India-U.S. Trade Agreement to Bring Relief to Gems & Jewellery Exporters: GJEPC
The GJEPC has welcomed the India-U.S, trade agreement announcement, saying the move could ease tariff pressures and provide much-needed relief to India's gem and jewellery exporters/
TBZ Profit Slides as Soaring Gold Prices Shift Consumer Focus to Investment
Tribhovandas Bhimji Zaveri Ltd (TBZ), one of India’s most established jewellery retailers, reported its first profit decline in ten quarters, as elevated gold prices diverted consumer interest away from jewellery towards gold as a pure investment
Kalyan Jewellers Defies Market Downturn with Q4 Profit Surge, Announces Dividend
Despite rising geopolitical tensions between India and Pakistan that dragged equity benchmarks into the red, Kalyan Jewellers' stock bucked the trend on Friday, posting strong gains after announcing robust Q4 results and a dividend
India’s Gold Imports Plunge to 20-Year Low Amid Record Prices
India’s gold imports are set to drop by a staggering 85% in February compared to the same month last year, hitting their lowest level in two decades, according to a report by Reuters
India's Gem & Jewellery Exports Plunge 21.9% in July Amid Global Economic Uncertainty
India's gem and jewellery exports took a significant hit in July 2023, plunging 21.93% to USD 1,665.4 million (Rs 13,922.03 crore) compared to the same period last year
Gold and Silver Prices Plunge Amid Mounting Economic Concerns
Gold and silver prices experienced a sharp decline on Monday, driven by growing economic concerns and a global market sell-off. The precious metals, which had recently reached new highs, are now grappling with volatility as investors react to weakening economic data and recession fears
SBI seizes PC Jeweller's New Delhi properties following a loan default of Rs.3,466 crore
PC Jewellers is experiencing operational disruptions due to this financial setback, leading to a significant drop in their second-quarter revenues for the fiscal year 2024
Highdell Investment sells 2.26% stake in Kalyan jewellers for Rs. 256 crore
Soon after the deal, shares of Kalyan Jewellers plunged 9.06% and settled at Rs 107.9 on the National Stock Exchange.
India's gold imports for January have hit a 32-month low, plummeting 76% from the previous year's numbers
The country imported 14.6 tonnes of gold in January 2023, down from 61.5 tonnes in January 2022. The lower demand for gold has affected not only India's import figures but also global gold prices, which fell on the news of India's reduced imports.
90% Drop for Gold ETFs in 2022
Gold ETFs plunged in 2022 due to the steep rise in the price of the yellow metal.
Jewellery exports to UAE to surge to $10 bn annually on back of 0% duty: GJEPC
The India-UAE CEPA will fast-track India’s goal of reaching $50 billion in exports of gems and jewellery by 2022-23, says GJEPC
Four Indian jewellery brands in Deloitte top-100 list
Kalyan Jewellers, Joyalukkas, PC Jewellers, and Tribhovandas Bhimji Zaveri Limited have ranked 37th, 46th, 57th, and 92nd, respectively, in the list
India's gold imports rise sharply to $ 7.9 bn in April-June quarter
Import of gold has gone up significantly in the April-June quarter, Commerce Ministry data reveals
Banks Increase Credit To The Gem & Jewellery Sector By 15% To INR 627 billion In Mar'21 From INR 546 billion July'20
The gem and jewellery exports have taken a severe hit due to pandemic in 2020-21, but what the industry has achieved during this period is commendable which would help it further its growth in the long term
Gems & Jewellery Export Promotion Council Suggests Changes To Gold Deposit Scheme To Make It More Attractive
The Gems and Jewellery Export Promotion Council has proposed changes in the revamped gold deposit scheme
