Malabar Gold and Diamonds, one of the largest gold and diamond retail chains of the country, has become the first jewellery group in India to obtain a TRQ (Tariff Rate Quota) license from the Director General of Foreign Trade (DGFT) whereby they can import gold through India International Bullion Exchange (IIBX).
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The International Jewelry Association Mubri, one of the largest in the world, opened its second store on May 18th. It is the second city in less than a month that the Association opens the spot with the ambition to open more shops by the end of 2023.
The Gem & Jewellery National Relief Foundation (GJNRF) has been honoured with the esteemed Jamnalal Bajaj Uchit Vyavahar Puraskar for a Charitable Association by the Council for Fair Business Practices (CFBP). The award ceremony, held
The Hyderabad International Jewellery Show (HIJS) 2023, an exclusive jewellery sourcing and trading event to facilitate interaction between all those dealing in South Indian jewellery, will be held this year at the HITEX Exhibition Centre in Hyderabad from 19th – 21st May, 2023.
As an extension of an existing strategic tie-up between both the Groups, Emerald invests a minority stake in Limelight Diamonds with an objective of establishing Limelight as a vertically integrated brand and jointly manufacture, sell and distribute lab grown CVD diamond studded jewellery in India and international markets. The terms of deal remain undisclosed.
The company’s consolidated revenue for the year stood at Rs 14,071 crore, displaying a remarkable increase of over 30% compared to the previous year’s revenue of Rs 10,818 crore.
India and the United Arab Emirates celebrated the first anniversary of the Comprehensive Economic Partnership Agreement (CEPA). Commemorating the 1st year of India-UAE CEPA, apex trade body Gem & Jewellery Export Promotion Council (GJEPC) launched the first-of-its-kind India Jewellery Exposition Centre (IJEX), the 365-day exhibition platform in Dubai.
All mothers hold a special place in the lives of their children, being a source of motivation, perseverance, creativity, bravery, and unyielding support. As Mother’s Day approaches, it presents a perfect opportunity to honor the cherished bond between mothers and their children with the classic Forevermark Icon™ Collection.
Malabar Gold & Diamonds is opening the world’s biggest jewellery showroom in Kozhikode, promising a world class jewellery shopping experience. The Artistry Store, which will be a new global destination for gold and diamond shopping, incidentally is being set up at the same place where Malabar Group originated three decades ago.
Titan (Standalone) recorded a revenue growth of 25% in Q4FY23 compared to Q4FY22. The corresponding PBT before exceptional items came in at INR 979 crores, higher by 37%, compared to Q4FY22. The Like-to-like PBT growth for this quarter was 28% (after adjusting for ex-gratia provision in Q4FY22).
