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ALUKKAS JEWELLERY
Exchange of old gold has risen almost 60% year-on-year, say jewellery retailersGold prices are soaring in India, prompting a surge in old gold exchanges. Consumers are trading in existing jewellery to buy new pieces. T...- Gold demand drops 70% after sharp duty hike in IndiaDemand fell to about 7.5 tonnes in the fortnight ended May 27 from around 25 tonnes a year earlier, according to industry estimates. The go...
- Duty hike may bring out more old gold into marketIndustry executives said promoting sales of lower carat jewellery like 14K and 9K can reduce imports by 20-30%, and discouraging investment...
- Bridal jewellery gets a gold rush across India as panic buying over policy curbs and higher duties intensifiesConsumers are rushing to buy bridal jewellery across India. This surge follows Prime Minister Narendra Modi's call for austerity measures. ...
- India Inc backs Modi’s appeal to cut gold buying and foreign travel amid West Asia tensionsIndian businesses are reviewing spending and work-from-home policies after Prime Minister Narendra Modi's call to save foreign exchange and...
- No plan to hike gold import duty despite Modi's appeal to skip buying, says government officialIndia denies plans to raise gold and silver import duties. Prime Minister Modi urged citizens to avoid gold purchases amid economic pressur...
- Soaring prices stall Dussehra gold rush, volume down 25% this yearGold sales volume dropped by a quarter this Dussehra to 18 tonnes due to sharply higher prices, despite a 30-35% increase in sales value. C...
- High prices may take the sheen off gold this Diwali-DhanterasIndia's leading jewellers foresee a 15-20% drop in gold demand this Diwali-Dhanteras due to high prices nearing ₹81,000 per 10g. Companies ...
- ED attaches over Rs 305 crore worth of assets of Joyalukkas jewellery group owner on hawala charges"The attached assets include 33 immovable properties (valued at Rs 81.54 crore) consisting of land and residential building in Shobha City,...
- Demand for gold jewellery picks up after BudgetJoy Alukkas, Malabar Gold & Diamonds and Senco Gold & Diamonds said customers had held back on purchases expecting a cut in import duty on ...
- VAT on gold jewels takes shine off Dubai shopping festival“There has been a nearly 75 per cent decline in sales since VAT came into being,”
- Joyalukkas to spend Rs 600 crore to expand its retail footprintThe Kerala-based jewellery major has 66 stores in India and 64 in the overseas markets with major presence in the Gulf countries.
- Jewellers lost 20% of business after government's PAN mandateJewellers with operations in India and overseas have seen business grow 10-20% in the first two months of 2016 from a year earlier.
- Joyalukkas to spend Rs 1,500 crore on 30 stores in India abroad"We want to enter US & Sri Lanka to cater to Indian diaspora. We may look at PE funding if we need funds for our retail expansion plan,“ Al...
- Joy Alukkas to reach 100 outlets across world by '14Joyalukkas has offered a varied range of jewellery handpicked from different parts of the world that have caught the fancy of customers.
- Alukkas Jewellery to open one showroom every six month in South IndiaAlukkas Jewellery, leading chain of jewellers in the country , would open its showroom in major cities and towns all over South India.
- Jewellery major Joyalukkas targets $2 bn biz by 2012Fluctuating gold prices present a minefield for gold jewellery buyers, but jewellery major Joyalukkas expects business to follow a northwar...
- Alukkas eyes Rs 650 cr turnover in 2007-08Alukkas Jewellery has set a turnover target of Rs 650 crore for the current fiscal and planned to open more retail outlets in Tamil Nadu an...
- World's largest gold showroom to come up in ChennaiThe Dubai-based leading gold jewellery retail chain major, Joy Alukkas Group is establishing the world’s largest gold & diamond jewellery s...
- Suashish Diamond goes to Middle East, eyes ChinaSuashish Diamonds Ltd will retail its Ishi's brand in the Middle East at 30 outlets of Alukkas Jewellery by the end of this month through a...
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