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Malabar Gold strengthens its presence in Saudi Arabia


Malabar Gold and Diamonds, the Kerala based jewellery group, as a part of expansion, launched its showroom at Makkah, Saudi Arabia, the holy city with a unique history and cultural diversity. The store located opposite King Fand Gate of the Grand Mosque, is the group’s 70th outlet worldwide and fifth in Saudi Arabia. The group is also planning to increase ... Read More »

Thangamayil Jewellery Q1 profit rises 42%


Thangamayil Jewellery Ltd. reported that its financial first-quarter profit increased 42 per cent year on year to US$2.7 million from US$1.9 million a year earlier. Growth was motivated by higher sales, which increased 61 per cent year on year to US $64.7 million in the period that ended on June 30, 2012. The company, which owns jewellery stores in the ... Read More »

TBZ posts total income of Rs 2,835 mn in Q1 FY 2013


Tribhovandas Bhimji Zaveri (TBZ) Limited, a well known and trusted jewellery retailer in India, has posted Total Income (standalone) of Rs 2,835 million for the quarter ended June 30, 2012. TBZ clocked a Net Profit of Rs 162.69 million for Q1 FY 2013 despite a tough economic environment, higher gold prices, jewellers strike and fewer wedding-festive occasions. Shrikant Zaveri, chairman ... Read More »

Damiani, the Italian jewellery brand plans to enter India


Italian jewellery brand Damiani has approached the government of India for seeking authorization to enter the country’s single-brand retail sector and has filed an application with the Foreign Investment Promotion Board (FIPB) in the Finance Ministry. Damiani S.p.A., the parent company of the Damiani Group, is one of the leading companies in the Italian manufacturing and trade sectors for jewellery ... Read More »

BIS to revise hallmarking prices


Speaking on the occasion of the foundation stone laying ceremony of the Northern Regional Office building of Bureau of Indian Standards (BIS), Chandigarh, Rajiv Agarwal, secretary, ministry of consumer affairs, said that BIS would revise the hallmarking charges for jewellery articles. According to the new price list Rs 25 will be charged per article and minimum charges for a consignment ... Read More »

Demand for gold loans set to revive in India


After a significant drop in business in the quarter ended June, leading gold loan companies are set to see a reversal of fortunes. Leading gold loan company Muthoot Finance reported a five per cent decline in assets under management (AUMs) in the jewellery loan category at Rs 23,082.1 crore in quarter ended June. compared with Rs 24,417.3 crore in the ... Read More »

Gold demand expected to remain soft in Q3: Commerzbank


Commerzbank, the second-largest bank in Germany after Deutsche Bank, said that gold demand in India remains worrisome for the market. Citing a report of the Bombay Bullion Association, it said that Indian gold imports from September to December will likely be just 200 to 250 metric tons on the back of record-high gold prices in the local currency, high inflation ... Read More »

Reliance Gold & WGC to launch gold buying plan for consumers


Reliance Gold, with World Gold Council as its marketing associate, is offering the ‘My Gold Plan’. This is a simple and accessible way for retail customers to buy gold. This plan helps the customer accumulate gold in small quantities on a monthly basis, based on a daily average pricing. The accumulated gold can be redeemed in the form of jewellery ... Read More »

Imtiaz Motiwala unveils emerald necklace set


I mtiaz Motiwala launched its’Emerald necklace set’, a signature collection studded with more than 600 carat of Columbian Emeralds. The jewellery set with rose cut diamonds weighing more than 34 carats and pink colour sapphires in 18k gold. The necklace is escorted with a pair of diamond earring cantered with a solitary emerald piece. It can be availed at I ... Read More »

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d702b0a64e34ff0257a71ca04c7367cf, the online diamond jewellery selling website offers wide collection of handcrafted jewel lery. It offers customised designs and the product range includes rings, engagement rings, earrings pendants etc set in white and yellow gold. Read More »