A nationwide lockdown and closed jewellery shops across India have led to a severe fall in gold demand, leading to near-negligible gold imports in the month of May. The gold imports in the month have fallen by 99 per cent on-year, Reuters reported citing a government source. India, which is the world’s second-largest gold consumer … 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 →
Festive shopping for jewellery and apparels has seen a massive hit in the run-up to the Diwali festivities, a report said on Monday. The average value of card transactions in the two affected segments dipped in the days leading to Diwali, according to the data released by transaction processing company, Worldline. Release of the data … Read More →
A baby toy from the popular Lamaze brand has been recalled amid safety fears. Manufactured by toy giant TOMY, the Lamaze Munching Max Chipmunk Toy, has been pulled over fears ‘an internal part could break and create a sharp point’. The product recall notice for the dangling pram toy says the toy was sold at … Read More →
Hot Diamonds has seen an encouraging start to sell-through of its new brand Anaïs Paris with UK independents. Adryan Cresswell, head of commerce, said: “We dispatched the first Anaïs Paris orders to the UK independents sector at the start of July and are very excited indeed with the early sell-out reports to consumers.” He said … Read More →