Titan has lowered its jewellery business growth guidance to 11 percent to 13 percent for the second half from 20 percent it guided previously. Titan’s financial results missed estimates on most counts in the second quarter as the jewellery business loses its shine. Titan CEO S Subramaniam said last six months have been tough and … Read More →
TIRUCHY: After a nine-month investigation, a special police recovered about 2.5 kg of gold jewellery out of the 3.75 kg stolen from Punjab National Bank (PNB) in January 2019. The team made the recovery from Chennai and Bengaluru, where the robbers had sold the items. On January 28 this year, a gang of robbers made a … Read More →
A store of Goodwin Jewellers that has been shut down at Dombivali in Thane. (Deepak Joshi) For 38-year-old Sarita Angre, this Diwali may bring little cheer. She is one of the scores of investors hit by the PMC Bank scam. As if that wasn’t bad enough, now the Goodwin jewellery store in Dombivali, in which … Read More →
The festivals of Dhanteras and Diwali are is considered to be the most auspicious day to make investments. With these festivals around the corner, Sunil Nayak, CEO of Reliance Jewels spoke to CNBC-TV18’s Manisha Gupta to discuss jewellery trends in the last two quarters and what are the expectations and the demand situations this year. … Read More →
At least 40 kg silver, 300-grammes gold, diamond jewellery worth Rs 2,00,000 and cash worth Rs 2,00,0000 has been reported stolen in a burglary at Nakoda Jewellers, located in Kumar Classic Society, Aundh, on Thursday. The total theft is worth Rs 29,35,00, according to the complaint. The store is owned by Vijay Mohanlal Sonigara, 52, … Read More →
The gems and jewellery sector is witnessing changes in consumer preferences due to adoption of western styles. Consumers are demanding new designs and varieties in jewellery, and branded jewellers can fulfil their changing demands. It is expected that in the coming years, growth in gems and jewellery would be largely contributed by the development of … Read More →
Online jewellery brand Melorra said on Wednesday that it has raised $12 million in a Series C round led by existing investor, venture capital firm Lightbox Ventures. It also raised $2 million in debt from BlackSoil Capital, which provides debt to startups and other firms. Other investors include the Dabur-owned Burman family office and the … Read More →