Diamond Polishing Sector Set to Hit Decade Low with 25-27% Sales Dip: CRISIL Report
India’s natural diamond polishing industry is bracing for a steep revenue decline of 25-27% this fiscal year, reaching a decade-low of $12 billion, according to a recent CRISIL report
GJC’s Gems and Jewellery Banking Summit Advocates for Enhanced Financing Support
All India Gem & Jewellery Domestic Council (GJC) hosted an inaugural one-day Gems and Jewellery Banking Summit at the Jio World Convention Centre in Mumbai
Revenue of organised gold jewellers to rise 16-18% in FY24
Sustained high gold prices are likely to hike revenues of organised gold jewellery retailers by 16-18 per cent this fiscal, a report said on Thursday
Impact of High Gold Prices: Minimal Volume Growth Expected in FY24
The surge in gold prices is anticipated to have a dampening effect on the demand for gold jewellery, leading to minimal volume growth for organised gold jewellery retailers in the fiscal year 2023-24 (FY24).
Price to Rise for Gold and Silver Jewellery
Prices will soar as customs duty on precious metals, articles of gold, silver and platinum and costume jewellery have been increased in the Union Budget.
Dr. Bhagwat Kishanrao Karad, Minister of State for Finance Inaugurates GJEPC's Banking Summit 2022
GJEPC organised the Summit as an initiative to promote better banking and business practices
Senco Gold Limited files DRHP with SEBI for Rs 525 crore IPO
The Initial Public Offering of Senco Gold comprises fresh issue of equity shares aggregating up to Rs 325 crore, and an offer for sale of equity shares aggregating up to Rs 200 crore
Crisil: Revenue of gold jewellery retailers set to rise 12%-15% next fiscal
This will follow a strong revenue growth of 20-22% expected in FY22, albeit on a lower base of the pandemic-impacted previous fiscal
Diamond prices set to rise by a further 5%-8%: CRISIL
Prior to the Russia-Ukraine war, prices of roughs were expected to rise 10-12% on-year next fiscal -- now, CRISIL expects them to rise by a further 5%-8% amid supply-side constraints
Post Lockdown: Pawning Gold Is Easier Than Getting Bank Loans
Gold-backed loans are becoming more popular with banks, which tend to consider them safer than other unsecured borrowing
CRISIL downgrades PC Jeweller Ltd's ratings to default grade
As per the Rating Rationale "the downgrade in the rating factors in the instances of devolvement of Letter of Credits (LC) and overutilization in working capital limits for more than 30 days
Promotional schemes and new store openings could propel 10-11% growth in retail jewellery sector
This is based on an analysis of 50 CRISIL-rated jewellery retailers, which together account for about half of the revenues of the organised jewellery retail market in India
Gems and Jewellery sector likely to be hit by US withdrawal of GSP
The withdrawal of GSP will affect exporters of gems & jewellery the most because 15% of such exports availed of its benefits in 2018
P. N. Gadgil & Sons to invest Rs. 256 cr for 15 new stores
To expand retail footprint by increasing store count to 29 by FY2019 and 40 by FY2020.
GST puts organised jewellery retailers on a strong platform
Credit profiles of organised players to witness gradual recovery over the medium term.
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