Latest news with #IndiaInternationalJewelleryShow
Business Recorder
5 days ago
- Business
- Business Recorder
Asia Gold: Price retreat buoys demand in India; activity muted elsewhere
Physical gold demand in India improved slightly this week as a price pullback lifted buying interest among consumers, while activity in other top Asian hubs remained lacklustre. Gold prices in India closed at 99,838 rupees ($1,139.61) per 10 grams on Thursday after hitting a record high of 102,250 rupees last week. 'Many retail consumers are waiting for a price correction, but with prices steady around 100,000 rupees for the past few months, some buyers have begun purchasing,' said a Mumbai-based jeweller. Indian dealers offered discounts of up to $6 per ounce to official domestic prices, inclusive of 6% import and 3% sales levies, compared with an up to $9 discount to a premium of $2 last week. Jewellers placed healthy orders with manufacturers at the India International Jewellery Show for the upcoming festival season despite elevated prices, said a Mumbai-based bullion dealer with a private bank. Indians will celebrate the Dussehra and Diwali festivals in October, when buying gold is considered auspicious. In top consumer China, bullion changed hands anywhere between discounts of $7 to a $6 premium an ounce over the global benchmark spot price. 'Physical gold demand in Asia remains mixed. The jewellery sector continues to struggle under the weight of high prices… with no new import quotas announced, actual physical demand from Chinese traders appears to be more limited,' said Bernard Sin, regional director of Greater China at MKS PAMP. 'Tariff news sparked and reversed. No major gold relocations or withdrawals were seen.' U.S. President Donald Trump said on Monday he would not impose tariffs on gold, ending days of speculation that the metal could be caught up in the ongoing global trade spat. Gold set for weekly drop as US data dims large Fed rate cut hopes In Hong Kong, gold was sold at par to a premium of $1.60, while in Singapore , gold traded between at-par prices and a $2 premium. In Japan, bullion was sold at a discount of $0.50 over spot prices, according to a Tokyo-based trader.
News18
5 days ago
- Business
- News18
Ashapuri Gold Shines Bright at IIJS Premier 2025, Secures INR 102 Cr Order
PNNAhmedabad (Gujarat) [India], August 15: Ashapuri Gold Ornament Limited, a rising star in India's jewellery manufacturing industry, has struck gold — literally and figuratively — at the prestigious India International Jewellery Show (IIJS Premier) 2025, clinching purchase orders worth approximately ₹102 Cr from some of the country's most prominent regional and national jewellery retail chains, along with top-tier big-box jewellers. The orders, all from domestic clients, will be executed within just 90 days — a testament to Ashapuri's unmatched speed, scale, and quality in the highly competitive gold jewellery the Show Floor to the Boardroom — A Story of MomentumThe IIJS Premier is widely regarded as the crown jewel of India's jewellery trade events, where hundreds of suppliers compete for the attention — and confidence — of the nation's biggest buyers. For Ashapuri Gold Ornament Limited, this year's event was more than an exhibition; it was a milestone the last few years, the company has steadily built a reputation for precision manufacturing, design innovation, and uncompromising quality standards. This latest achievement not only boosts its already healthy order book but also solidifies its position as a trusted long-term partner for the country's retail jewellery Ashapuri Advantage – How We Outshine the Competition Ashapuri's edge in the market comes from a rare combination of tradition and technology: -Vertically Integrated Operations: In-house manufacturing from concept to completion, enabling complete control over design, quality, and delivery timelines. -Design-Led Growth: A talented design team that blends classic Indian artistry with modern consumer trends. -High-Volume Precision: Proven ability to handle bulk orders without sacrificing craftsmanship.-Deep Retail Relationships: Strong, repeat partnerships with major jewellery chains built on trust, transparency, and Jenik D. Soni's Vision – Building the Future of Indian Jewellery Manufacturing Commenting on the order win, Mr. Jenik D. Soni, CEO of Ashapuri Gold Ornament Limited, said:'This isn't just a big order — it's a big step forward in our journey to be one of India's most admired gold jewellery manufacturers. At Ashapuri, we don't just make jewellery; we craft trust, we craft value, and we craft growth stories. Our strength lies in our ability to merge artisanal skill with advanced manufacturing, giving our clients a rare combination of beauty, quality, and timely delivery. With the momentum from this achievement, we are on track to meet our ambitious growth targets and expand our footprint both in India and in select international markets."(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Time of India
6 days ago
- Business
- Time of India
Festive sparkle lifts exports: Gem and jewellery shipments jump 15.98% to $2.18 bn in July, Hong Kong rebound aids growth
