Aditya Birla’s Indriya Sets Ambitious Expansion Target in Jewellery Retail
Aditya Birla Group’s jewellery brand Indriya is rapidly expanding its footprint in India’s Rs 7-lakh-crore jewellery market. Since its launch in July 2024, the brand has opened 22 stores across 11 cities and aims to scale up to 100 outlets by the end of FY26
Gold Jewellery Demand Expected to Grow 14-18% in FY25: ICRA Report
The ICRA report projects a robust 14-18% year-on-year growth in India’s gold jewellery consumption for FY25, driven by factors like the customs duty cut, festive demand, and rural income boost. Organised retailers are expected to lead the growth with network expansions and rising consumer preference for branded jewellery
GJEPC Targets 20% Export Boost to UAE with IGJS Dubai 2024 in FY 24-25
The 4th edition of the International Gem & Jewellery Show (IGJS) Dubai 2024, organized by the Gem & Jewellery Export Promotion Council (GJEPC), has officially launched. With a goal to increase India’s gem and jewellery exports to the UAE by 20% in FY 2024-25, the event highlights the deepening trade relations between the two nations
Gold Jewellery Demand Poised to Surge in Coming Months, 18% Volume Increase Forecast by Nuvama
The Indian jewellery market is set for a strong rebound in the coming months, with Nuvama predicting an 18% surge in gold jewellery demand
Budget 2023: What Jewellers Want?
Finance Minister Nirmala Sitharaman will present the budget on the Parliament on February 1, 2023. With the approaching central elections, popular consensus on this year’s budget is that it would be growth-oriented, with a focus on infrastructure, inflation, manufacturing and rural economy
Founder of Malabar Gold & Diamonds, MP Ahammed demands a reduction in import duty to curb gold smuggling
A reduced import duty will make gold smuggling less attractive and will eventually drive the illegal gold out of the markets.
World Gold Council launches Jewellery Demand and Trade Report
The report examines the demand and importance for gold jewellery in India after a shift in the consumer behavior over the years.
Consumption of gold jewellery to rise in FY23: Icra
Revenues of organized retailers are likely to grow at a higher pace of 14%, backed by their aggressive store expansion plans and a gradual shift from the unorganized segment towards the organized one
Gold imports see a decline in 2020-21
However, gold consumption increased to 797.3 tonnes in 2021, the highest in the past five years, according to the WGC
Demand for gold high amidst rise in prices
As Covid-19 recedes and the kamurta period ends, weddings are being organized in a big way again, leading to high demand for gold
Pent-up demand driving gold sales this Diwali
Demand is primarily driven by a firm grip on the pandemic, with higher vaccination rates and falling infection rates leading to a rebound in economic activity
India's Q2 Gold Jewellery Demand Muted By Second Covid Wave: WGC
Demand for gold in India yet to pick up in Q2 of 2021
Weddings, Lower Prices Drive Up India's Q1 Gold Jewellery Demand: WGC
According to World Gold Council’s (WGC’s) latest Gold Demand Trends report, India’s Q1 demand for gold grew 37% to 140 tonnes compared to Q1 2020 (102 tonnes) buoyed by factors such as lower gold prices
Strengthening Consumer Demand Mitigates Impact Of Gold-Backed ETF Outflows
Gold investment demand fell in Q1, while value of gold jewellery purchased by consumers enjoyed a post-Covid rebound, rising to 477.4t - a 52% annual increase
Industry basking in DIwalI Cheer
Diwali sales has brought a shine on the G & J business as retailers have begun booking good profits for the season. Here’s what retailers have to say
