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 →
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 →
VIJAYAWADA: ‘Grand Abhushanam’, organised by All India Gems and Jewellery Trade Federation, ended on a grand note on Sunday. The first ever business-to-business fair supported by AP Bullion Gold, Silver and Diamond Merchants Associations saw the participation of over 100 prominent jewellery manufacturers & wholesalers from across India. Around 78 stalls showcased a variety of … Read More →
Buyers of Apple iPhone SE could soon find a “Made in India” tag on their devices. Taiwanese contact manufacturer Wistron would be making it at their plant in Bengaluru. The company recently conducted a trial run at the factory. The few phones made during the trial run will be in stores in two weeks. … Read More →
The De Beers Group of Companies recently announced that the value of rough diamond sales for the seventh sales cycle of 2016 reached US$630 million, up from US$528 million during the previous cycle. Bruce Cleaver, CEO of the De Beers Group, commented, “We saw healthy demand for our rough diamonds in Cycle 7, as manufacturers brought … Read More →
Gold prices eased by Rs 20 to Rs 30,750 per 10 grams at the bullion market on Saturday, in keeping with a weak trend overseas amid muted demand from jewellers and retailers at the domestic spot market. Silver followed suit and came off by Rs 75 to Rs 46,125 per kg due to reduced offtake by industrial units and … Read More →