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CORONAVIRUS IMPACT ON JEWELLERS
Apple says iPhone production hit by China Covid lockdownApple warned customers would face longer wait times for iPhones with the holiday season approaching, after Covid restrictions in central Ch...- Gold purchase by jewellers drops 25% in a weekAs Covid-19 cases surge again and authorities bring back some of the restrictions, gold purchase by jewellers has dropped by 25% in the pas...
- Gold rate today: Yellow metal slips marginally; silver at Rs 61,300"Gold prices have witnessed profit booking after the massive rally. As the equity is under pressure due to heavy outflow, investors are wit...
- Gold rate today: Yellow metal rises Rs 250 on softer US dollarGold futures on MCX rallied 0.51 per cent or Rs 244 to Rs 48,331 per 10 grams. Silver futures rose 1.98 per cent or Rs 1,195 at Rs 61,403 p...
- Gold rate today: Yellow metal moves higher; silver shines by Rs 620The spot price of gold has eased almost Rs 800 per 10 gram in the last one week, whereas silver has declined by about Rs 1,800 per kg durin...
- Suffering at home, Surat's diamond merchants are looking West for revival“The US demand has remained strong since the holiday season. Now, with vaccination in place in Europe, demand will come from those countrie...
- With most states under lockdown, jewellers expect low demand on Akshaya TritiyaWith lockdowns and restrictions across most states due to the surge in Covid-19 cases, jewellers expect very little demand for gold this Ak...
- New coronavirus wave causes 35% dip in sales at Asia's largest gold marketAmid increasing cases of Covid-19, the state government has imposed strict restrictions on people's movements but stopped short of announci...
- Gold demand plunged to 11-year low in 2020 as virus upended trade: WGCThe pandemic also transformed the geography of the bullion trade, sucking gold from Asia, where most gold is sold as jewellery, to Europe a...
- LVMH & Tiffany's ugly spat: Diamonds don't look attractive anymore, courtesy CovidLVMH announced on Wednesday that it was abandoning the $14.5 bn takeover plan.
- US luxury goods giant Tiffany sues LVMH for reneging on $16 billion deal as France steps inThe deal is the latest in a string of mergers and acquisitions that were agreed to before the coronavirus pandemic took off around the worl...
- Gold at record high, but your family silver has no takersLoss of business and demand slump due to the coronavirus outbreak has not only dried up cash stream for jewellers but also left them with u...
- Gold prices hit all-time high of Rs 51,500 per 10 gramThis is for the first time gold prices have breached Rs 50,000-mark in the futures market.
- Global revenue from rough diamond sales to drop 30-40% this year: Moody'sRough diamond sales volume and prices will fall in 2020 as a result of the near shutdown of the global economy, Moody's Investors Service s...
- Lockdown to test Indian tradition of buying gold on key dayPurchases of valuables including bullion on Akshaya Tritiya falls on April 26 this year.
- Should you buy gold online this Akshaya Tritiya amid Covid-19 lockdown?Gold tends to do well in periods of financial volatility when other assets are losing value because of economic uncertainty. Gold prices go...
- After 6 years, gold ETFs witness inflows in FY20Asset under management of gold funds surged by 79% to Rs 7,949 crore at the end of March 30.
- Kalyan Jewellers earmark Rs 10 cr for Covid-19 relief workThe company will partner with local and government bodies to ensure that the funds are allocated in a meaningful and efficient manner.
- Covid-19 bugs jewellers who’d got big ordersAnalysts expect the price to rise further in the short term due to continuing the impact of the new coronavirus disease, or Covid-19, in th...
- Bullion traders expect demand to fall up to 25%High price has also affected gold demand in northern India, which is known for lavish weddings.
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