Gold Demand Jumps As Lockdowns Ease, Imports Rebound By 25% In July

  • - 07 August 2020 11:37 AM

World over gold purchases rose to 25.5 tonnes in July from 20.4 tonnes a year earlier and were almost double the amount shipped in the previous month

Covid Situation May Dampen Gold Demand During Diwali Season Too: World Gold Council

  • World Gold Council - 07 August 2020 11:20 AM

Many industry stalwarts are hopeful that by October this year, the demand situation will improve, WGC however, based on its research claims otherwise

GJEPC to Organise First-Ever Buyer Seller Meet in Virtual Format

  • gjepc - 07 August 2020 11:05 AM

The Gem and Jewellery Export Promotion Council of India will be hosting its buyer and seller meet for the first time in a virtual format

GJEPC Provides Inputs on Policy Related To Gold Refining

  • gjepc - 06 August 2020 5:31 PM

Important suggestions which need to be considered before formulating any policy related to gold refining

World Gold Council Launches Retail Gold Investment Principles

  • World Gold Council - 06 August 2020 11:12 AM

The World Gold Council launched its new Retail Gold Investment Principles (RGIPs) which provide high-level best practice principles for providers of all kinds of retail gold investment products

Luxe Talks : Luxury in the New World Order

  • Events - 05 August 2020 2:14 PM

The world has changed and so has the luxury industry... 

GJEPC Asks Govt For Priority Status, Supportive E-Commerce Policy

  • gjepc - 04 August 2020 7:19 PM

GJEPC also requested for a clarification on 'Online Equalisation' Levy for B2B international diamond auctions

PNG Jewellers Announces The Launch Of ‘Mangalsutra Mahotsav’

  • Company - 04 August 2020 7:15 PM

PNG Jewellers celebrate ‘Pure emotions of Shravan’ through its offerings around the Mangalsutra Mahotsav 

Tanishq Introduces ‘Gold Standard’ Safety Measures 2.0

  • Company - 04 August 2020 2:58 PM

Tanishq has introduced new safety features adding to the existing set of hygiene norms announced earlier

Gold Price Rises By Rs 185, Silver By Rs 1,672

  • - 04 August 2020 2:43 PM

The rupee plunged 20 paise and settled below 75 per U.S. dollar level on August 3, tracking negative domestic equities and strengthening American currency

Gold Prices In India Move To Premium Despite Record High Rates

  • Gold - 04 August 2020 2:39 PM

Gold prices in India are up 35% this year. Analysts report uptick in investment demand for gold

Mumbai-Based Jewellery Trading Company Accused By CBI In Multi-Crore Fraud

  • Company - 04 August 2020 2:09 PM

Auro Gold Jewellery Pvt Ltd and its directors Amritlal Jain and Ritesh Jain have been accused of allegedly cheating State Bank of India of Rs 387 crore

Gemfields Launches Report on Coloured Gemstones in China

  • Company - 31 July 2020 5:37 PM

Gemfields’ China Report Reveals Coloured Gem Interest and Consumers’ Willingness to Pay A Premium for Responsibly Sourced Gemstones

The gold price rallies with record ETF inflows while COVID-19 hits consumer demand in H1

  • Gold - 30 July 2020 11:18 AM

The COVID-19 pandemic impacted the consumer sectors of the gold market in H1 2020, with total demand dropping by 6% to 2,076t versus the same period in 2019, according to the World Gold Council’s latest Gold Demand Trends report.

Forevermark celebrates the sibling bond with the brilliance of natural diamonds

  • Diamond - 30 July 2020 11:09 AM

The bond between a brother and a sister is simply unique, just like each diamond is a canvas on which we define our rare stories

Mandatory Gold Hallmarking Deadline Extended to June 2021

  • Gold - 29 July 2020 10:07 AM

Gold hallmarking was set to become mandatory with effect from 15th January, 2021

Industry mourns loss of veteran jeweller Shaankar Sen of Senco Gold and Diamonds

  • GJC - 28 July 2020 3:22 PM

Shaankar Sen contributed immensely to the trade with his wisdom and knowledge and served as GJC’s Vice Chairman

