Thursday 27 October 2016

#AOJQuote of the day 27th October 2016:

“The season started well and the general mood is very good, so seeing this positive trend we are expecting 25-35 per cent growth from last year. Moreover, Rs 30,000-35,000 ticket size to move more this festive season.” 
Mehul Choksi, Chairman & MD, Gitanjali Gems 

#AOJQuote of the day 27th October 2016:

“Investment demand is going to be the big driver during this Dhanteras. Demand for wedding jewellery will also be very strong this year." –
PR Somasundaram, MD, World Gold Council India

#AOJDailyeNews The Muthoot Group launches ‘Hero ISL Fair Play Gold Coin’

The Muthoot Group, the official Referee and Fair Play Sponsor of the Hero ISL, launched a special edition Hero ISL Fair Play Gold Coin for Dhanteras to commemorate its association with the League and the Fair Play Award. The Group also released an inspiring Fair Play Anthem and Pledge Read More

#AOJDailyeNews Nirav Modi plans jewellery boutique in Canton Road, Hong Kong

Indian luxury jewellery brand Nirav Modi is set to unveil a 3,000 square foot flagship store in 1881 Heritage, a premier shopping arcade at the heart of Tsim Sha Tsui owned by Cheung Kong Property, following a discount on rent of more than 20 per cent from the peak of the market. Read More

#AOJDailyeNews Reliance Jewels opens store in Aurangabad and Pune

Reliance Jewels has opened stores in Aurangabad and Pune, Maharashtra in light of the festive season. The new store in Aurangabad was launched on October 23, 2016, while the Pune store was re-launched.Read More

Jewellery sales to witness 25 per cent growth in Dhanteras

Gems and jewellery retailers are expecting around 25 per cent growth in sales during Dhanteras, considered auspicious to buy precious metal, compared to last year due to good monsoon and pent up consumer demand, experts say. Read More

#AOJDailyeNews Customs dept heightens vigil to curb gold smuggling in festive season

Customs officials have prepared a new checklist to prevent smuggling of gold into the country this festive season. Both sale and smuggling of gold go up around Diwali. A lot of weddings also take place during this time. Read More

Gold broadly steady; investors look to physical demand from India

Physical demand ahead of the festival season in India kept gold prices steady on Thursday amid a firm dollar, while markets awaited more direction on a rate hike from the U.S. Federal Reserve. Read More