Rising Gold Prices Drive Record Jewellery Exchanges This Festive Season
As gold prices soar to historic highs this festive season, Indian consumers are redefining the way they buy jewellery — opting to exchange and recycle old gold instead of making fresh purchases. The surge in exchange-driven sales has set new records across leading jewellery brands, signalling a major shift in festive buying behaviour amid skyrocketing prices.
India's TBZ Reports 50% Rise in Q1 Profit on Increased Gold Jewellery Sales
Tribhovandas Bhimji Zaveri (TBZ), one of India’s prominent jewellers, reported a notable 50% increase in its first-quarter profit on Monday, driven by higher gold jewellery sales despite the challenge of soaring gold prices
Gold Jewellery Sales Dwindle on Gudi Padwa Due to Inflation
The Hindu festival of Gudi Padwa is considered an auspicious day for shopping, particularly for gold jewellery. However, this year, due to the skyrocketing price of gold, sales of jewellery on Gudi Padwa were less than expected.
Are Rising Gold Rates Affecting Gold Jewellery Sales at IIJS Signature 2023?
Jewellers at IIJS Signature share concerns and try to infer at what point the rates could stabilize
Akshay Tritiya Shines a Glimmer of Hope
Indian jewellers share their dreams, expectations, and sales strategies for the approaching festival
Titan Company Ltd Reports Loss In Q1 FY 2020-21
Covid-19 pandemic causes Titan Company Ltd to report a loss in Q1 FY 2020-21
Tanishq Reopens 95% of Stores; Sees Better Recovery In Non-metros
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
Titan Jewellery Records 'Better than Expected' Sales During June Quarter
Titan Company unit states recovery in jewellery division has been "better than originally envisaged"
Kerala's gold jewellery sales plummet 20-25% owing to high gold prices
The decline in bullion sale is a pan-India phenomenon, with a 70 per cent slump in sales reported countrywide
UAE's gold jewellery sales up 6%
The 10.7 tonnes they sold over the three months is the best quarterly performance since Q4-17
Less Glitter this Akshaya Tritiya Owing to High Gold Prices
Spiralling yellow metal price has marred the Akshaya Tritiya spirit across most cities with sales showing a downturn this Wednesday.
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Uttar Pradesh
Nation-wide jewellers' strike to continue till March 7
The silent agitations and protests continue as the strike enters its 3rd day.
Krizz launches B2B showroom in Ahmedabad
Krizz' Ahmedabad showroom will house over 125 kgs worth of jewellery to choose from, adding over 4000 new designs every month.
Tara Jewellers now on Snapdeal
It is a Strategy to Strengthen Its Presence in the Online Space.
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