Breaking News

Blog

Business Prospects

-Blue-Silk-Gold-Plated-Charm-Bracelet---Peace-by-Or-Jewelry-OR-090101BB_large

The children’s jewellery range starts from Rs. 3,000 onwards. The margin (making charges) in this sector is anywhere between 12 per cent-16 per cent on an average.. Gitanjali’s Choksi evaluates the size of customized jewellery market at between Rs 1,000- 1,500 crore, with a potential to grow at 50 per cent a year.”High price of gold is not likely to ... Read More »

Gifting as a growing market:

Screen-shot-2013-06-24-at-12.18.23-PM

Children’s jewellery is definitely becoming more popular as consumers move awayfrom purchasing only classics christening pieces to designs that can be given -’birthday and festivities. I n keeping pace with this – J. most of the jewellers have created an exclusive segment for kid’s jewellery and agree that, sales have registered an increase ever since. Gold is the most preferred ... Read More »

Niche Market

14k-gold-princess-cut-invisible-diamond-earrings-57ct-p-161

“The competition in this niche sector has increased over the past three to five years, but not many brands have stayed the course, and it is a very competitive market;’ says a spokesperson from Bhima Jewellers, Thiruvananthapuram. According to Anantha Padmanabhan, managing director, NAC Jewellers, Chennai, “Our collection for kids, called Young Ones is dedicated to redefining the jewellery category ... Read More »

Children’s Jewellery: A good business prospect?

2

Be it child birth, naming ceremony, initiation into schooling, or birthdays, gold is an integral aspect of these celebrations in many communities in India. For instance, in Kerala, when a baby is born, the oldest woman in the family dips a gold coin in honey and touches the baby’s tongue with it. Similarly, when the child is about three or ... Read More »

Movado Group Q2 profit up 78% to USD 8 mn

full125

Movado Group reported that revenue rose 4.2 per cent Y-o-Y to USD 118 mn for the second quarter that ended on July 31. The retailer held costs of sales flat at USD 52.3 mn, which helped boost income 78 per cent Y-o-Y to USD 8.2 mn. Sales growth was partially offset by the group’s planned reduction in sales of the ... Read More »

Pure Gold Jeweller’s plans Sri Lanka foray

Mens-Jewellery-Gold2

Kure Gold Jewellers of Dubai is thinking of expanding its operations to Sri Lanka. Pure Gold Jewellers which operates more than 100 stores across the Middle East. This will be followed by other countries like Maldives and Malaysia with new stores in a span of five years. “The ministry of industry & commerce is facilitating jewellery industry development through initiatives ... Read More »

Tiffany’s Q2 sales, earnings up 2%

Diamond

Tiffany and Co.’s revenue rose 1.6 per cent Y-o-Y to USD 886.6 mn for the second quarter that ended on July 31, while cost of sales jumped 8.2 per cent to USD 387.4 mn. Earnings rose two per cent Y-o-Y to USD 91.8 mn or 72 cents per share. Gross margin as a percentage of sales fell to 56.3 per ... Read More »

China’s largest jewellery complex to open in Hubei

M.95-1909_610px

A massive jewellery manufacturing complex is being constructed in the National Industrial Park in Hubei Province. It will be the largest manufacturing facility of its kind in China which is expected to become operational in 2015. Located in Wufeng district, the Three Gorges International Jewellery Complex aims to engage in the complete production pipeline mainly focusing on high-end jewellery, from ... Read More »

Bonaparte to head JA from 2013

Napoleon-ring

jewelers of America (JA), the national trade association for businesses, serving the fine jewellery retail marketplace has announced the appointment of David Bonaparte as their next President and CEO. Bonaparte will succeed Matthew A Runci when he retires in January 2013. JA’s board of directors (BoD) approved this appointment at their semi-annual meeting conducted. As Sr Vice President, JCK Brands ... Read More »

Anglo American H1 profit nosedives

url

Miner Anglo American missed expectations with an almost 40 per cent drop in profits as faltering global economic growth hit prices, and the miner sparked further disappointment with a 12-month delay for its trouble-prone Brazilian iron ore project. mining major to report first-half earnings, came in below market forecasts with a 38 per cent drop in operating profit to USD ... Read More »