Gold necklace on display at Dwarkadas Chandumal Jewellery store in the Zaveri Bazaar area of Mumbai, India, on Thursday, Apr. 18, 2013. (Image source: Dhiraj Singh/Bloomberg) India Ratings and Research (Ind-Ra) on Monday said it expects jewellery sales to decline by 25 per cent in 2020-21 (April-March) on account of over 40 days of lockdown … Read More →
MUMBAI: India Ratings and Research (Ind-Ra) on Monday said it expects jewellery sales to decline by 25 per cent in 2020-21 (April-March) on account of over 40 days of lockdown following COVID-19 pandemic and overall reduction in disposable income. Jewellery demand, which is primarily driven by marriage season and a couple of festivals in the … Read More →
THIRUVANANTHAPURAM : Amid the Covid-19 scare, the gold sector has some reason to cheer as the drop in prices has lured customers back to jewellery showrooms in the state. Although the footfall was not as expected, it did bring in some hope in the sector. The board rate of gold price, which touched an all-time … Read More →
MUMBAI : Following the coronavirus outbreak, the gems and jewellery sector in the country has come to a standstill with retailers managing to do only 20-25 per cent business due to fewer footfalls amid fear of the virus’ spread, according to an industry body. “There is virtually no footfalls in jewellery stores and retailers are doing … Read More →
Gems and Jewellery Export Promotion Council (GJEPC) has rescheduled its international gem and jewellery show in Jaipur from April to July on account of coronavirus outbreak. In a statement, the council has said due to concerns related to the global coronavirus outbreak, they have decided to postpone the dates to July 18-20, 2020. There are … Read More →
SINGAPORE – A thief stole a gold necklace worth around $3,000 from jewellers in Bukit Merah on Saturday afternoon (March 7). The culprit was described as an Indian man in his 30s and wearing a grey shirt and jeans, according to a report in Chinese-language newspaper Shin Min Daily News. The owner of Tiong Sun … Read More →
P.N. Prasad in Calcutta on Saturday. Credit flow to the gems and jewellery sector has taken a hit with scams and defaults denting the image of the industry.Telegraph picture AddThis Sharing Buttons Insurance cover for the gems and jewellery sector, especially the micro, small and medium units, will encourage banks to increase lending to the … Read More →