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Tag Archives: In

02Jun 2020

Closed jewellery shops amid lockdown pull brakes on gold imports; India imports 99% less gold in May

by Loknath Das

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 →

01Jun 2020

Regaining glitter in jewellery business to take some time

by Loknath Das

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 →

29May 2020

Jewellery, cash stolen from house in Chandigarh’s Sector 45

by Loknath Das

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 →

19May 2020

How shopping in Singapore might change for Indian tourists after Covid-19

by Loknath Das

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 →

11May 2020

COVID-19: Ind-Ra sees jewellery sales declining 25 per cent in FY21

by Loknath Das

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 →

11Mar 2020

Coronavirus impact: GJEPC postpones intl gem, jewellery show in Jaipur to July

by Loknath Das

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 →

17Feb 2020

Apparel sales just had their worst month in more than 10 years. Here’s why

by Loknath Das

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 →

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