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Jewellery demand to grow 30-35% in FY22 over FY21: India Ratings Report

Despite the steep fall in gold prices and the resultant fall in realisations, retail jewellers are likely to sustain the ongoing demand recovery into the next fiscal with a 30-35% spike in demand, according to a report. There was strong demand recovery...

The evolving role of gold jewellery: Recent trends & what the future holds

The love for jewellery, especially gold is not a new thing for the Indian consumer. The fascination for gold is centuries old and with time it has been an integrated part of the retail and Indian economy. It is...

Post COVID-19: How will jewellery business change

Markets across all the sectors have been affected due to the increasing number of COVID-19 cases, each passing day. Like others, India’s jewellery industry has also been one of the impacted sectors because of the outbreak and there will...

Jewellery industry needs digital strategies for post-COVID growth: Report

The jewellery industry which is going through a slowdown in consumption demand amid the pandemic would require digital strategies for its growth post the COVID-19 crisis, according to a report by the World Gold Council. The report noted that although...

Cash purchase of jewellery over Rs 2 lakh to attract 1 pc TCS from April 1

Cash purchases of jewellery will attract 1 per cent TCS (tax collected at source) from April 1 if the amount exceeds Rs 2 lakh, as against the current threshold of Rs 5 lakh. According to a PTI report: Once the...

Currency Ban: Jewellers shut shops for 12th day after I-T survey

Gold and jewellery establishments in the national capital remained closed for the 12th day today after the Income Tax Department conducted surveys following reports of alleged profiteering and tax evasion by traders and other operators in reported conversion of...

Bluestone expands presence, now available on Myntra

Online jewellery retailer BlueStone.com has launched a wide range of gold and diamond jewellery on Myntra to reach and serve a wider spectrum of customers across the country. Available on Myntra would be a large collection of about 2500 designs,...

BlueStone goes aggressive on marketing, to invest Rs 40 crore this year

Ratan Tata-backed BlueStone.com will invest Rs 40 crore on marketing over the next 12 months as it looks to expand in the nascent-yet burgeoning online jewellery market in India. As reported by PTI: The company, which introduced new facilities like...

Gems, jewellery exports to remain under pressure: ASSOCHAM

Apex industry body ASSOCHAM has urged the government to extend incentives like interest subvention, Merchandise Exports from India Scheme (MEIS) and others to promote gems and jewellery (G&J) exports that have been marred by global slowdown thereby putting at...

Jewellery retailer Voylla aims to establish itself as a global brand

Jaipur-based fashion jewellery retailer Voylla is all set to hit the international markets with five shop-in-shop outlets across malls in Dubai, Ras al-Khaimah, and Abu Dhabi, with an aim to establish itself as an international brand. After UAE, it plans to have...
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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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