GJEPC Explains Parichay Card Benefits To Karur Gold Smith Association

  • gjepc - 28 July 2020 2:57 PM

GJEPC’s regional office met  the Karur Gold Smith Association and explained the benefits of the Parichay Card

Jewellers flip to Discount On Physical Gold Amid Low Demand, Record Price

  • Gold - 27 July 2020 1:27 PM

Global benchmark spot gold prices held near a nine-year peak, close to the $1,900 an ounce level, on safe-haven investment demand, while silver eyed its best week in over three decades

Senco Gold & Diamonds focusing on Omni Channel sales

  • Company - 27 July 2020 11:48 AM

Introduces various technological initiatives to enrich customers’ experience

Mia By Tanishq Brings Back ‘Lil Joys Sale’

  • Company - 25 July 2020 1:47 PM

Mia, by Tanishq have announced the Lil Joys Sale

US – China Trade War: India About To Take A Leap Of Faith To Become World’s Biggest Gems And Jewellery Exports Hub

  • Strategy - 25 July 2020 1:33 PM

On the Onset of Hong Kong losing its privilege status for preferential economic trade with the US, India sees brighter days ahead for Gems and Jewellery exports

Aisshpra Gems & Jewels is Exclusively Yours with At Home Jewellery Service

  • Company - 24 July 2020 1:51 PM

Eastern UP's leading Jewellery brand Aisshpra Gems & Jewels pioneers yet another trend with Exclusively Yours, a Jewellery at Home Service and takes customer service experience a notch above in the New Normal

Gem, Jewellery Exports Dip 34.72% in June: GJEPC

  • gold report - 23 July 2020 5:19 PM

During April-June this fiscal, the exports dipped by 54.79 per cent to USD 2.75 billion as against USD 6.07 billion in the same period last year

Reliance Jewels Unveils Its Latest Precious Stones Gold Jewellery Collection for Varalakshmi

  • Company - 23 July 2020 4:40 PM

Reliance Jewels celebrates the spirit of Lakshmi residing within every woman with this new collection

Karigars Have Nowhere to Return

  • Gold - 23 July 2020 1:19 PM

Jewellery artisans who had gone to their villages, are now trying to resume their duties in cities, only to find jewellery hubs unable to retain their services

Titan Company Gets BIS Hallmarking Licence For Gold And Silver

  • - 23 July 2020 11:57 AM

The Bureau of Indian Standards (BIS), Chennai Branch Office-I, has granted its hallmarking of gold and silver licence to Titan Company

GJEPC Donates Over Rs.75 Lakh Towards Covid-19 Isolation Ward At Surat Hospital

  • - 23 July 2020 11:45 AM

GJEPC continues its charitable work fight against Covid-19

Narayan Jewellers launches Bandhej Collection

  • Company - 22 July 2020 7:53 PM

This Raksha Bandhan, Narayan Jewellers by Ketan and Jatin Chokshi launches “Bandhej”

Gold Price At An All-Time High, Retail Demand For Gold May Decline

  • Gold - 22 July 2020 6:56 PM

India is the world's second largest consumer of gold. Today, prices of gold are rocketing leaving consumers in a fix…

Reliance Jewels Wins Prestigious ET Iconic Brand of India 2020

  • Company - 22 July 2020 5:03 PM

Reliance Jewels, one of India’s most trusted and leading jewellery brand, has been recognized as one of the Iconic brands of India 2020

Rambhajos Presents Polki & Ruby Jewellery Collection

  • Company - 21 July 2020 11:26 AM

Rambhajos, known for their exquisite polki & jadau jewellery have designed a new collection adding ruby accents. In keeping with the tradition, the House of Rambhajos has carefully curated the rarest of Rubies

New Rules For Electronic Retailers To Be Effective By End Of This Week: Paswan

  • Technology - 21 July 2020 11:15 AM

E-tailers have to display details about return, refund, exchange, warranty and guarantee, delivery and shipment, modes of payment, and grievance redressal mechanism, and any other similar information that may be required by consumers to make informed decisions

Bobby Kothari of Jewelex Invests in Augmented Reality App MirrAR

  • - 20 July 2020 4:59 PM

Augmented Reality based Technology Company, StyleDotMe raises INR 3.5 crore,  Pre-series A Funding to Revolutionize the Future of the Retail Industry

