The Gem Jewellery Export Promotion Council (GJEPC) released data indicating a noteworthy 10.7% decrease in gems and jewellery exports during the month of May, amounting to Rs 22,693.41 crore (USD 2,755.90 million). Comparatively, the exports in May of the previous year stood at Rs 25,412.66 crore (USD 3,285.47 million).
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A recent study conducted by Crisil Ratings, analyzing the performance of 46 gold jewellery retailers, reveals promising prospects for the upcoming fiscal year. These retailers represent approximately 25% of the revenue generated by the organized jewellery sector, which constitutes slightly over one-third of the overall market. The remaining portion consists of the highly fragmented unorganized sector.
The recycling of gold jewellery in India is poised to reach a new high this year, potentially matching the record set in 2019, according to the World Gold Council. The increasing prices of gold in the domestic market have prompted
Indian Chamber of Commerce hosted the BIMSTEC Gems & Jewellery Forum that conducted a session about “Enhancing Cooperation in the Gems & Jewellery Sector “on Wednesday, 14th June at the Hyatt Regency, Kolkata.
BlueStone, a digital-first fine jewellery brand, has recently inaugurated its second store in Thiruvananthapuram, Kerala, according to a social media announcement made by a company official. The new store is situated on Mahatma Gandhi Road in Pulimoodu, Thiruvananthapuram, and marks an important milestone for the omnichannel jewellery retailer.
The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has unveiled an ambitious project that aims to establish Vision City, a state-of-the-art commercial hub dedicated to the exquisite realms of jewellery, gems,
Chow Tai Fook, the second largest jewellery retailer globally, experienced a remarkable rebound in sales, with a revenue increase of 38% during the initial two months of the current financial year. This growth can be attributed to the relaxation of pandemic
Platinum Guild International-India is excited to announce the highly anticipated 6th edition of its prestigious flagship event, the Platinum Buyer-Seller Meet. The event will be held on 6th and 7th of July 2023 and will bring together official platinum jewellery manufacturers and retailers under the PGI programme to facilitate business growth and networking opportunities.
Kalyan Jewellers India Limited, one of India’s largest jewellery companies, has taken a strong stance against malicious acts that aim to malign the brand’s reputation. Determined to safeguard its reputation, the company is in process to initiate legal
In a ground-breaking auction, Sotheby’s New York has set two world records for gemstones, propelling the market to new heights. The first record was established by an extraordinary 55.22 carat Mozambique ruby, famously known as the “Estrela de Fura 55.22,” while the second record was claimed by a mesmerizing 10.57 carat
