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RAI retail business survey indicates spike in jewellery and footwear sales; could be attributed to wedding season

The eastern and western parts of India witnessed a growth of 17% in November 2022, while north and south India saw a 13% growth, the Retail Business Survey by the Retailers Association of India revealed Mumbai: The 34th edition of...

Gems and jewellery exports rise 12 pc to Rs 19,855 crore in November: GJEPC

In November, the overall gross export of Cut and Polished Diamonds (CPD) grew 4.97 per cent to Rs 10,202.54 crore compared to Rs 9,719.72 crore in November 2021 Mumbai: The gems and jewellery exports grew 11.83 per cent to...

Melorra hits an Annual Recurring Revenue of $100 million

Melorra plans to reach USD 1 billion in revenue by 2026 and launch 350 stores across the world by next year end New Delhi: D2C jewellery brand Melorra has clocked Annual Recurring Revenue ARR of USD 100 million. The brand has...

Claire’s opens shops in Macy’s stores

Claire’s offers hair accessories, jewelry and cosmetics all year, as well as seasonal items By Daphne Howland New Delhi: Claire’s is opening shop-in-shops in about 21 Macy’s locations nationally, including eight flagship stores, the companies announced Tuesday. The shops, which began opening...

Online jewellery platform Mabel raises $1.5 Million in seed funding

The seed funding round of Mabel was led by Whiteboard Capital, Sauce VC and Incubate Fund Mumbai: Mabel, an online jewellery shopping platform, raised $1.5 million in seed financing led by Whiteboard Capital, Sauce VC and Incubate Fund. The company plans...

Kalyan Jewellers plans to add 52 showrooms in 2023

Kalyan Jewellers plans to expand its retail footprint by adding 52 showrooms focusing on non-South region Mumbai: Kalyan Jewellers India on Thursday said it is planning to expand its retail footprint by over 30 per cent in the next calendar year...

Melorra hits an Annual Recurring Revenue of $100 million

Melorra plans to reach USD 1 billion in revenue by 2026 and launch 350 stores across the world by next year end New Delhi: D2C jewellery brand Melorra has clocked Annual Recurring Revenue ARR of USD 100 million. The brand has...

Domestic jewellery industry to witness 12 % growth in FY23: Report

The expected Jewellery industry growth will be driven by robust growth in the first quarter of FY23 along with steady wedding and festive demand Mumbai: The domestic jewellery industry, which recorded healthy sales during the festival period, is expected to...

CaratLane records 109 percent growth in EBIT in Q2

CaratLane’s Q2 FY23 revenue stood at Rs 445 Cr a growth of 54% YoY, with an EBIT of INR 29 Cr. The brand recorded like-to-like retail sales growth of 41% Mumbai: Omni-channel Jewellery chain CaratLane recorded a revenue (NSV) of Rs....

Demand for jewellery could drop by 8% and 15% in Q2 and Q3, respectively

The demand for jewellery in India is expected to contract in the second and third quarters of fiscal year 2023 due to a combination of factors including the recent hike in import duty on gold, high volatility in prices...
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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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