Titan: jewellery glitters in the face of demonetisation

Titan Co. Ltd’s jewellery revenue for the December quarter was expected to be rather lacklustre given the demonetisation impact. Clearly, 15.4% revenue growth in jewellery business, which contributed a lion’s share of the company’s overall revenue, is nothing to complain about. That’s despite the adverse impact post-demonetisation. Moreover, the December 2015 quarter had a high … Read more Titan: jewellery glitters in the face of demonetisation

Modi’s demonetisation hits diamond traders, imports drop 4.7% YoY in December; jewellers demand sops in Budget 2017

India’s rough diamond imports fell 4.7 percent in December from a year ago to $1.398 billion, a trade body said on Tuesday, as the scrapping of high value currency notes forced many small polishing units to idle their units. India is a global diamond polishing hub where 14 out of every 15 rough diamonds in … Read more Modi’s demonetisation hits diamond traders, imports drop 4.7% YoY in December; jewellers demand sops in Budget 2017

Artistes opt for lifestyle change post demonetisation

KOLKATA: Sidhu, the frontman of Cactus, turned 47 on Wednesday. While deciding on his birthday party spread, Sidhu was in two minds over whether to go for a lavish or not. With 80% shows of the 24-year-old Cactus band cancelled due to demonetisation, Sidhu admits that Bengal’s entertainment industry has never been hit this badly … Read more Artistes opt for lifestyle change post demonetisation

Gold refiners lose bulk business after demonetisation

Gold refiners have had 70-75 per cent less business in the past month, due to reduced supply of scrap jewellery from retailers, following the non-availability of cash for purchase of used ornaments. While consumers are ready to sell used ornaments, jewellers say they don’t have the money, blaming non-availability of cash from banks. Normally, jewellers … Read more Gold refiners lose bulk business after demonetisation