India has the potential to become the world’s largest gems and jewellery exporter, says Piyush Goyal
Goyal said massive investments are being made to create a world-class infrastructure, including the 20-acre India jewellery Park in Navi Mumbai and a common facility centre in SEEPZ Mumbai with modern machinery and equipment. The infrastructure impetus can empower micro, small and medium enterprises in the gems and jewellery industry to build global competitiveness and expand their business in a modern and efficient environment, he said. Key Points
Economic TimesMotisons Jewellers IPO on track to deliver multibagger listing gains. Check GMP
Motisons Jewellers IPO: Motisons Jewellers are holding steady at Rs 78-80 in the unlisted market, indicating multibagger listing gains to investors. The company's shares are expected to list on the exchanges on December 26. At the upper price band of Rs 55, the stock is trading nearly 145% higher than the offer price. Key Points
Economic TimesKalyan Jewellers introduces new men's jewellery collection on International Men's Day
Drawing inspiration from the Spanish term for 'sir' or 'gentleman,' the Senhor collection is designed to meet the modern man's preference for distinctive and meaningful accessories. The jewellery line offers a diverse range of textures, including dual-tone pieces and minimalistic patterns, aligning with the aesthetic choices of the current generation. Key Points
Economic TimesAmazon Great Indian Festival Sale 2023: Avail up to 96% off on fashion jewellery
Amazon Sale 2023: If you like fashion jewellery then now is the time to buy them. Choicest pendants, bracelets, necklaces are available at throwaway prices. | Fashion Trends Key Points
Hindustan TimesAmazon Great Indian Festival Sale 2023: Get mega 92% off on fashion jewellery
Amazon Sale 2023: Fashion jewellery is a big hit with youngsters. If you are keen, check out some of the best products, which also have mega discounts on them. | Fashion Trends Key Points
Hindustan Times
Premji invest leads $35 million Series B round in Giva
Premji Invest is leading a $35 million Series B funding round in Giva, an omnichannel jewellery company. The funding will be used to expand the company's physical presence. Key Points
mintTwo employees of Panchkula jewellery shop booked for theft
Complainant Vimal Prakash, the owner of Vimal Jeweler, said the accused have been working with him for the last three years. Whenever he had to go out for work, he used to give the shop’s keys to Shabnam. The complainant said that some time ago, he started noticing that jewellery items kept in the locker used to go missing. Key Points
Hindustan TimesAkshaya Tritiya 2023: Things to keep in mind when buying gold jewellery
Baruni Verma, Founder and CEO, Starkle said, "Gold is a precious metal that has been treasured by humans for thousands of years and investing in it can be a wise decision for those looking to protect their wealth. However, it's important to approach buying gold with caution and consideration." Key Points
The Indian ExpressAkshaya Tritiya: Top diamond jewellery trends that are worth your investment
Get ready for Akshaya Tritiya 2023 with the latest diamond jewellery trends. Discover the top styles that are worth your investment. | Fashion Trends Key Points
Hindustan TimesIndia’s gem, jewellery exports decline 23.7pc to Rs 21,501.96 cr in March; marginally up in FY23
The total gem and jewellery exports during 2021-22 stood at Rs 2,93,193.19 crores (USD 39,331.71 million), the Gem and jewellery Export Promotion Council (GJEPC) said in a statement. Key Points
Financialexpress
Creative and stylish ways to style your everyday minimal jewellery
Add some personality and interest to your everyday outfits with minimalist jewellery. From layered chains to tube rings, check out trendy ways to style them. | Fashion Trends Key Points
Hindustan Times5 important things to keep in mind when buying jewellery online
When buying jewellery online, it's crucial to consider a few key factors to ensure a safe and satisfactory purchase. Here are five things to keep in mind. | Fashion Trends Key Points
Hindustan TimesThree of ‘tunnel thieves gang’ arrested in Meerut
The arrested criminals had stolen jewellery worth over ₹15 lakh from New Ambika jewellery shop on Garh Road last week. They dug a tunnel from an adjacent drain to enter the shop and escaped with jewellery and DVR. Key Points
Hindustan TimesHow much jewellery, gold can I take with me to UK from India?
