Gross exports of gems and jewellery have declined for nine months in a row this financial year. It fell by 2 per cent YoY in December to $2,436 million. It had seen a YoY decline of 3 per cent in November. The quantum of de-growth in gross exports in the nine months of FY20 is … Read More →
Festive shopping for jewellery and apparels has seen a massive hit in the run-up to the Diwali festivities, a report said on Monday. The average value of card transactions in the two affected segments dipped in the days leading to Diwali, according to the data released by transaction processing company, Worldline. Release of the data … Read More →
ET Intelligence Group: Bucking the trend in the midst of a slowdown in Indian consumption, TitanNSE 2.50 %maintained a growth guidance of 20 per cent for the current fiscal. India’s largest jeweller said last fiscal was not so good, but things have started to change from the beginning of the current fiscal, said the company management in a call with … Read More →
Diamond jewellery demand in 2016 is likely to be affected by subdued global economic growth. Led by a sharp decline in production of polished diamonds and jewellery in India in the second half of 2015, the global market in precious ornaments fell to $79 billion, from $81 bn the previous year. Indian diamond processors’ inventory … Read More →