Author name: JNI

With India’s deep affinity for gold, Indians have historically turned to this asset as a means of preserving their wealth – and increasing its value over time. Now, however, attitudes are changing. Consumer spending on other goods has increased, growing financial inclusion has encouraged more people to put their savings in the bank and greater […]

India’s Export/import of Gem & Jewellery for the period April-November 2023 as compared to same period last year released. At the Gold Jewellery (Plain & Studded) front, provisional gross export of total Gold Jewellery for the period April-November 2023 at US$ 6358.80 million (Rs. 52676.66 crores) shown a decline of 3.55% (+0.63% Rs. term) over

According to the India’s export & import fact-n-figures, for the diamonds, during the period of April- November 2023, at the rough diamond front; gross Imports of rough diamonds at US$ 8793.90 million (Rs 72577.52 crores) in April- November 2023, have shown a decline of 24.74% (-21.57% Rs. term) compared with the imports at US$ 11684.5

Recently, Mumbai jewellery fraternity hosted Melanie Grant, Executive Director-Responsible Jewellery Council (RJC) for a week. According to Melanie, “I met with many fascinating individuals; RJC members, friends, artists, colleagues, and new acquaintances. I had the pleasure of visiting with Govind, Shreyans and Dhruval Dholakia from SRK, Anoop Mehta MD of Mohit Diamonds at the impressively

India, the world’s second largest consumer of gold jewellery, has experienced rapid change over the last few years due to evolving demographics. Weddings and festivals remain the most important drivers of Indian gold jewellery demand: bridal jewellery alone accounts for at least half of the market share. Over the long term, gold jewellery demand in

The drivers of gold demand in India are many and varied. Cultural affinity, long-held tradition and festive gifting clearly play a significant role. But these qualitative factors are complemented by quantitative factors, which offer additional and important insights. In this report, the first in a series of in-depth articles on the Indian gold market, we

As per a recent note on the Indian jewellery retail industry, ICRA has revised upwards its forecast of the YoY domestic jewellery consumption growth (in value terms) for FY2024 to 10-12% from 8-10% estimated1 earlier, primarily driven by the rise in gold prices. Jewellery consumption is estimated to have risen by more than 15% YoY

In a yearend review 2023 for Department of Commerce, Ministry of Commerce and Industry (MoC & I) reaffirmed and recall their initiatives for the year 2023 between India-UAE. India and UAE successfully held the 1st Meeting of the Joint Committee (JC) of the India-UAE CEPA from 11th -12th June 2023 in New Delhi. During the

Malabar Gold & Diamonds has opened a new location in Wakad, Pune. G-51, Phoenix Mall of The Millennium, Wakad, Pune, behind Sayaji Hotel. The Wakad location is Malabar Gold & Diamonds‘ seventh in Pune and its 34th in the West area. In the presence of key management officials of Malabar Gold & Diamonds, Fanzeem Ahamed,

Shree Ramkrishna Exports Pvt. Ltd. (SRK), a renowned name in natural diamond making and exports, has joined the prestigious World Diamond Council (WDC). This collaboration demonstrates SRK‘s increased commitment to ethical and responsible diamond industry standards. SRK appreciates the WDC‘s critical role in advancing ethical standards in the diamond industry. From responsible sourcing to sustainable