Quote of the day 22nd April 2015

"We are planning to spread our wings to new destinations in Qatar and to key international markets across the world. New showrooms will be opened in UAE, Bahrain, Oman, Kuwait and Saudi Arabia in the coming months.”

Shamlal Ahamed , MD- International Operations, Malabar Gold & Diamonds

Jewellers witness record sales this Akshaya Tritiya

In a break from last year, gold jewellery sales rose on the auspicious occasion of the Akshaya Tritiya on Tuesday, with big jewellers having witnessed an up to 30 per cent spurt in sales, buoyed by a drop in prices. Read More

Govt unlikely to give relief on PAN card issue

The government has spurned pressure from industry lobby groups as well as some lawmakers who had approached it to dilute two key moves - mandatory use of PAN for transaction above Rs 1 lakh and the Black Money Bill - announced in the budget to crack down on flow of illicit funds in the economy... Read More

Vicenzaoro Dubai starts tomorrow with over 500 brands from 20 countries participating

Vicenzaoro Dubai, one of the promising platforms for the jewellery business community is all set to debut from April 23- 26, 2015. This year, the show will showcase 500 brands from 20 different countries, as well as qualified, international buyers and press are expected to attend the exhibition... Read More

Morgan Stanley remains bearish on Gold for next 2 years

Greece uncertain future in the eurozone, global quantitative easing, loose monetary policies and continued demand out of Asia will all provide much needed support for the gold market, but these factors might not be enough to create another bull market, said Morgan Stanley in a snippet... Read More

Dubai Diamond Conference focuses on importance of African trade

The Dubai Diamond Conference, which opened this morning at the Almas Conference Centre, Almas Tower, was attended by more than 500 delegates who heard Dr.Ahmed Albanna highlight the increasing importance of economic and diplomatic ties between the U.A.E. and the nations of Africa... Read More

Malabar Gold and Diamonds plans global expansion

Malabar Gold & Diamonds, the leading jewellery retailers, is planning to increase its footprint across the globe. The jewellery retailer is planning new showrooms in the UAE, Bahrain, Oman, Kuwait, Saudi Arabia, Malaysia, China, US and European markets. The group has 131 outlets spread across India, the Middle East and Singapore... Read More