Author name: JNI

Alrosa plans to sell its 41 percent ownership in Catoca, the Angolan diamond mine. Angola’s government has been pushing for an unconditional withdrawal from Sociedade Mineira de Catoca, the mine’s operator, due to G7 penalties. The government owns a 59% interest. Angolan officials have expressed worry that banks and foreign suppliers are afraid of engaging […]

Malabar Gold & Diamonds, a worldwide jewellery retailer, reopened their store in Ludhiana on May 4, 2024. Gurupreet Bassi Gogi, MLA of Ludhiana West, opened the refurbished store on Rani Jhansi Road in Ghumar Mandi, Ludhiana, in the presence of Jishad NK (Region head-North), Anees (zonal head), Vivek Saran Mathur (ABM), Management Team Members, and

Titan Company Limited, India’s top jewellery retail chain, announced a strong performance in its jewellery business during the fourth quarter of fiscal year 2024. The Bengaluru-based company’s jewellery income increased by 19% in Q4 FY24, hitting ₹8,998 crores. The company’s India business experienced a 20% rise, resulting in profits before interest and tax (EBIT) of

Offers valid till May 12 at all Bhima Jewellers stores. As the auspicious anniversary of Akshaya Tritiya approaches, Bhima Jewellers announces exceptional discounts to enhance celebrations. From April 19 to May 12, clients may immerse themselves in a world of magnificent jewellery while taking advantage of exclusive offers. Bhima Jewellers provides a wonderful surprise to

The Reserve Bank of India (RBI) has urged banks against disbursing gold loans through fintech businesses. The central bank has highlighted worries about the review process used by these banks and fintechs, particularly where the gold is obtained from. The regulator has informally addressed its concerns to a number of banks, requesting that they take

India’s gold demand increased by 8% in the March quarter compared to the previous year, but recent price increases could reduce total consumption in 2024 to its lowest level in four years, according to the World Gold Council (WGC). Demand for gold from India might be between 700 and 800 metric tons in 2024, with

National, 3rd May 2024: Indian diamond jewellery market will grow to US$ 17 bn by 2031 out of India’s total gem & jewellery of US$ 120 bn from $ 79 bn in 2021. 2024 is likely to be a record year for gold mine production and jewellery demand will be firm but vulnerable to gold

De Beers is considering lowering the prices of the lab-grown diamonds it sells under the Lightbox jewellery brand.”The wholesale prices of lab-grown diamonds are falling sharply, leading to financial challenges at some leading lab-grown diamond producers,” parent firm Anglo American reported in its 2023 results. “These price declines are expected to lead to further substantial

Malabar Gold & Diamonds, the world’s sixth largest jewellery store with an annual turnover of USD 6.2 billion and 350 showrooms in 13 countries, has recently opened its fourth location in the United States, in Naperville, Illinois. This raises the global jewellery brand’s total showroom count to 350, including 5 in North America. Malabar Gold

ISC 2024 served as a foundation for the advancement of the silver industry. The successful conclusion of the India Silver Conference 2024 not only marked a historic milestone, but also laid the groundwork for the silver industry’s future growth. ISC 2024 was a lively forum where more than 260 renowned participants gathered to discuss and