Fashion / Cosmetics / Jewellery
Silver imports restricted till March 2026
The government has imposed import restrictions on certain silver jewellery until March 31, 2026, to curb imports from Thailand under the guise of unstudied jewellery. The Directorate General of Foreign Trade (DGFT) amended the policy from free to restricted, requiring importers to obtain a government licence for these goods.
Gem & jewellery trade industry urges FM Sitharaman for domestic sales, loan relief amid US tariff impact
The gem and jewellery industry has urged Finance Minister Nirmala Sitharaman to allow SEZ units, including Mumbai's SEEPZ, to produce for the domestic market and seek a six-month interest moratorium on US export loans. The move aims to protect jobs amid a 50% US tariff, declining orders, and financial strain. The industry also requested an extended export obligation period and deferred interest on working capital loans.
Dubai's top Indian jewellery importer cuts volumes 30% as gold prices soar
Bafleh Jewellery, a major Middle Eastern importer of Indian jewelry, is adapting to soaring gold prices by shifting towards lighter designs and lower-karat gold. While import values have increased, volumes have decreased due to rising bullion costs.
India future market of potential for Jaquet Droz: CEO Alain Delamuraz
Jaquet Droz sees India as a promising market for its luxury watches. CEO Alain Delamuraz focuses on direct connections with collectors. The brand creates unique pieces, exceeding 100,000 Euros, tailored to individual preferences. Delamuraz aims to understand Indian culture to create relevant art pieces.
Rough cut: CareEdge flags deeper pain for India's polished diamond exports
CareEdge Ratings maintains a negative outlook for the diamond industry, projecting a 17-20% decline in cut and polished diamond exports by FY26 due to global headwinds and steep US tariffs. While India's domestic demand shows resilience, it's unlikely to offset the export decline. The industry is responding by curtailing production and exploring new markets to mitigate the impact.
Sourav Ganguly on Sachin’s grit, captaincy calls and launching ‘Souragya’ to take Bengal global
Sourav Ganguly sits down with Gourab Das for a wide-ranging conversation on cricket and beyond. From Sachin’s tenacity and Sehwag’s impact to tough selection calls, simple wealth rules, partnerships, and why “nothing beats leather on willow.” He also discusses mindset, 'Made in India’ pride, showcasing Bengal craftsmanship to the world, and balancing life after cricket.
Sourav Ganguly on Sachin, 'Souragya' and which Hollywood actor he wants to portray him on Silver screen
Sourav Ganguly on what still gives him goosebumps, the advice he would give to his younger self, and why the India cap remains the ultimate symbol of pride
Gold demand set to surge this festive season amidst tax cuts and investment interest
India's gold demand may rise during the festive season. Investment interest and wedding purchases are key factors. A potential consumption tax cut could boost sales. High gold prices might limit demand. Domestic gold prices have increased significantly. Signs of demand have narrowed price discounts. Jewellers anticipate higher footfalls with marketing efforts. Bullion dealers are increasing purchases for the season.
Demand for traditional Assamese jewellery on the rise: Amazon India
Amazon India reports a surge in Assam's jewellery market, with traditional designs growing 20% YoY. Guwahati customers favor premium fashion and beauty, driving 30% YoY growth in watches and luxury beauty. Amazon enhances shopping with features like virtual try-ons and personalized recommendations, empowering over 10,000 local sellers and expanding its operations network in the state.
UK fashion brand NEXT partners with Myntra to launch first exclusive outlet in Pune
NEXT, a UK-based fashion retailer, has launched its first exclusive brand outlet in Pune. This store opened in partnership with Myntra Jabong India. The company plans to expand to over 50 locations across India in the next five to six years. Key cities like Hyderabad, Delhi, Mumbai, and Bengaluru are in the pipeline.
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Record gold prices in India fail to unlock scrap supply
Supplies of used gold jewellery and coins in India remain scarce despite record-high prices, as investors expect further gains and prefer holding assets. Scrap inflows, which usually rise with surging prices, have slowed, forcing refiners to rely on exchanged jewellery.
Festive demand, GST reforms could boost India's gold jewellery demand: Report
Mirae Asset Mutual Fund said India’s festive season, cultural demand, and GST reforms could drive gold jewellery purchases despite record-high prices. India and China account for over half of global jewellery demand. However, with gold above $3,500–3,600 per ounce, demand recovery may face limits.
Gold crosses ₹1.1 lakh, jewellers expect impact on demand
Gold prices in India have soared to a record ₹1.10 lakh per 10 grams, prompting caution among jewellers ahead of the peak festive season. Experts anticipate a surge in old gold exchange, potentially reaching 45% of sales, as consumers adapt to the higher prices.
Gold hits record Rs 1.10 lakh/10g; festive demand shifts to old-gold exchange
Gold prices in India hit a record Rs 1.10 lakh per 10 grams ahead of the festive season, prompting jewellers to expect higher old-gold exchanges rather than new purchases. Retail prices including 3% GST are Rs 1,13,856 per 10 gm. Analysts cite weak dollar, US rate cuts, Middle East tensions, and strong rural demand as key drivers, with festive-season gold volume likely to drop 15% but value rising 25–30%.
Reliance on gold loans continues to rise among households, small businesses: Rajesh Sharma, Capri Loans
Rising gold prices are impacting the gold loan sector. Average ticket sizes of gold loans have increased. High networth individuals are opting for gold loans as a liquidity management tool. US tariffs may push MSMEs to take gold loans. Capri Loans' AUM was Rs 22,860 crore in FY25. The company plans to expand in South and East India.
Sourav Ganguly steps onto new pitch, teams up with Myntra to launch ethnic wear ‘Souragya’
Sourav Ganguly has partnered with Myntra to launch 'Souragya,' a premium ethnic wear brand, just in time for Durga Puja and Diwali. The brand aims to blend traditional craftsmanship with contemporary designs, targeting the fashion-forward generation. With nearly 100 styles, the collection will be exclusively available on Myntra, tapping into the rapidly expanding Indian ethnic wear market.
