Indian Traders Hit by Switch from Diamonds to Gold
Seventy Indian diamond traders are reported to have closed their Hong Kong offices in the last six months, as Chinese customers shun diamonds in favor of gold jewelry as an investment.
A slump in sales...
Baked in Gold – The Budget Jewelry Collection
Greggs, the budget British baker with almost 2,500 stores, has launched a budget range of 22K gold jewelry items featuring sausage rolls and other menu favorites.
Its Baked in Gold collection starts at £36 ($47)...
LBMA & WGC Advocate for Reclassifying Gold as High-Quality Liquid Asset Under Basel III
Last week, delegates from the London Bullion Market Association (LBMA) including Paul Fisher, Ruth Crowell, David Gornall, and Edel Tully, joined Mike Oswin of the World Gold Council (WGC) in Basel for a meeting...
Hallmarking of Gold Bullion to Become Mandatory in India: TOI Report
According to a report in the Times of India (TOI), India will implement a mandatory hallmarking regulation for all gold bullion, including imports, starting next year. This step aims to ensure the purity of...
Tiffany & Co. Acquires Titanic Hero’s Pocket Watch for Record $1.97 Million
Tiffany & Co. has added a piece of history to its collection with the acquisition of a rare 18k gold pocket watch tied to the Titanic tragedy. The timepiece, which sold for a record-breaking...
Titan’s Jewellery Business “Subdued” in Q2 FY 2018-19 Due to High Gold Prices
Titan Company Ltd’s income from operations for the second quarter (July1, 2019 to September 30, 2019) of the financial year 2018-19 (Q2 FY 2018-19) increased by 0.6% to Rs.4435 crore, as compared to an...
Fluctuating Gold Price Worries Jewellers
As gold price has been plummeting in the past few days, customers are awaiting the price of the yellow metal to drop further thereby hitting jewellery business in the Capital. Jewellers have said that...
Muthoot Exim’s 30th Gold Point Centre in Barasat is set to transform West Bengal’s...
Barasat, 23rd October 2024: Muthoot Exim (P) Ltd., the precious metal arm of 137-year-old business conglomerate Muthoot Pappachan Group (also known as Muthoot Blue), proudly announces the grand opening of its newest Gold Point...
Surge in Gold Prices Hits Luk Fook Revenue
Luk Fook reported a 27 per cent slump in its half-year revenue and the closure of 175 of its 3,500-plus retail jewelry stores amid a surge in gold prices and weak consumer demand.
Earnings for...
Gold Set for Record Performance in 2024, Outlook Modest for 2025: WGC
The World Gold Council’s (WGC’s) latest report, Gold Outlook 2025, forecasts a nuanced year for gold, following its best annual performance in over a decade in 2024. Surging 28% year-to-date, gold achieved 40 new...
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