Titan’s jewellery business continues to remain under pressure

Titan Company  is likely to see another weak quarter as jewellery business continues to remain under pressure. Its July-September quarter net profit is expected to slip 22.9 per cent at Rs 185 crore from Rs 240 crore in corresponding quarter last fiscal. According to a CNBC-TV18 poll, net revenue is seen down 20.3 per cent at Rs 2863 crore compared to Rs 3593 crore...Read More

Senco Gold ventures in e-tailing with Amazon

Senco Gold Ltd on Thursday announced launch of e-tailing of its jewellery on Amazon.in.Senco Gold & Diamond branded lightweight gold and diamond jewellery, priced between Rs. 7,000 and Rs 1.5 lakh, will now be available on the Amazon platform...Read More

Quote of the day 30th October 2015

“The price of platinum is currently soft and this is a bit unreal, given the demand and supply. Global economy and sentiments seem to have affected the prices.”

Vaishali Banerjee, Managing Director, Platinum Guild India 

Quote of the day 30th October 2015

“Modi government has considered all the demands of GJ industry with reference to IBJA recommendations and the Commerce Ministry has called a meeting for Nov 3 to discuss and implement it.”

Mohit Kamboj, President, IBJA

10th Annual General Meeting of GJF concludes successfully

The tenth Annual General Meeting of the members of All India Gems and Jewellery Trade Federation (GJF) was successfully concluded at Hotel Sahara Star, Mumbai on 29th October, 2015. Present at GJF's AGM were Chairman G V Sreedhar and other board of directors (COA) including, Nirupa Bhatt (GIA India), N Anantha Padmanaban (NAC Jewellers), Ashok Minawala (Danabhai Jewellers),....Read More

RapNet suspends members suspected of falsifying GIA reports

RapNet, the Rapaport Diamond Trading Network, has suspended 10 members pending further investigation. The members have also been suspended by the Gemological Institute of America (GIA) for allegedly participating in a scheme that hacked into the GIA’s computer system.....Read More