake, comprising a fresh issue of shares and…
Consumer discretionary major Titan on Thursday reported a 9% year-on-year (YoY) growth in its standalone net profit at Rs 1,040 crore in the third quarter. It was Rs 951 crore a year ago. The profit figure was lower than ET NOW poll estimate of Rs 1,159 crore. Revenue from operations jumped 20% YoY to Rs…
Representative image Direct to consumer fashion jewellery brand Salty has raised Rs 5.4 crore in funding in a seed round led by All in Capital and Anicut Capital. Other strategic investors participating in the round are Suashish Diamonds, JK Group, among other angel investors. Founded in 2022 by Sonaal Goel, Twishaa Gupta, and Kanishka Garg,…
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 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 Jewellers say minimalistic and everyday jewellery is stealing the spotlight this Dhanteras as prices of gold remain high compared to last Dhanteras. Price of gold is up by Rs 9,000 per 10 gm compared to the last Dhanteras and is hovering around Rs 60,400 per 10 gm. Ajoy Chawla, CEO, Tanishq said “Over…
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…
