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Jewellery retail

Nirav Modi seeks permission to appeal extradition to India in UK top court

If the former retailer’s attempt to have his appeal heard in the Supreme Court fails, in principle, Nirav Modi can apply to the European Court of Human Rights (ECHR) to try and block his extradition By Aditi Khanna London: Fugitive diamond merchant...

Kalyan Jewellers India Q2 PAT up 54.02 pc at Rs 105.92 cr

Revenue from operations of the company grew by 20.22 per cent during the quarter under review to Rs 3,472.91 crore, compared to Rs 2,888.69 crore in the same period a year ago Mumbai: Kalyan Jewellers India on Thursday reported a 54.02...

Organised jewellery retailers stare at halving of revenue growth

Revenue growth of organised jewellery retailers is set to slide 500-600 basis points (bps) to 5-6 percent over fiscals 2020 and 2021, following triple headwinds of higher import duty, elevated gold prices, and sluggish demand. That’s half the compound annual...

Jewellery stores overcomes note-ban shadow, see jump in gold sales on Akshaya Tritiya

With cash flow almost normalising after demonetisation, customers on Friday thronged jewellery shops across the country to celebrate Akshaya Tritiya. "We are seeing good footfall in our stores. In the last two months, after demonetisation, people have again started buying...

Low demand from jewellers due to cash crunch leads to fall in gold prices

Gold prices fell by Rs 30 to Rs 27,900 per 10 grams on Monday owing to slackened demand from jewellers, even as the metal strengthened overseas. Silver, however, advanced by Rs 350 to regain the Rs 40,000 per kg mark on...

From occasion-based purchase to everyday use: Jewellery retail shines bright in India

The jewellery market in India is one of the largest in the world. With a multitude of players in both organised and unorganised spaces, consumers are spoilt for choice. According to a recent report by the Indian Brand Equity...

Vikram Raizada to Head Jewellery Segment with Amazon

Amazon has hired former Tara Jewels executive director and CEO, retail, Vikram Raizada as director, category management to head its jewellery segment, even as online retailers continue to sniff a plethora of opportunities in the high-margin fashion, lifestyle and...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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