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 →
Jalandhar: Amit Chopra, owner of Leader Jewellers, feels that the current situation due to the corona outbreak in different parts of the world is certainly affecting the jewellery business in a big way, but he is hopeful of some normalcy in the coming months. On a daily basis, 60-70 per cent customers are visiting our … Read More →
Gold jewellery and cash were stolen from the house of a property dealer on the intervening night between Tuesday and Wednesday. Rupinder Pal Singh, 64, complained to the police that they slept on Tuesday night without locking the back gate of the house. When they woke up on Wednesday, they found someone had stolen money, … Read More →
SINGAPORE : When normalcy returns and when cross-border travel is allowed, Indian visitors who come to Singapore to shop, may see changes to their usual shopping haunts. The retail industry is almost certain to emerge from the COVID-19 pandemic dramatically different. Singapore is scheduled to exit its planned 8-week “circuit breaker” economic shutdown in about … 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 →
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 →
The apparel industry had a really tough start to 2020, as consumers are buying fewer and fewer items to stock their closets, and companies that typically sell tons of winter coats and sweaters tried to cope with the second-warmest January in the past 29 years. Receipts at clothing stores dropped 3.1% last month, the most … Read More →