Hong Kong-based jewellery retailer Luk Fook Holdings (International) Ltd recently presented a new gold and jade jewellery collection, dubbed “Gold Charisma,” which fuses traditional and contemporary elements. Leading the collection are pendants adorned with jade and gold, a combination traditionally regarded as a symbol of love in Chinese culture. Gold patterns on jade pendants take … Read More →
It’s good news for jewellers and customers as the government has rolled back its budget decision to apply 1 percent tax on cash purchase of gold jewellery. The jewellers had earlier been on a 45-day strike after Finance Minister Arun Jaitley in his Budget speech in February proposed 1 percent excise tax on non-silver jewellery. … Read More →
Hit by a weak Canadian dollar and the soft economy in Western Canada, insolvent chain Ben Moss Jewellers was granted court protection from its creditors on Wednesday as it prepares to close 11 of its 66 stores. Winnipeg-based Ben Moss Jewellers Western Canada Ltd. is already holding liquidation sales at its underperforming stores. It will … Read More →
The ninth edition of Hyderabad Jewellery, Pearl and Gem Fair will be held here for two-days from June 4. Over 150 exhibitors comprising jewellery brands, wholesalers, retailers, importers, exporters, diamond and gemstone suppliers and representatives from trade and government organisations will participate in the fair, which is hosted by UBM India and supported by the … Read More →
Fourteen sovereigns of gold jewellery were reportedly found stolen from a house at Elango Street at Mahalingapuram in Pollachi on Wednesday. The police said that the victim M. Selvaraj (32), a farmer, and his family stayed in an apartment and went to their native village near Negamam on Saturday. On returning home on Wednesday he … Read More →
At a time when global luxury markets are struggling to attract customers to keep their exports afloat, silverjewellery exports from India grew exponentially over the past five years. India’s silver jewellery exports quadrupled since financial year 2010-11 because of rapid shift in consumer preferences in favour of contemporary designs of gemstone-studded ornaments. Data compiled by … Read More →
Indian jewellery retailer Malabar Gold & Diamonds is targeting to operate 300 showrooms by 2020 as the company expands its global operations, particularly in Asia. Malabar recently opened five new showrooms in Oman, Sharjah, Mehdipatnam and Belagavi, pushing the total number to 150 in time for Akshaya Tritiya, a holy Indian celebration. “We see stronger … Read More →