Titan sees jewellery sales rising more than 25% in fiscal 2017-18

In the first half of 2017/18, Titan’s jewellery sale surged 47% to Rs61 billion. Photo: Pradeep Gaur/Mint Mumbai: India’s biggest-listed jeweller Titan Co. expects jewellery sales to leap more than a quarter this fiscal year as tighter rules on cash flows and a new sales tax hurt the mom-and-pop firms that dominate the business, a senior … Read more Titan sees jewellery sales rising more than 25% in fiscal 2017-18

Jewellers see no sparkle in sales this Dhanteras

Gold and jewellery sales may remain flat this Dhanteras amid sluggish demand from consumers despite relaxation in KYC norms for purchase, even as people fancied automobiles and electronic items, according to industry players. However, organised players like P C Jewellers, Kalyan, Talwar Sons and Jewellers are expecting 10-35 per cent jump in sales, thanks to … Read more Jewellers see no sparkle in sales this Dhanteras

Discounts raining this festive season on jewellery sales

Unusual to the common practices, jewellers are offering massive discounts on making charges on precious ornaments this festive season to attract customers and increase sales to cover up the loss they had incurred over the last one year due to government’s stringent measures on curbing black money. While organised players like Tribhovandas Bhimji Zaveri (TBZ) … Read more Discounts raining this festive season on jewellery sales

Demonetisation one month: Jewellers feel the heat of cash crunch as gold sales slump nearly 90%

Gold shopping in India is an activity indulged by both the rich and the poor. Demonetisation has dealt a body blow to the world’s second-biggest gold consuming nation and consequently to the demand for gold, a must-have accessory in Indian weddings. Demand for gold jewellery has dropped as much as 80 percent with jewellery shops witnessing … Read more Demonetisation one month: Jewellers feel the heat of cash crunch as gold sales slump nearly 90%