IIFL Finance Launches Digital Gold Loan

  • Gold - 20 July 2020 2:43 PM

IIFL Finance,leading non-banking finance companies has launched Digital Gold Loan

NSW Government Approves Jewellery Fair to Proceed in Sydney

  • Intenational Fairs - 20 July 2020 2:35 PM

The New South Wales state government has permitted the International Jewellery & Watch Fair (IJWF) in Sydney to be held from 12-14 September

World Gold Council Expects India’s H2 Consumer Demand To Remain Soft

  • - 20 July 2020 2:33 PM

WGC examines how the combination of high risk, low opportunity cost and positive price momentum looks set to support gold investment

Govt. Increases Duty Drawback on Gold by 16%; But Reduces Silver Duty Drawback by 5%

  • - 20 July 2020 2:28 PM

The duty drawback rate on gold has been increased while that on silver jewellery has been reduced

WGC: Indian Jewellers Must Enhance Digital Strategy To Succeed Post Covid-19

  • Gold - 20 July 2020 2:18 PM

Online gold market in India is in its nascent stage, accounting for approximately 1-2 per cent of overall gold sales by value

GJEPC Proposes Measures To Boost Exports From SEZs

  • Gold - 20 July 2020 2:09 PM

In a recent video meeting with the Department of Commerce, the GJEPC outlined a few suggestions that would drive Indian exports from SEZs on an upward growth trajectory

Govt. Increases Duty Drawback on Gold by 16%; But Reduces Silver Duty Drawback by 5%

  • - 16 July 2020 12:17 PM

The previous revision in the gold duty drawback rate was done on 28th January, 2020, following which the gold price has risen steadily. The GJEPC represented the matter to the Department of Revenue and urged it to revise the drawback rates

Aisshpra Gems and Jewels launches ‘Hope Collection’

  • Company - 16 July 2020 11:23 AM

Uttar Pradesh’s Jewellery Chain Aisshpra Gems & Jewels has launched its new collection to inspire us with a glimmer of hope in our life through its ‘Hope Collection’ to embark the ‘New Normal’

 

New Normal Series: Jaipur

  • Company - 15 July 2020 4:52 PM

Jewellery hub Jaipur pins all its hopes on the wedding season

The pink city is reeling under the pandemic pressure. All the same, jewellery retailers are hopeful that things will improve in the near future, business will pickup and industry will rise and shine soon enough

Gorgeous Selection of Beautiful Rakhi Gifts

  • Company - 13 July 2020 12:24 PM

Beautiful Rakhi Gifts for your Sister by Jewellery Designer Archana Aggarwal

PNG Jewellers Announces the ‘Shubh Aarambh’ of this Wedding Season

  • Company - 11 July 2020 3:56 PM

PNG Jewellers has announced an innovative and unique wedding jewellery scheme

Gold Retailers Announce Attractive Discounts to Lure Customers to Beat Escalating Gold Prices

  • Gold - 11 July 2020 3:48 PM

Restrained retail demand for gold in India compels dealers to offer discount on purchase of gold

Investment in Gold Escalates

  • Gold - 11 July 2020 3:32 PM

All that glitters is indeed gold! Relevance of yellow metal to Indian economy is evident in recent investment spurt
 

Silver Investment Demand Up 10% In H1 2020

  • Silver - 11 July 2020 3:21 PM

Investors rushed to buy silver-backed exchange-traded products and silver bullion coins in the first half of this year

GJEPC’s 6 New CFCs To Be Operational By Dec 2020

  • Gold - 10 July 2020 10:55 AM

Steering Committees are being setup to help MSMEs put business in order, so as to procure export orders

Tanishq Reopens 95% of Stores; Sees Better Recovery In Non-metros

  • Company - 09 July 2020 4:39 PM

Tanishq, the jewellery arm of Titan Industries  reported that revenues for the first quarter of the fiscal year 2020-21 were impacted by the pandemic

GJEPC UNCUT 2020 Workshop Series: Dr. Parag K. Vyas Will Demonstrate How to Enhance Productivity in Jewellery Manufacturing

  • Rough - 09 July 2020 4:26 PM

Dr. Parag K. Vyas will hold a series of five workshops and training sessions organised by the GJEPC

