Jewellery Financial News

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Stock market today: Shares of Manoj Vaibhav Gems N Jewellers Ltd have been in uptred after listing on Indian stock market bourses. Manoj Vaibhav Gems share price listed on NSE and BSE at ₹215 per equity share on 3rd October 2023, which was a flat listing against the issue price of ₹204 to ₹215 per equity share. However, the jewellery stock witnessed strong buying interest among stock market bulls after flat listing.

Kalyan Jewellers on Sunday introduced its latest collection, Senhor, a distinctive line of men's jewellery. The launch campaign features the brand's ambassador, Amitabh Bachchan, showcasing the jewellery pieces. According to the company statement, drawing inspiration from the Spanish term for 'sir' or 'gentleman,' the Senhor collection is designed to meet the modern man's preference for distinctive and meaningful accessories. «Recognising the growing preference for men's jewellery pieces as gifts for grooms, Kalyan Jewellers sees an opportunity to strengthen its market share during the ongoing wedding season,» the statement further reads. Mr.

Multibagger IPO: The initial public offering (IPO) of Senco Gold was launched in July 2023. The public issue was offered at a price band of 301 per share to ₹317 per equity share. The book build issue listed on BSE and NSE on 14th July 2023.

Kalyan Jewellers India, one of the country's largest jewellery companies, have soared by 230% since last Diwali. The stock initiated its bullish trajectory in July last year and has maintained the same momentum to date, gaining 465%. Also Read: Diwali 2023: What is ‘samvat’ and why does it hold significance for stock market investors? Over the last five months, Kalyan Jewellers stock has achieved successive record highs, with a recent peak on November 09 at ₹359.15 apiece.

Ajoy Chawla, CEO, Tanishq said «Over the past three weeks of this festive season, we've observed a significant upswing in customer sentiment. Notably, our new collections, including Dharohar, a showcase of Indian craftsmanship, Rivaah X Tarun Tahiliani's exquisite bridal jewellery, String It, our chic lightweight neckwear, and more, have been receiving remarkable traction across all categories.

Diwali is all about bringing light and joy into our lives, and what better way to do that than by adorning yourself with elegant and affordable silver jewellery? Whether you're looking for traditional pieces or contemporary designs, our collection has something for everyone. Get ready to dazzle and make your Diwali truly unforgettable with Amazon's irresistible discounts on silver jewellery. Don't miss out on this chance to shine brighter without breaking the bank!

Vipul Shah, Chairman, Gem & Jewellery Exports Promotion Council (GJEPC). In an interaction with ET Digital, Shah says he is upbeat about the prospects of the gems & jewellery sector as the industry expects the ongoing festive month to give a sharp surge in demand.

Stock market today: Shares of Manoj Vaibhav Gems N Jewellers Ltd has been in uptrend ahead of Diwali Muhurat trading 2023. Just a month ago, this jewellery stock had a flat listing at ₹215 on BSE and NSE. However, after par listing, this stock has been rising continuously and clombing new highs on a regular basis.

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Sutra Fine Jewellery stands as a testament to timeless elegance and exquisite design. For women who cherish intricate jewelry and adore making a statement with their attire, Sutra is the name that encapsulates the essence of their style. With their first collection “Sargam," Sutra Fine Jewellery embarks on a mission to make the world of handmade gold-polki jewelry more versatile and accessible than ever before.

Titan Company is expected to report strong September quarter performance largely driven robust growth momentum in the Jewellery segment. Watches and wearables are also expected to be strong growth drivers while other Emerging businesses are shaping well and EyeCare sees a double-digit growth helped by international brands. Also read- V -Guard Q2 review: Sunflame integration, consumer durable growth key drivers. H2 growth may be stronger feels the CFO The analysts at Kotak Institutional Equities anticipate 27% year-on-year growth in Titan's recurring jewelry sales, with an EBIT margin of 12.5% .

