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
Gold Jewellers See Sales Surge by 35-40% Following Duty Reduction
A recent reduction in gold import duties—from 15% to 6% in the latest budget—has led to a remarkable 35-40% increase in sales for gold retailers across India. This dramatic shift has provided a much-needed boost to an industry that had been struggling with high prices and stagnant sales
Thangamayil Jewellery Q1 Results: Profit Falls by 3.5% YoY
Thangamayil Jewellery has announced its Q1 results for the fiscal year 2024, revealing a mixed financial performance. While the company's revenue saw a significant increase, its profit experienced a slight decline
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
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
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
Central Bank gold reserves reduce sovereign credit risk: India Gold Policy Centre
While macro-economic policies can reduce sovereign risk, gold holdings of a country’s Central Bank have a strong impact during periods of turmoil
G & J Exports Witness Growth Of 16.63% To US$ 3369.65 Million In April 2021 As Compared To US$ 2889.12 Million In April 2019, Pre Pandemic Year
- * GJEPC Seeks Support From Govt To Continue Momentum Of Gem & Jewellery Exports
- * Achieved Over The Last Few Months
- * International markets are open and demand for G&J has started to come back
- * However domestic challenges due to Covid-19 second wave are hurdles in first half of the year
GJEPC Seeks Additional Govt. Relief As Second Wave of Covid Hits the Industry
GJEPC is seeking further assistance from the Government of India to tide over the challenges arising from the outbreak of the deadly second wave of Covid-19 in India
GJEPC Webinar Briefs MSMEs On Importance Of Credit Ratings
GJEPC held a webinar for micro, small & medium enterprises (MSMEs) on 22nd April
Increase In Gold Loan LTV Will Heighten Credit Risks For Banks
The RBI had on August 6 increased the LTV ratio for gold loans by banks to 90 per cent from the earlier 75 per cent
