Low platinum prices push jewellery demand

Diamonds may be a girl’s best friend but for budget-conscious ring-bearers, the preferred material might be platinum. According to Platinum Guild International, the low platinum price in 2016 had retailers stocking up on the precious metal, with Indians and Americans the most likely to put a platinum ring on it. In India platinum demand soared 11.4%, … Read more Low platinum prices push jewellery demand

Indian jewellers stock up for weddings; rising gold prices cap demand elsewhere

MUMBAI | BENGALURU: Asian gold demand was mixed this week with Indian jewellers stocking up for the wedding season while rising prices kept buyers on the sidelines elsewhere. After delaying purchases last month in anticipation of an import duty cut in the federal budget, jewellers in India have started rebuilding inventories on the back of … Read more Indian jewellers stock up for weddings; rising gold prices cap demand elsewhere

TEA urges SIMA not to upsurge cotton yarn prices

Dr. A. Sakthivel, President, Tirupur Exporters Association (TEA) has appealed M. Senthilkumar, Chairman, Southern India Mills’ Association (SIMA) to direct their members not to increase yarn prices as this will affect the Tirupur garment export sector. “The mills resorted to increasing of hosiery yarn prices due to growing cotton prices. But, now the cotton prices … Read more TEA urges SIMA not to upsurge cotton yarn prices