GJ Town India

  Consolidated an income jump by 12% in Q1FY25   Titan (Consolidated) recorded an income of Rs12,386 crores growing by 12% in Q1FY25 compared to Q1FY24. The PBT was lower by 3% at Rs973 Cr compared to Q1FY24 due to financial costs of Caratlane acquisition (acquisition costs were not part of the base quarter).    Business Performance (Standalone) for Jewellery reported, total Income for the quarter grew 9% over Q1FY24 to Rs 9,879 crores. The India business grew 8% in the same period. EBIT at Rs 1,103 crores came at a margin of 11.2% for the quarter. The first six weeks of the quarter that included Akshaya Tritiya saw 20% retail growth.    Q1 saw multiple forces coming together that impacted topline. A steep rally in gold rates (20% increase over Q1FY24), election led restrictions in many markets, very few wedding dates and an unprecedented heat wave across the country weighed on overall consumer demand. Tanishq launched it enchanted trails diamond collection at the Paris Hau

Embrace storytelling, symbolism & creative narratives to sell Make in India, Design in India-Create in India designer jewellery to the world   Part 2: In the session on Global & India Gold Demand Trends, Kavita Chacko, the Research Head for India at the World Gold Council (WGC), said, "2024 is likely to be a record year for mine production of gold; Jewellery demand in 2024 will be firm but vulnerable to gold prices.   Bar and coin investment likely to remain healthy, with high prices and geopolitics attracting attention. Central banks are likely to keep buying gold at an impressive rate. Global annual jewellery demand held steady in 2023 at around 2200 tonnes even in a very high price environment.    In 2023 Gold has benefitted from a) Highlighted geo-political risk; b) Consumer demand; and c) Central bank buying. Annual Gold demand in 2023 rose 4%, reaching an all-time high of 4,930 tonnes. Contribution of 2 sectors a) jewellery demand and b) central bank demand. T

Jewellery demand in value term grew up by 58%!  Net bullion imports in India rose-up by 262%   According to the key fact-n-figures that announced by the World Gold Council (WGC) for Gold demand full year for the period of January – March 2021, demand for gold in India for Q1 2021 was at 140 tonnes, increase by 37% as compared to overall Q1 demand for 2020 of 102 tonnes. India’s Q1 2021 gold demand value was Rs 58,800 crores, an increase of 57% in comparison with Q1 2020 of Rs 37,580 crores.   Total Jewellery demand in India for Q1 2021 was up by 39% at 102.5 tonnes as compared to Q1 2020 had halted at 73.9 tonnes. The value of Jewellery demand was Rs 43,100 crores, a rise of 58% from Q1 2020 of Rs. 27,230 crore.   Total Investment demand for Q1 2021 increased by 34% at 37.5 tonnes in comparison with Q1 2020 had stayed at 28.1 tonnes. In value terms, gold Investment demand was of Rs. 15,780 crores, up by 53% from Q1 2020 recorded of Rs. 10,350 crores. Total gold recycled in India

Continued brand momentum drives strong performance Covid-19 creates elevated uncertainty about 2021   Looking at the key highlights, it is reported that, Pandora delivered a strong finish to the year with 4% organic growth in Q4 2020 despite Covid-19 lockdowns. 10% of the stores were temporarily closed during Q4. Online organic growth was 104% and online contributed 32% of total revenue. Looking at the key highlights, it is reported that, Pandora delivered a strong finish to the year with 4% organic growth in Q4 2020 despite Covid-19 lockdowns. 10% of the stores were temporarily closed during Q4. Online organic growth was 104% and online contributed 32% of total revenue.   The strong Q4 performance resulted in full year organic growth of -11%, which is ahead of the guidance provided in November 2020 (-14% to -17%).  China, as expected, under performed Covid-19 cause’s elevated uncertainty to the trading environment in 2021. Excluding Covid-19 impact, Pandora expects underlying

India jewellery demand down by 42% in 2020   Expected 2021 to go further normalcy returns and s teady course of reforms strengthen the industry India!   Implementation of mandatory hallmarking in June 2021   Key Highlights: 1: Gold demand full year January –December 2020, 2: The gold demand for the full-year 2020 is 446.4 tonnes compared to 690.4tonnes in 2019, 3: Total jewellery demand in India for 2020 was down by 42% at 315.9 tonnes as compared to 544.6 tonnes in 2019, 4: The value of jewellery demand in 2020 was Rs.133,260 crores, down by 22% from 2019(Rs. 171,790 crore) .   5: Total investment demand for 2020 was down by 11% at 130.4 tonnes in comparison to 145.8 tonnes in 2019 In value terms, gold investment demand was Rs. 55,020 crores, up by 20%from 2019(Rs. 45,980 crores),6: Total gold recycled in India in 2020 was 95.5 tonnes as compared to 119.5 tonne. Somasundaram PR, Managing Director, India, World Gold Council said:“India’s gold demand dropped by over a third in 2

Alrosa presented the results of its Global luxury and jewelry market research In Q2 of 2018, sales of decorative jewelry increased in all of the world's key regions, except for India. The average global growth rate was some 5% higher than during the same period last year. Notably, in the Asia Pacific, the figures were as high as 17%. The positive dynamics resulted from the continuing expansion of various local players, made possible by the mounting demand for diamond-based jewelry in continental China. Another factor that made sales more stable was the improvement of tourist traffic in Hong Kong and Macao. In other key regions (North America, Europe, and Japan) the sales boost fluctuated between 3% and 5%. It bears pointing out that the rise of diamond jewelry sales in North America and Japan (+5% and +3% respectively) has been accompanied by significant demand spikes among the local population, which drive most of the sales. In India, jewelry sales (in dol