jewellery
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Export of gems and jewellery falls over 18% in August due to global consumption slowdown
The exports of gems and jewellery from India in August declined by 18.79% to USD 2,012.51 million,͏͏ compared͏͏ to͏͏ USD͏͏ 2,478.23͏͏ million͏͏ in͏͏ the͏͏...
India’s commerce ministry proposes task force to boost gem and jewellery exports
The commerce ministry is mulling the establishment of a task force for the gem and jewellery industry to͏͏ address͏͏ the͏͏ challenges͏͏ faced͏͏ by͏͏ the͏͏...
BlueStone’s FY24 revenue surpasses INR 1,000 Cr, loss narrows 15% to INR 142.2 Cr
Omnichannel jewellery brand Bluestone reduced͏͏ its͏͏ loss͏͏ by͏͏ nearly͏͏ 15%͏͏ year-on-year͏͏ (YoY)͏͏ to͏͏ INR͏͏ 142.2͏͏ Cr͏͏ in͏͏ the͏͏ financial͏͏ year͏͏ 2023-24͏͏ (FY24),͏͏ while͏͏ its͏͏...
Gold jewellery demand set to rise with 18% volume growth anticipated, says Nuvama Report
India's jewellery market is experiencing a shift in buying trends,͏͏ with͏͏ a͏͏ broader͏͏ range͏͏ of͏͏ customers͏͏ driving͏͏ demand͏͏ in͏͏ the͏͏ second͏͏ quarter͏͏ of͏͏ 2024.Increased͏͏...
Jewellery brand Trisu raises pre-seed funding led by All In Capital to drive market expansion and innovation
Jewellery brand Trisu has successfully closed its first pre-seed funding round, led by early-stage venture capital firm All In Capital. The round also saw...
PN Gadgil Jewellers’ IPO fully subscribed on first day with 2x subscription
The initial public offering of jewellery retail chain PN Gadgil Jewellers Ltd was fully subscribed within hours of opening for bids on Tuesday, closing...
PN Gadgil Jewellers raises INR 330 Cr from anchor investors ahead of IPO
PN Gadgil Jewellers has secured INR 330 crore from anchor investors by issuing 68.74 lakh shares to 25 anchor investors ahead of the issue's...
Budget import duty cut to boost gold jewellery retailers’ revenues by 22-25% this fiscal: CRISIL Report
A CRISIL Ratings analysis of 58 gold jewellery retailers, representing a third of the organised jewellery sector's revenue, indicates that revenues for organised gold...
Malabar Gold & Diamonds to open 20 new showrooms in October
Indian jewellery brand Malabar Gold & Diamonds plans to open 20 new showrooms in October across India, the GCC, and the USA, boosting its...
CaratLane CEO Avnish Anand steps down after nine years with the company
Avnish Anand, co-founder, Managing Director, and CEO of Tata-owned omnichannel jewellery startup CaratLane, has stepped down after a nine-year tenure with the company.In a...
Reliance Retail expects 2x growth in revenues and EBITDA over the next 3-4 years
Reliance, India's largest retailer, plans to double its revenues and EBITDA within the next 3-4 years. The company is also set to grow its...
India sees surge in diamond purchases as prices for solitaires drop
Indians are increasingly buying diamonds, spurred by a drop in solitaire prices since last Diwali. Jewellers are optimistic about strong sales of solitaires in...