Rising gold prices and a subdued consumer environment are likely to weaken demand for the yellow metal in one of the world’s top markets for gold in FY2020, ratings agency ICRA said in its outlook for the Indian gold jewellery retail sector on Wednesday. ICRA expects gold jewellery demand to be subdued in FY2020 with … Read More →
Titan has lowered its jewellery business growth guidance to 11 percent to 13 percent for the second half from 20 percent it guided previously. Titan’s financial results missed estimates on most counts in the second quarter as the jewellery business loses its shine. Titan CEO S Subramaniam said last six months have been tough and … Read More →
Three years and counting—the Modi jacket continues to be as popular as it was the day after the Prime Minister was first seen sporting it. Initially thought by some to be a whimsical fashion fad, the Prime Minister’s staple public appearance apparel is now even replacing the corporate blazer. ‘Modi jackets’ is even a prominent … Read More →
Demand for opals and opal jewellery in mainland China has surged dramatically these last few years, albeit from a small base, with high-end customers especially partial to black opals driving the growth. In separate interviews with JNA, opal wholesalers and jewellery manufacturers expressed their optimism regarding growth prospects on the mainland. Sam Carbone Opal Australia-based … Read More →
Swedish clothing retail major H&M will continue to buy garment items from Bangladesh even as it scouts for alternative sourcing destinations, a top official of the company has said according to reports in the Bangladeshi media. “H&M has maintained good relations with Bangladesh over the last 30 years. We have a long-term plan for Bangladesh. … Read More →