Under the terms of the agreement, both the partners will jointly fund a multi-media marketing campaign that would aim to increase awareness.
The Centre has mandated jewellers to mention the hallmarking charges of each piece of jewellery separately in the bill
In a normal year, the industry does business of 25-30 tonnes on Akshaya Tritiya, but this year, it expects a maximum of 3-4 tonnes of sales as offline
Covid-related restrictions have affected retail demand as some of the biggest markets like Mumbai and Delhi are under complete lockdown
From June 1, jewellers will be allowed to sell only 14, 18 and 22 carats of gold jewellery which will be hallmarked
The gross gems and jewellery exports during 2019-20 stood at Rs 2,50,319.89 crore, according to data by the Gem and Jewellery Export Promotion Council
The company believes a significant driver of recent revenue growth momentum in India has been a meaningful shift in consumer demand from the unorganis
With economic activities reaching pre-pandemic levels, India Ratings expects the momentum to continue into FY22, backed by a softening of gold prices