Jewellery making workshops seek permission to reopen in TN

  • Gold - 08 July 2020 2:05 PM

As Chennai market is re-opening, workshops and factories need to complete their orders, however due to strict lockdown, they are unable to do so

Titan Jewellery Records 'Better than Expected' Sales During June Quarter

  • Company - 08 July 2020 1:55 PM

Titan Company unit states recovery in jewellery division has been "better than originally envisaged" 

Rubies – Gemfields’ Final Film Explores July’s Birthstone

  • Company - 08 July 2020 10:29 AM

Gemfields is proud to announce the release of the fourth and final installment in its short film series devoted to coloured gemstones 

WGC Report: Global Gold-Backed ETF shows spurt in 7th Consecutive month

  • - 07 July 2020 7:31 PM

Gold-backed ETFs (gold ETFs) recorded their seventh consecutive month of positive flows, adding 104 tonnes (t) in June

Pandemic Takes Toll of Profits of G & J Manufacturing Sector

  • Gold - 07 July 2020 12:29 PM

From a manufacturers’ perspective the industry has been hit very hard, here’s an analysis of the difficulties faced by this sector

GJEPC Chairman, Vice Chairman and ED Discuss Critical Issues with Finance Minister

  • Gold - 06 July 2020 5:59 PM

GJEPC Chairman Colin Shah, vice chairman Vipul Shah, and ED Sabyasachi Ray discuss concerns pertaining to SNZ and GST amongst other issues

As Recessionary Pressures Mount, Jewellers Melt Inventory To Meet Business Expenses

  • Gold - 06 July 2020 3:51 PM

Jewellers have begun melting newer ornaments to reduce inventory 

UP Govt May Set Up Jewellery Park To Create Jobs For Migrant Artisans

  • - 06 July 2020 3:40 PM

Gems and jewellery artisans may get better employment opportunities in UP

Senco Gold & Diamonds Opens New Store, Reaches The 100th Store Milestone

  • Company - 06 July 2020 3:29 PM

Senco Gold & Diamonds opened its second store in Bowbazar, Kolkata, the gold hub of eastern India. With the opening of this store, the retail brand has crossed a milestone of having 100 stores across India

Reliance Jewels’s Gratitude Initiative To Celebrate ‘The Real Gems Of The Nation’- Doctors Of India

  • - 04 July 2020 11:22 AM

In the wake of the COVID-19 pandemic, Reliance Jewels strives to uplift the spirits of Doctors and awaken a spirit of kindness among citizens

Colin Shah: Promoting Ease Of Doing Business A Top Priority For GJEPC

  • Gold - 04 July 2020 9:10 AM

GJEPC Chairman Colin Shah expounded on the way forward for boosting manufacturing and exports

GJEPC Top Brass Meets Industries Minister Subhash Desai

  • Mumbai - 03 July 2020 2:54 PM

GJEPC discusses matters of importance with Minister Subhash Desai

Tiffany Launches Infinite Strength Campaign and Commits $2 million+ to Covid-19 Recovery

  • Company - 03 July 2020 2:45 PM

Luxury jeweller Tiffany & Co. recently launched the Tiffany Infinite Strength campaign and pledges generously to Covid-19 relief fund

Kalyan Adds Video Calls in Selling Gold Jewellery

  • Company - 02 July 2020 6:15 PM

Kalyan Jewellers has launched a live video calling facility for customers in the UAE

Long Road Ahead for Export Recovery: Report

  • Retail Report - 02 July 2020 5:53 PM

Any prolonged disruption due to COVID-19 could materially impact credit and liquidity profiles of companies in export-dependent sectors such as textiles, gems and jewellery, etc; a report on July 1 said

Kalyan Jewellers Strengthens Leadership Team with Company’s First CEO, Appoints Two New Directors

  • Company - 02 July 2020 2:48 PM

Promotes Chief Operating Officer, Sanjay Raghuraman, to the position of Chief Executive Officer. Strengthens leadership team by appointing ex-Shoppers Stop CEO, Salil Nair and ex-L&K Saatchi & Saatchi CEO, Anil Nair as additional directors on the company’s board

GJEPC: Revised Definition of MSME Will Benefit Large Number of Exporters from G&J Sector

