Pratima and Prerna Sethi of Sethi Couture visited their grandmother Kanchan in Indore, India, in December 2014 to celebrate her 90th birthday. The San Francisco–based pair stayed in her home, a 100-plus-year-old dwelling with gold-painted ceilings and MUMBAI: Gems and jewellery retailers are likely to outshine exporters by registering up to 12 per cent growth in revenue on rising domestic demand this fiscal year, India Ratings and Research (Ind-Ra) today said. The rating agency maintains stable New Delhi: The All India Gems & Jewellery Trade Federation (GJF) on behalf of Jewellery community in India has handed over a cheque of INR 1.23 crore towards relief works of the Nepal earthquake victims. Mr. Manish Jain, Chairman of GJF handed over the Nearly two-thirds of India's gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system. "Demand is quite weak compared to last month," said Mangesh Devi, a jeweller from There are many new Indian jewellers that have recently entered the UAE market and they are trying to attract maximum buyers. Customs restrictions are there but people are taking their chance,” said Tomy Joseph, General Manager Dubai Gold and Jewellery Group. IndiaRatings & Research, a Fitch Group Company, maintained a "stable outlook" for the country's gems and jewelry exporters and retailers for the fiscal year that ends in April 2016. But the group noted that the outlook overall is brighter for India's .
NEW DELHI: Popular American fashion label Coach will be entering India's retail market with Gurgaon-based Genesis Luxury. The brand, known for accessories and gifts for women and men, had till now stayed away from one of the largest consumer economies The World Gold Council (WGC) noted in a report last month that India's total gold demand rose 15% in the first quarter, driven by strong demand for jewelry. However, the increase was more due to unusual weakness in the same period in 2014, according to WGC. Gems and jewellery retailers are likely to outshine exporters by registering up to 12 percent growth in revenue on rising domestic demand this fiscal year, India Ratings and Research (Ind-Ra) on Thursday said. The rating agency maintains stable outlook for Mr. Panda said he would have otherwise invested this money in gold coins or jewelry. He said he is optimistic about Mr. Modi and the direction of India’s economy. Economic growth, which had fallen to about 5% two years ago, clocked 7.3% in the financial .
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