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 →
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 →
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 →
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 →
SINGAPORE – A thief stole a gold necklace worth around $3,000 from jewellers in Bukit Merah on Saturday afternoon (March 7). The culprit was described as an Indian man in his 30s and wearing a grey shirt and jeans, according to a report in Chinese-language newspaper Shin Min Daily News. The owner of Tiong Sun … Read More →