He explained that the hallmarking coverage amendments will strengthen India’s gold jewelry trade and boost exports in the coming 12 months. The Indian authorities has issued guidelines on hallmarking exemptions for gold jewellery and artefacts, in response to protests from industry Jewelery News leaders on easing gold jewellery export and commerce practices. In addition, the line between jewellery/watch companies and trend companies has continued to blur.

• Be the first to find out about thrilling new designs, particular events, store openings and rather more.
• Now with inflation running at a 40-year high, consumers are getting squeezed in all the important areas, like food, gasoline, utilities and housing.
• Sachin Jain, appointed as the brand new CEO for India by the World Gold Council, brings a deep understanding of the Indian client and jewelry market.
• PhonePe and CaratLane announced their partnership to allow shoppers to buy jewellery by redeeming their accrued Digital Gold.

“What we’ve been in a place to do actually successfully is to keep our ATVs up, each on pure diamonds and on lab-created,” Drosos mentioned in the earnings call. Across all its banners, the corporate has leaned into newness that stimulates clients to come back in, browse and buy, with sell-through of recent SKUs up by 30% in the third quarter. This, mixed with chain-wide inventory down 14% from final yr whereas many independent retailers are sitting on unsold stock, offers Signet a aggressive benefit. What gives Drosos hope for the approaching quarter, subsequent year and past is the return of the bridal jewellery market, which accounts for half of the company’s sales. Marathi actress and Mrs. Mukhyamantri fame Hemangi Kavi is keen on silver conventional jewellery fashion and just lately, she revealed the details about the ornaments that she wears on an everyday foundation. From the anklet to the Kada, Hemangi shared every detail with her followers.