  • Gold - 02 July 2020 2:30 PM

The Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the revised definition for Micro, Small and Medium Enterprises (MSME) announced by the Government of India

GJEPC Contributes Rs 20 Lakh To UP Govt

  • Gold - 01 July 2020 12:15 PM

GJEPC contributes Rs.20 lakh towards UP Govt.'s fight against Covid-19
 

India International Jewellery Show (IIJS) Rescheduled to January 2021

  • Events - 01 July 2020 12:05 PM

World renowned and India’s largest jewellery trade show, the India International Jewellery Show (IIJS) Premiere rescheduled to January 2021

Discounts on gold in India go up as prices hit record high

  • Gold - 30 June 2020 5:08 PM

Record high prices and coronavirus crisis have hurt physical gold demand in India, but investment demand for gold across the world remains robust

The New Normal: Uttar Pradesh

  • Company - 27 June 2020 10:54 AM

Charm of gold overpowers all worries

The land of the Ganges sees a steady rise in gems and jewellery business and worries about migrant karigars

Gold Price Hits Historic High, Crosses Rs 50,000 Mark In Delhi, Amidst Uncertain Global Economic Conditions

  • - 25 June 2020 3:29 PM

Gold price on June 25 in Delhi retail bullion market has crossed the historic Rs 50,000 mark to. It was slated at Rs 50,405 per 10 gm

The New Normal Series: Maharashtra (Tier I & II)

  • Company - 23 June 2020 6:16 PM

Smaller cities of Maharashtra are beginning to see some hope with gold being favoured over diamonds any day

Footfall in tier 2 & 3 cities in Maharashtra have exceeded expectations, although jewellers are facing challenges because sales staff and customers from red zones are unable to come to the stores

C. Krishniah Chetty Group Of Jewellers Will Stop Chinese Pearls From Their Offerings

  • Company - 23 June 2020 10:23 AM

Bengaluru’s 150-year old jewellery brand, C Krishniah Chetty Group of Jewellers has decided to stop import of cultured pearls from China, in their jewellery

Narayan Jewellers By Ketan And Jatin Chokshi Launches New York Fashion Week Fall-Winter 2020 Collection In India

  • Company - 22 June 2020 12:03 PM

The 80-year old renowned jewellery brand from Vadodara launches its world-famous collection in India

The New Normal Series: Kerala

  • Company - 20 June 2020 9:19 AM

It’s Not All Glitter in God’s Own Country

Jewellers in the coastal State of Kerala are looking for ways to battle the economic downturn resulting from the pandemic…

‘Better Ecommerce Policy And Conversion Of SEZs Into Manufacturing Zones Is Important’

  • Gold - 19 June 2020 1:12 PM

In a television interview, GJEPC Chairman, Colin Shah highlighted points, which pave the way for rapid progress of gems and jewellery sector in the months to come…

Gems, Jewellery Exports Fall 82.31 Per Cent In April-May To Rs 4,328.54 Crore

  • Gold - 17 June 2020 1:28 PM

The industry will recover faster if there is credit availability and faster momentum in ease of doing business

Gold Prices Fell Rs 600, While Silver Slides Rs 1,500 In Two Days

  • Gold - 16 June 2020 5:20 PM

Gold prices fell sharply in Indian markets on June 15, tracking a decline in global rates

India Ratings and Research Study Expects 25% Decline in Jewellery Revenue in FY 2020-21 Due to COVID-19 Impact

  • Retail Report - 16 June 2020 4:47 PM

As per the study by India Ratings and Research (Ind-Ra) to assess effect of lockdown on retail jewellery sector -- it said the effect was 'dampening'

The New Normal Series: Punjab

  • Company - 15 June 2020 6:10 PM

Why Jewellery Business Is Taking Time To Pick-Up In Punjab?

