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This is Gemfields’ second report focusing on China’s consumer market. Building on the insights gained in the previous report, which was released in 2020, this research focuses solely on ruby, deep diving into dialogue with China’s middle-class consumers to examine the impact of the post-pandemic era on their purchase habits, attitudes and motivations.

191 year old Legacy jewellery brand, PNG Jewellers has unveiled its new Bridal Collection “Pratha” for this year’s blockbuster wedding season. The “Pratha” collection is not just a celebration of our rich heritage and craftsmanship but an embodiment of our cultural legacy.

Danish jewellery giant Pandora, having more than 2,500 stores across the globe announced on a significant increase in its market share, attributing this growth to effective marketing strategies and collaborations with celebrities like Pamela Anderson.

Titan Co Ltd unveiled impressive financial results for the third quarter, ending December 31st. With a remarkable 22% year-on-year revenue growth, the company experienced substantial double-digit expansion in its jewellery business.

The recently concluded quarter recorded consolidated revenue growth of over 33% when compared to the same period in the previous financial year. We saw revenue growth of 40% for our India operations during Q3 FY2024 as compared to Q3 FY2023. We added 22 net new Kalyan showrooms in India during the recently concluded quarter.

Gems & jewellery industry belongs to Mumbai as Mumbai accounts for 72% of the annual USD 37 bn of exports, proclaimed Dr. Devendra Fadnavis, Hon. Dy. Chief Minister of Maharashtra, while inaugurating the largest-ever IIJS Signature & IGJME 2024 twin Exhibitions organised by the Gem & Jewellery Export Promotion Council (GJEPC) at the Bombay Exhibition Centre, NESCO Goregaon.

In a significant move towards redefining its brand identity, Ciyaza, the distinguished jewellery brand, proudly announces the unveiling of its new brand identity. After six years with the previous logo, the decision to evolve symbolises a transformative journey aligning with the brand’s commitment to timeless elegance.

Gold’s appeal as a safe haven investment and a perfect hedge against inflation is likely to continue in 2024 as consumers face high commodity prices and elevated interest rates worldwide thus overheating financial markets. Therefore, investment in gold against alternate asset classes including crude oil, real estate, bonds, and bank deposits may yield better returns in 2024.

The IIJS Signature is just round the corner, bigger and better than ever before. This year’s event will be held at a dual venue – the Jio World Convention Centre, Mumbai from 4th to 7th January and at the Bombay Exhibition Centre from 5th to 8th January. In an exclusive interview with SVAR Media Network, Mr. Joy Alukkas, Chairman of Joyalukkas who is also the Guest of Honour at the show, shared his perspective and expectations for the upcoming Exhibition.

Artificial Intelligence (AI) has become a driving force in reshaping societies and economies globally. In the Indian context, the trajectory of AI’s future is both intriguing and promising, marked by transformative advancements and burgeoning opportunities.