Retail sales of gold, silver and jewellery in China were up 7.8 percent in the first four months of the year, indicating further signs of improvement in the market. Data released by the National Bureau of Statistics of China showed sales rose to RMB102.8 billion (around US$15 billion) from January to April compared to the … Read More →
Sales surprisingly fell short for Signet Jewelers Ltd. in the second quarter, due principally to weakness in states where the economy is tied to the energy industry, its CEO said Thursday. Signet’s same-store sales fell 2 percent year-over-year in the quarter ended July 30. Total sales reached $1.37 billion, down 3 percent (1 percent at … Read More →
China’s gold output increased to 111.56 tonnes in the first quarter of 2016, up 0.78 percent year-on-year, latest statistics from the China Gold Association revealed. As of March 31, 2016, the nation’s gold reserves reached 1,797.5 tonnes. The increase in output was due to a rebound in international gold prices following the easing of major currencies … Read More →
With e-commerce companies launching their big sale to woo shoppers, Delhi has recorded an 88.5 percent rise in online shopping during this festive season against regular online shopping that rose 56 percent, as per a report. Industry lobby Assocham, which conducted a survey in key cities like Ahmedabad, Mumbai, Delhi-NCR, Chennai, Bangaluru, Hyderabad and Kolkata, … Read More →