Across the whole of India, buying jewellery is a long standing tradition. So also in Punjab, which is called the ‘land of abundance’

ORRA Reopens Stores in a Phased Manner Keeping in Mind all Safety Measures

  • Company - 15 June 2020 12:22 PM

Strong measures in place to ensure safety of its staff and patrons

The New Normal Series: Hyderabad

  • Company - 12 June 2020 6:11 PM

Video calls with clients & focusing on affordable, smaller pieces of jewellery are part of the New Normal for Hyderabad-based jewellers 

People are still stricken with fear regarding the pandemic and only small ticket items are selling share jewellers from Hyderabad

PANGEMTECH Conducts Educational Webinars

  • Gold - 12 June 2020 11:09 AM

Dr. Jayshree Panjikar has started Educational Webinars on various Gemstones and Diamonds 

Post Lockdown: Pawning Gold Is Easier Than Getting Bank Loans

  • Gold - 11 June 2020 5:07 PM

Gold-backed loans are becoming more popular with banks, which tend to consider them safer than other unsecured borrowing

Jewellers Vote For More Gold Purity Standards, Ask For Extension Of Deadline For Hallmarking

  • Gold - 11 June 2020 5:00 PM

Jewellers vote for more gold purity standards, seek extension of hallmarking deadline

GJEPC Announces Election Results; Colin Shah, Chairman & Vipul Shah, Vice Chairman

  • Mumbai - 10 June 2020 7:10 PM

GJEPC's new panel inculdes veterans across various segments in the gems and jewellery industry

The New Normal Series: Karnataka

  • Know Your Client - 09 June 2020 4:28 PM

Karnataka jewellers waiting for festive season with bated breath

Gold and silver buying is a trend which will never get outdated in India – it is backed by years of traditional and historic significance and jewellery retailers in Karnataka vouch by this tradition. We spoke to many jewellers in Karnataka and this is what the new normal is looking like…

 

Gems & Jewellery National Relief Foundation (GJNRF) Extends a Helping Hand During Covid 19 Pandemic

  • Gold - 09 June 2020 2:41 PM

GJNRF distributed 26000 masks (including N95 wherever required), 20000 PPE gowns, 200 PPE kits, 20000 goggles, 20000 gloves, 12000 litres of sanitisers, 960 Covid testing kits, 50 Infra digital Thermometers, 50 Oxymeters to various Hospitals and zonal Police stations

Celebrate Best Friends' week with Mia by Tanshiq

  • Company - 08 June 2020 7:39 PM

Mia by Tanishq, one of India’s most fashionable jewellery brands has unveiled exciting offers to celebrate the Best Friend's Week

SEBI Eases Norms for Disposal of Physical Gold, Silver Assets Held by MFs

  • - 06 June 2020 3:42 PM

In a circular, the Securities and Exchange Board of India (Sebi) said that disposal time is now 180 days for physical gold and silver assets

Jewellery Stores in Zaveri Bazaar Re-Open, Post Lockdown, Await Buyers

  • Gold - 06 June 2020 3:10 PM

As lakhs of artisans, primarily migrants labourers left Zaveri Bazaar amid lockdown, jewellery making charges likely to rise in near future

Forevermark Diamonds Stands by Its Commitment to Protect The Environment And Wildlife This Environment Day

  • - 05 June 2020 11:59 AM

On International Environment Day, Forevermark reiterates their commitment to protect wildlife and keeping responsible sourcing at the very centre of their business

Titan likely to Show Negative Profits, as Stores are Shut Due to Lockdown

  • Company - 04 June 2020 1:21 PM

The Titan Company is likely to have a negative profit in the first half of the year amid “very marginal” sales due to the lockdown across India

Designer Pavit Gujral wins Prestigious Saul Bell Designs Awards 2020

  • Events - 03 June 2020 2:30 PM

Indian Jewellery Designer, Pavit Gujral, wins the prestigious SAUL BELL DESIGNS AWARDS 2020, organised by Rio Grande in the USA

Hummingbird Resources Joins the World Gold Council

  • Gold - 02 June 2020 4:30 PM

Hummingbird Resources engages in the exploration, evaluation and development of mineral properties in West Africa with a primary focus on gold

A Journey Of Luxury With The Natural Diamond Council

  • Polished - 02 June 2020 4:15 PM

Diamond Producers Association (DPA) rebrands itself with a new consumer-facing identity and digital platform called ‘Only Natural Diamonds’

All India Gem & Jewellery Domestic Council Rolls Out ‘StayInTouch’ Initiative for Members

  • Technology - 01 June 2020 5:19 PM

It is a unique programme to help retailers display their inventory online

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