Titan Company Limited is all set to launch an invite-only retail store which will sell luxury jewellery with a minimum ticket size of ₹10 lakh. The move comes as India's consumer companies rush to premiumise to tap into the strong demand at the higher end of the consumer discretionary market. The company has taken 17,000 sq ft space in Delhi's South Extension market for the luxury store, said two executives aware of the development. They said Titan is doing a pilot for this luxury format in the national capital and might replicate it in other parts of the country. The Tata group company reported a double-digit growth in buyers and ticket sizes in the September quarter, indicating strong demand at higher price points. «This will be one of the largest jewellery stores in the country, and Titan already has a store of about 10,000 sq ft across the road,» said one of the persons, who did not wish to be identified.

nightmare for claustrobhobic people, a 23-year-old man found himself locked up inside a steel-reinforced concrete jewelry vault in New York City's Diamond District and had to spend about 10 hours overnight inside the vault. The firefighters had to halt their rescue attempt due to safety concerns, which led to the delay, the Washington Post reported. It was the vault's timer mechanism that automatically opened on Wednesday morning, which eventually led to the rescue of the man.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! He later swapped clothes he was wearing with new ones at a clothing store, and then attempted to sneak into a restaurant again to have some food, the reports claimed, based on the inputs shared by the officials.

gold jewellery. The HUID Code will be unique to each item of jewellery, and customers will be able to readily verify its authenticity and other details using the BIS Care App. At present two precious metals namely gold and silver have been brought under the purview of Hallmarking. Many individuals buy gold during upcoming festivals, however, they should make sure that they buy the hallmarked jewellery and confirm the same. How much gold can you buy in cash without and with PAN, Aadhaar proof? The move aims to ensure quality of gold jewellery and artefacts to consumers. Note that White gold alloy is covered under mandatory hallmarking. The BIS hallmark on gold jewellery and artefacts is made up of three parts: the BIS emblem, the Purity of Gold, and a six-digit alphanumeric HUID (Hallmark Unique Identification).

₹102 crore in a search operation conducted at the premises of certain government contractors, real estate developers and their associates on 12 October, the department said in a statement. About 55 premises were covered during the search in the states of Karnataka, Andhra Pradesh, Telangana and New Delhi, the department statement said. The search resulted in seizure of allegedly unaccounted cash of about Rs94 crore and gold and diamond jewellery of over ₹8 crore, aggregating to more than R 102 crore.

Delhi Police has cracked a high-profile jewellery shop theft case in which jewellery worth Rs 25 crore was said to have been stolen, making it one of the biggest robberies reported in the national capital recently. The Times of India has detailed the investigation leading up to the arrest of the criminals. As per the report, cops scanned about 5,000 active mobile phone numbers that were active around the site when the theft occurred.

gold jewellery from Tanishq's store there, but she now has the option to buy it closer home, as the Titan co-owned chain has opened an outlet at Pollachi. Tanishq's store at Pollachi, about 40 km south of Coimbatore city and opened in April last year, shows how established jewellery chains are going closer to consumers in small towns who are increasingly opting for branded jewellery with latest designs and proper hallmark unique identification numbers, which ensure purity of gold. For organised retailers like Tanishq, Malabar Gold & Diamonds and PNG Jewellers, setting up shop in small towns help tap into this growing demand at a lower cost than expanding in big cities, as real estate comes much cheaper. As much as 70% of Tanishq's 436 stores are outside large cities — 38% in places with 200,000-plus population and 32% in smaller towns — with the remaining 30% in metros and mini-metros, chief executive Ajoy Chawla said.

burglary in the national capital, thieves decamped with jewellery after creating a hole in the wall of the strong room of a shop in the Bhogal area with the owner stating that it had “jewellery worth around Rs 20-25 crores”. Delhi Police said it was a “big incident of burglary” and that they were conducting an investigation. Sanjeev Jain, owner of the jewellery shop in the Bhogal area which was burgled, told ANI that they closed the shop on Sunday and when they opened it on Tuesday there was a lot of dust in the entire shop. He said the CCTV camera had been damaged. “We closed the shop on Sunday and when we opened it on Tuesday after an off on Monday, we saw that there was dust in the whole shop and there was a hole in the wall of the strong room… We think they (thieves) have looted everything.

Senco Gold & Diamonds on Thursday said they have taken a major step forward to tap the digital landscape with the launch of its first virtual showroom, Sencoverse, on the metaverse. The company claimed this to be India's first virtual jewelry retail space within the metaverse, with a primary focus on engaging with the new generation of customers. The jewelry retailer, in an official statement, emphasized its commitment to delivering personalized and convenient shopping experiences to digitally adept millennials and Gen Z shoppers, who are widely regarded as the future of the retail industry. «We believe that the digitally savvy millennials and Gen Z shoppers are the future of retail, and we want to be at the forefront of providing them with the personalized and convenient shopping experiences they want and need,» said Suvankar Sen, MD & CEO of Senco.