Mumbai-based Lypsa Gems and Jewellery has received a new order worth Rs 160 million from customers in UAE for loose diamonds and diamond-studded ornaments, informed the company in an official statement released on Tuesday (4 July). Last week, Lypsa launched a new collection of diamond-studded jewelry targeted towards the Middle Eastern markets. This new order … Read More →
Net profit of New Light Apparels reported to Rs 0.65 crore in the quarter ended March 2017 as against net loss of Rs 0.14 crore during the previous quarter ended March 2016. Sales rose 112.24% to Rs 4.16 crore in the quarter ended March 2017 as against Rs 1.96 crore during the previous quarter ended … Read More →
Silver weekly-based delivery prices on Thursday dropped below the crucial Rs 46,000 mark by tumbling Rs 1,020 to Rs 45,745 per kg, in line with a sluggish trend overseas amid reduced offtake by industrial units at the domestic market. On the other hand, gold held steady in scattered deals. Traders said gains in equities and … Read More →
India’s jewellery sector is estimated to have incurred a revenue loss of over Rs. 60,000 crore due to an ongoing indefinite strike that entered the ninth day on Wednesday, according to an industry body. Members of over 358 associations related to jewellery trade and related businesses are on strike since March 2 to demand withdrawal … Read More →