Strong order bookings at the India International Jewellery Show (IIJS) Premiere and a recovery in the Hong Kong market pushed India's gem and jewellery exports up 15.98% year-on-year to $2,178.24 million (Rs 18,756.28 crore) in July, according to data from the Gem and Jewellery Export Promotion Council (GJEPC). Exports in July 2024 stood at $1,878.09 million (Rs 15,700 crore), PTI reported. 'The July exports are good and an encouraging sign for our industry. It mainly got a boost from successful substantial order bookings during the IIJS Premiere and a strong bounce back of the Hong Kong market. This performance is heartening, especially as it comes amid global challenges, such as the ongoing impact of the US tariffs,' GJEPC Chairman Kirit Bhansali said. The recently concluded IIJS Premiere 2025 generated estimated orders worth Rs 70,000–90,000 crore, lifting industry sentiment ahead of the festive season, the council said. Bhansali added that the industry is gearing up for SAJEX 2025 in Saudi Arabia this September, expected to open new trade and investment avenues in the Gulf. Within the broader exports basket, cut and polished diamond shipments rose 17.76% to $1,071.73 million (Rs 9,230.66 crore) in July from $910.13 million (Rs 7,608.79 crore) a year earlier. Polished lab-grown diamond exports increased 27.61% to $122.43 million (Rs 1,054.65 crore) from $95.94 million (Rs 802.16 crore). Gold jewellery exports climbed 16.39% to $813.77 million (Rs 7,005.96 crore) against $699.17 million (Rs 5,844.28 crore) in July 2024, the data showed. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
&w=3840&q=100)
Business Standard
6 days ago
- Business
- Business Standard
Gem, jewellery exports rise 15.98% to $2.17 billion in July: GJEPC
Gem and jewellery exports witnessed 15.98 per cent year-on-year growth to $2,178.24 million (Rs 18,756.28 crore) in July amid global challenges, the Gem and Jewellery Export Promotion Council (GJEPC) said on Wednesday. Overall gem and jewellery exports stood at $1,878.09 million (Rs 15,700 crore) in the corresponding month of 2024, according to data shared by GJEPC. "The July exports are good and an encouraging sign for our industry. It mainly got a boost from successful substantial order bookings during the India International Jewellery Show (IIJS) Premiere and a strong bounce back of the Hong Kong market. This performance is heartening, especially as it comes amid global challenges, such as the ongoing impact of the US tariffs," GJEPC Chairman Kirit Bhansali said in a statement. In the recently concluded IIJS Premiere 2025, an estimated Rs 70,000-90,000 crore order bookings have been generated, which boosted the confidence of the industry ahead of the festive season, said the council. The industry, Bhansali said, is bracing for a strong demand cycle domestically and internationally, and GJEPC is also gearing up for SAJEX 2025 in Saudi Arabia this September, which is expected to open fresh trade and investment opportunities in the Gulf. According to GJEPC data, the overall exports of cut and polished diamonds (CPD) grew by 17.76 per cent to $1,071.73 million (Rs 9,230.66 crore) in July 2025 compared to $910.13 million (Rs 7,608.79 crore) for the same period of the previous year. Export of polished lab-grown diamonds in July increased by 27.61 per cent to $122.43 million (in Rs 1,054.65 crore) against $95.94 million (Rs 802.16 crore) in the year-ago period. The total exports of gold jewellery rose 16.39 per cent to $813.77 million (Rs 7,005.96 crore) in July compared to $699.17 million (Rs 5,844.28 crore) for the same period of the previous year, the data added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
6 days ago
- Business
- News18
Gem, jewellery exports rise 15.98 pc to USD 2,178.24 mn in Jul: GJEPC
Agency: Mumbai, Aug 13 (PTI) Gem and jewellery exports witnessed 15.98 per cent year-on-year growth to USD 2,178.24 million (Rs 18,756.28 crore) in July amid global challenges, the Gem and Jewellery Export Promotion Council (GJEPC) said on Wednesday. Overall gem and jewellery exports stood at USD 1,878.09 million (Rs 15,700 crore) in the corresponding month of 2024, according to data shared by GJEPC. 'The July exports are good and an encouraging sign for our industry. It mainly got a boost from successful substantial order bookings during the India International Jewellery Show (IIJS) Premiere and a strong bounce back of the Hong Kong market. This performance is heartening, especially as it comes amid global challenges, such as the ongoing impact of the US tariffs," GJEPC Chairman Kirit Bhansali said in a statement. In the recently concluded IIJS Premiere 2025, an estimated Rs 70,000-90,000 crore order bookings have been generated, which boosted the confidence of the industry ahead of the festive season, said the council. The industry, Bhansali said, is bracing for a strong demand cycle domestically and internationally, and GJEPC is also gearing up for SAJEX 2025 in Saudi Arabia this September, which is expected to open fresh trade and investment opportunities in the Gulf. According to GJEPC data, the overall exports of cut and polished diamonds (CPD) grew by 17.76 per cent to USD 1,071.73 million (Rs 9,230.66 crore) in July 2025 compared to USD 910.13 million (Rs 7,608.79 crore) for the same period of the previous year. Export of polished lab-grown diamonds in July increased by 27.61 per cent to USD 122.43 million (in Rs 1,054.65 crore) against USD 95.94 million (Rs 802.16 crore) in the year-ago period. The total exports of gold jewellery rose 16.39 per cent to USD 813.77 million (Rs 7,005.96 crore) in July compared to USD 699.17 million (Rs 5,844.28 crore) for the same period of the previous year, the data added. PTI SM BAL BAL (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 13, 2025, 17:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
