Cash-for-Gold Gains Ground as Jewellers Prepare for Festive Demand
Organized jewellers are expanding cash-for-gold programmes ahead of the festive season as elevated bullion prices affect fresh demand and retailers seek greater access to recycled gold.
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).
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
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
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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