The Art of Jewellery - April 2020
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Post lockdown Buy Back of Gold Challenges and Opportunities The deadly coronavirus has activated the most primal instinct of the human race, survival. Most of the countries are under lockdown, shutting off borders, cancelling flights and breaking contact with the rest of the world. Globalization is now being replaced by isolationism as nations struggle to shield their populations from the dreaded COVID-19 pandemic and contain its spread within their borders. Indian jewellery sector is also not immune from the impact of this pandemic. India is under lockdown from 25th March onwards and at time of writing there are over 30,000 active COVID - 19 cases and more than 1000 people have died. Jewellery sector for the first time in the history experienced sales washout this year on Akshaya Tritiya. Demand for gold was down by around 95 per cent and only negligible sales happened through digital mode. Sharp rise in gold prices by over 42 per cent in the compared to last Akshaya Tritiya also a dampener the sale. COVID-19 forced jewellers to go digital with many jewellers focusing on online sales, some also introduced price protection schemes to lure customers.
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Outlook on Driving Diamond Desirability with NDC CEO, David Kellie
"Our confidence in the new campaign combined with the results we've had to date means that our traffic and engagement forecasts will be 40-50 times higher than in our recent history". David Kellie, CEO, NDC
Saroja Yeramill Meet The Entrepreneur Who Raised Rs. 165 Crores In Just 3 Years!
Who said a big fat Indian wedding only require heavy jewellery? Some families prefer going for light and affordable jewellery for their special day, and thankfully, this woman has made it possible for them to pick something intricate for the best day of their life. Meet Saroja Yeramilli, the CEO of Melorra.
Working Conditions of Karigars in the Gold Jewellery Manufacturing Industry: Niti Aayog Report
A study by NITI AAYOG (2018) on gem and jewellery industry estimated that the industry may generate a whooping 10 million employment opportunities by 2022.
Malabar Gold & Diamonds launches its 1st store in Bihar with a unique virtual inauguration
Malabar Gold & Diamonds, one of the largest gold and diamond retail chains in the country, will inaugurate its first store in Patna in Bihar through a unique virtual store launch event on September 19, 2020.
GJEPC's flagship show IIJS takes virtual leap
IIJS Virtual, the digital edition of the GJEPC’s flagship August show is scheduled in October 2020
In the Spotlight with Veronica Favoroso CEO, GemCloud
More businesses rely on the internet to go to market, generate sales and provide customer service.
High gold price boosts opportunities for Thai silver jewellery exports
Thailand is one of the world’s leading suppliers of silver jewellery, using state-of-the-art manufacturing and deft craftsmanship.
Forevermark Presents the Tribute™ Collection
- Seasons Change. A Diamond is Forever-
Fixing uniform price for gold will be anti-competition
With appetite for the yellow metal substantially reduced because of unemployment, loss of income and financial distress, there is a sharp contraction in physical demand for gold jewellery. As a result of weak demand, even monthly gold imports into the country has dwindled to low numbers in the last six months.
Jewellery Buyers Need Not Fear Price Fall In Future
Prithviraj Kothari, Managing Director of Riddhi Siddhi Bullions Limited (RSBL), a leading Indian bullion conglomerate, expressed his views on gold and silver.
