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SOLITAIRE SALES
Indians bet on gold, not on the necklace glitter for the first timeFor the first time, India's investment demand for gold surpassed jewellery consumption in the March quarter, reaching 82 metric tons compar...- Akshaya Tritiya sees 30% volume drop in gold buying amid price spikeGold demand during Akshaya Tritiya dropped about 30% in volume as prices, up nearly 60% year-on-year, deterred large purchases. Buyers stay...
- Young India shifts to solitaires as prices decline 30%Solitaire diamond rings are seeing a surge in demand among Indians aged 28-40, with sales rising 25-35% year-on-year following a 30% price ...
- Buyers put their money on rock as gold prices peakTanishq reports a surge in demand for smaller solitaire diamonds, outpacing gold jewellery sales, a trend continuing into May. With gold pr...
- SolitAir to invest $25 million in Indian market this year: CEO Hamdi OsmanSolitAir Holding, a UAE-based cargo operator, plans to invest USD 25 million in India's market in its first year of operations. With a stra...
- Stock to watch: Titan shares in focus today after Q2 update shows 25% biz growthTitan's shares will be in focus as the company reported 25% year-on-year growth in its second quarter update. Jewellery domestic operations...
- Titan sees 25% YoY growth in Q2 as jewellery business picks upTitan reported 25% YoY growth in Q2 FY25. 75 new stores were added, bringing the total to 3,171. Jewellery domestic operations grew 25% YoY...
- Solitaire sales may sparkle this festive season on lower pricesIndians are indulging in diamond purchases thanks to a drop in solitaire prices since last Diwali. This price decline has raised expectatio...
- Sparkling revival: US consumer appetite for solitaires boosts India's diamond trade“Natural diamond jewellery sales were up 5.1% by units and 4.7% by revenue in November, when holiday purchases picked up in the US. Loose d...
- Lab-made diamonds grow on buyers this Dhanteras-DiwaliLab-grown diamonds, which emerged as a new category and an alternative to the pricier natural diamonds, became more popular in this year's ...
- Price drop drives solitaire diamond sales in top citiesGlobal diamond conglomerate De Beers as well as local chains such as Senco Gold & Diamonds and Malabar Gold & Diamonds estimate the increas...
- Diamond demand to revive as prices of both rough and polished varieties have stabilised: De BeersAll the stakeholders in the diamond industry can expect a better year, Stephen Lussier, CEO, Forevermark, De Beers told ET.
- Diamond miners like De Beers, Rio Tinto lower rough diamond prices by 5-7%De Beers, Rio Tinto and ALROSA have lowered rough prices by 5-7% beginning this month, making the sparkling stone attractive for buyers.
- Jewelsouk.com launches E-Shubh Labh festive promotionGems and jewellery shopping portal jewelsouk.com is offering up to 55% discount on diamond jewellery as part of a Diwali bonanza called ‘E-...
- Rising affluence increased sale of single diamonds by 20-30% over last yearIn jewellery parlance, the word solitaire is used to describe a single diamond or gemstone set into piece of jewels.
- Rough diamonds may turn expensive by 2-3%; Weak rupee dulls solitaires' lustreDiamond traders are worried that a price hike will dampen the solitaire demand in Indian market that was gradually picking up in the countr...
- Poor demand forces diamond makers to cut production by 30%After a dismal last quarter, the country's diamond industry, which accounts for about 80% of the world's production of polished stones, is ...
- Disposable income adds sparkle to solitaire salesWhile a 6-7% drop in prices in the past four-five months has also fuelled demand for solitaires, retailers say this is not the prime reason...
- Special safety measures for online purchases of jewelleryCaratlane sends the finished product to the Mumbai lab of the Gemological Institute of America, where stones are recertified and sealed.
- Shrenuj buys DTC's Arisia Solitaire brandThe Mumbai-based diamond company Shrenuj & Company has acquired ‘Arisia Solitaire’ brand from the UK-based Diamond Trade Corporation (DTC) ...
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