Page 2 - Jewellery Industry

Jewellery start-up Melorra enters offline retail, plans 350 stores in 6 yrs

Company to invest $50 mn on foray; stores will be located at malls and high streets across India and range from 500-1,500 sq ft

Credit outlook negative for gold jewellery retailers in FY21: Crisil

The number of new store additions is expected to reduce to almost a third of the average between fiscals 2017 and 2020, it said

Gem export council seeks Rs 900 cr package to boost jewellery manufacturers

This package will be used for setting up 'Model Manufacturing Workshop' that will focus on upgradation of skill development programmes, he added, Council Chairman

Covid-19 impact: Jewellery retailers take up digital channel to boost sales

WGC said the Covid-19 disruption has caused jewellery retailers India to re-evaluate their existing business model

Three standards for hallmarked gold not enough, need more, say Jewellers

In view of the disruption in the wake of the Covid-19 crisis, they also urged the government to extend the next year's deadline for mandatory hallmarking.

Customers don't come to buy but to sell old stuff as jewellery stores open

Jewellery offtake down to 15-20% of May sales in the previous years

Cash usage now at pre-demonetisation levels: CMS Info Systems report

The report stated that industries, such as logistics and jewellery, had seen the biggest increase in usage over the past two years

Jewellery industry urges govt to cut import duty on gold, polished diamonds

Agrawal also announced that GJEPC is coming up with a new show in Jaipur in Rajasthan -- India Gem and Jewellery Show -- to be held from April 1-3, especially for international buyers.'

Facility centres for jewellery sector to help workers improve quality: Govt

Gems and jewellery exports account for more than $40 billion (about Rs 2.84 trillion) annually, employing more than 5 million people across the country

Tougher norms for high-value gems and jewellery transactions on cards

Preliminary discussions have taken place, said an informed source. Aadhaar is considered better for this purpose than the idea of a PAN (income tax) number

MSE sentiment down for the third quarter in a row: CRISIL-SIDBI survey

The reading on the index for January-March 2019 was 122; it was 128 in the October-December 2018 quarter and 124 in the July-September 2018 quarter

Jewellery industry welcomes mandatory hallmarking from Jan 2021

Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present

Will work with gems, jewellery industry on import duty demand: Piyush Goyal

He also asked the industry to follow legal practices such as doing digital transactions to enhance the integrity of the sector

Code of conduct soon for jewellers as sector aims to restore consumer trust

World Gold Council to initiate talks with industry bodies; move is aimed at controlling jewellers' default, building lender's confidence as well

Jewellers hope to sail through festive season on discounts, demand revival

Discounts and incentives are one attractions jewelleres are offering along with new designs to attract customers to push sales ahead of Diwali

Crucial Diwali for jewellers: Will consumers lift demand for the industry?

If this Diwali season fails, the jewellery industry is expected to face huge losses

Soon, govt may re-introduce credit insurance scheme for jewellery exporters

Since the $2-billion Punjab National Bank scam was discovered last year, the entire gems and jewellery sector has faced a massive liquidity crunch, as banks have put it on a negative list

Family jewellers' survival at stake as consumers shift to large brands

Organised chains, which make up half the retail market, are being trusted increasingly for assured resale value of old ornaments, discounts in making charges

Jewellery industry has moved from investment to adornment: CK Venkataraman

The emphasis on new products and innovative collection has significantly increased in Tanishq over the years

Jewellery industry to take a year to stabilise post GST: WGC

The new taxation system will provide a more transparent environment as well as curb illegal trades