Indian laws have no value limit on exporting gold jewellery as long as it is the passenger's bonafide baggage. UK customs/import duties may apply. Declare items beforehand. Key Points
mintGold jewellery with four-digit unique hallmark ID can't be sold from April
The government has informed that from April, gold jwellery having six-digit alphanumeric number as a hallmark will be sold. The HUID mark ensures the credibility of the jewellery and enables its traceability. Key Points
Hindustan Times
Titan Q4 Results Review: jewellery Performance Raises Confidence In FY24 Growth, Say Analysts
The Tata Group company's net profit rose 40% YoY to Rs 736 crore, lower than the Bloomberg estimate of Rs 746.70 crore. Key Points
BQ PrimeBudget 2024: Gem and jewellery industry calls for reduction in import duties on gold, cut and polished dia
Union budget 2024: The Gem and jewellery Export Promotion Council (GJEPC) has called on the Indian government to lower import duties on gold and cut and polished diamonds ahead of the Union Budget. The GJEPC believes that increased import taxes on polished and cut gemstones would lead to lower exports and fewer jobs in the jewellery sector, losing its competitive advantage to rival nations like China and Thailand. Key Points
Economic TimesRs 2,000 notes spur gold, realty sales
A jeweller in Delhi's posh Green Park area had to lower the shutters due to heavy client traffic on Monday. And a similar incident also took place in a jewellery shop in Noida's GIP mall. Key Points
FinancialexpressAishwarya's domestic staff held for jewellery theft
Aishwarya Rajinikanth's maid and driver were arrested on Tuesday for stealing gold, silver and diamond jewellery. She had filed a police complaint on Monday. Key Points
Hindustan TimesBrazil's Bolsonaro testifies in scandal over Saudi jewellery gift
One of the jewellery sets given to former Brazilian First Lady Michelle Bolsonaro and valued at 16.5 million reais ($3.26 million) was seized by customs officials in the backpack of a government aide returning from Saudi Arabia. Key Points
India Today
Setback or blip? Decoding jewellery stocks’ underperformance as gold hits fresh lifetime highs
ETMarkets' analysis reveals the underperformance of jewellery stocks amidst gold's record highs. Most saw negative returns, with a few exceptions. Experts suggest cautious investment strategies with focus on companies' fundamentals and long-term prospects. Key Points
Economic TimesBudget 2024 can polish India’s gold & diamond industry to shine for the world
Budget: The interim Budget with strategic moves can give the Indian gold jewellery industry a boost. An infrastructure boost can ensure competitive prices for raw materials and availability of gold loans. Skill development and government support for machinery procurement will enhance manufacturing capabilities. Special financing can help Indian brands expand globally. Budgetary support for cost of capital and marketing will improve reach and attract international brands. These steps can make India a global hub for the gems and jewellery industry. Key Points
Economic TimesBudget 2024 can polish India’s gold & diamond industry to shine in the world
Budget: The interim Budget with strategic moves can give the Indian gold jewellery industry a boost. An infrastructure boost can ensure competitive prices for raw materials and availability of gold loans. Skill development and government support for machinery procurement will enhance manufacturing capabilities. Special financing can help Indian brands expand globally. Budgetary support for cost of capital and marketing will improve reach and attract international brands. These steps can make India a global hub for the gems and jewellery industry. Key Points
Economic TimesIndia’s gems and jewellery exports grow 2.48% in FY23
“Timely implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) by the commerce ministry resulted in a remarkable 17% growth in exports of plain gold jewellery in 2022-23. Indias major export markets remained the USA, Hong Kong and the UAE,” said Vipul Shah, chairman, GJEPC. Key Points
Economic TimesMukesh Ambani calls on business community to build a stronger, more inclusive India
Mukesh Ambani, the chairman and managing director of Reliance Industries, emphasized the business community's role in shaping India's future. Speaking at an event by the Gems and jewellery Exports Promotion Council (GJEPC), Ambani praised the industry's achievements, highlighting its potential to boost exports and create jobs. He underscored the need for collaboration between different business communities, pointing to the success of partnerships. Ambani also lauded his daughter-in-law's family for their contributions to the sector. Key Points
Economic Times
Gold hallmarking new rules: Buying gold jewellery? Know this first
Gold hallmarking rules are all set to change: Effective April 1, 2023 all gold jewellery and artefacts can only be sold with a 6-digit alphanumeric hallmarking ID. This rule on the sale of gold jewellery is mandatory from April 1 this year. Here are the details: Key Points
Times of IndiaWedding-related consumption remains muted amid fewer dates, slowdown
As per industry estimates, sales of categories like ethnic wear and wedding wear, gold jewellery and electronic household appliances have declined by 10-20% in FY24 till February as compared to the same period in FY23. However, luxury and premium products bucked the trend of sales decline mirroring the overall trend in consumption, chief executives said. Key Points
Economic TimesHow to save money on making charges of gold jewellery
As gold prices are rising currently, buyers should be aware that different methods of levying making charges can lead to a substantial difference in the cost of the jewellery being bought particularly. At times this aspect can help them save money on gold jewellery purchases. Usually, there are two ways of levying making charges on a gold jewellery. Key Points
Economic TimesDGFT calls for e-commerce boost to transform India into a global leader in gold jewellery exports
The DGFT urges the Gem & jewellery Export Promotion Council to promote e-commerce for gold jewellery exports, aiming to position India as a leading global supplier. Highlighting India's significant gold buying power, DGFT stresses the need for streamlined exports across diverse demand. Key Points
Economic TimesMedium to long term outlook for FMCG companies strong, margin expansion to continue: Kaustubh Pawaskar
Kaustubh Pawaskar says: “We should expect some improvement in demand from Q1 of FY2025 since inflation has also reduced and companies are passing on the benefit to the consumers in forms of price cuts and grammage increase. The benefits should start coming in the quarters ahead and if all goes well, monsoons turn out to be better, then it should help in revival in the rural demand.” Key Points
Economic Times
Motisons Jewellers IPO sails through within one hour of opening, retail portion booked 3.6X
The issue, which is completely fresh equity of 2.74 crore shares, has created a strong buzz in the grey market as the company's shares are trading at over 180% premium compared to the offer price. Key Points
Economic TimesAditya Birla Group forays into branded jewellery retail business, to invest Rs 5,000 cr
The Aditya Birla Group has announced that it will foray into the branded jewellery retail business with an investment of around Rs 5000 crore. This business will be housed in a new venture, “Novel Jewels Ltd”, that will build large-format exclusive jewellery retail stores across India, with in-house jewellery brands. Key Points
Economic TimesWorld is looking at India; grasp this opportunity to grow exports: Piyush Goyal urges industries
The industry's talent is spread across every zone and this industry can generate lots of jobs commensurate with the talent. The future is bright but we seek a collective commitment from every exporter to contribute to increasing exports despite headwinds and challenges, said the minister. Key Points
Economic Times