Latest news with #MalabarGoldandDiamonds
Hans India
4 days ago
- Business
- Hans India
Food distribution vehicles to reach out to poor
Visakhapatnam: In order to reach out to the poor and satiate their hunger, food distribution vehicles were flagged off in the city on Wednesday. Marking the World Hunger Day, the vehicles were launched by Malabar Gold and Diamonds, Visakhapatnam as part of its corporate social responsibility. After inaugurating the vehicles, Visakhapatnam South constituency MLA Ch Vamsi Krishna Srinivas Yadav lauded the efforts of the jewellery group for catering to the needs of the weaker sections. Appreciating the group's management, the MLA said the jewellery group allocated Rs.150 crore for the initiative. He said that the group has been organizing various service oriented programmes in the fields of healthcare, education, poverty eradication, women empowerment, environmental protection, and construction of houses for the poor through the Hunger Free World scheme.
India Gazette
5 days ago
- Business
- India Gazette
Customers shifting to 18-carat jewellery from 22-carat as gold rates rise: Malabar Gold
New Delhi [India], May 28 (ANI): There has been a shift in preference by gold jewellery buyers with the rising prices of the yellow metal. Talking to reporters on Wednesday in the national capital, O Asher, Managing Director of Indian operations for Malabar Gold and Diamonds, said, rising gold prices are driving customers to shift from 22-carat to 18-carat jewelry. While the overall value of gold jewellery sales has increased, the per-customer volume has declined, he said. 'We are creating lighter-weight jewelry while maintaining the same designs to keep pieces within our customers' budgets,' Asher explained. 'If someone has a budget of one lakh rupees, they cannot increase it, so we've adapted our strategy. By keeping designs identical but reducing weight slightly, we ensure customers' aspirations aren't compromised,' Asher added. 'In some regions, we have observed customers transitioning from 22-carat to 18-carat jewelry.' Publicly available data showed that international gold prices rose at an unprecedented pace in 2025, soaring over 25 per cent. Over the past year, they have risen about 45 per cent. Analysts say that buyers are staying away from purchasing gold jewellery or investing in the metal, owing to an unexpected rise in prices. Gold prices, both in India and worldwide, are trading at their all-time highs or nearabout, due to its safe-haven appeal amidst ongoing trade uncertainties. The uncertainties surrounding Trump's reciprocal tariffs plan and counter-tariffs also came as a shot in the arm to international gold prices. Coming back to Asher, asked about the Federation of Indian Export Organisations' (FIEO) projections of USD 1 trillion in exports in 2025-26, he emphasized the target was reachable. 'Our focus is to manufacture in India and market to the world. We operate in 13 countries, and if businesses work in line with our Prime Minister's vision, I am 100 percent confident we will achieve the USD 1 trillion export target.' Today, MP Ahammed, Chairman of Malabar Group, has provided insights on market conditions. 'Gold prices remain unpredictable, with no clear indication of future direction. However, recent surges stem from US President Donald Trump's tariff policies and ongoing geopolitical tensions. Rising jewelry prices actually boost consumer confidence, as we've witnessed consistent price appreciation over the past 25-30 years,' Ahammed said. Gold has become a preferred global reserve asset, with governments and central banks worldwide increasing their holdings. The share of gold maintained by the Reserve Bank of India (RBI) in its foreign exchange reserves has almost doubled since 2021. According to a report on Management of Foreign Exchange Reserves by the Indian central bank, the gold share in forex kitty, in dollar terms, rose from 5.87 per cent in March 2021 to 11.70 per cent in March 2025. In September 2024, the gold's share was at 9.32 per cent. Historically, gold, as an asset, is considered to be a haven as it typically manages to retain or appreciate its underlying value in times of turbulence. (ANI)
News18
26-05-2025
- Entertainment
- News18
‘What A Save': Alia Bhatt's Necklace Nearly Falls Off At Cannes, Here's How She Handled It
Last Updated: An unseen video from Cannes 2025 closing ceremony shows Alia Bhatt saving her necklace from slipping off. Fans praised her quick thinking! Alia Bhatt made heads turn with her stunning red-carpet appearances at Cannes film Festival 2025. For the closing ceremony, she donned a Gucci ensemble, the brand's first-ever bespoke saree. She confidently waved at the paparazzi, and was all smiles as she made the red carpet appearance. However, did you know she had a split-second near-mishap? The actress' necklace nearly fell off, however, she turned it into an iconic moment! It soon became the highlight, with everyone praising her quick thinking to avoid an awkward situation. An unseen video on social media shows Alia's necklace unhooking and nearly slipping off as she posed on the red carpet. The footage captures the moment her necklace begins to fall, leading her to quickly grasp it and pose with her hand around her neck, stopping the necklace from falling off. This gesture wasn't planned but was a swift move to prevent a last-minute jewellery mishap. In the process, she unintentionally created one of the most iconic photos of the night! Fans React To Alia Bhatt's Necklace Nearly Falling Off At Cannes Red Carpet Social media users were quick to commend Alia's agility and composure in handling the necklace mishap on the red carpet. They applauded her quick thinking, and while one netizen commented, 'What a save turned it into a glamorous moment," another one wrote, 'Great catch Alia!" 'Credits given where it's due. She did it pretty gracefully," one user commented, while another added, 'Yeah, she wasn't nervous at all. I loved this new look of hers." For the event, Alia donned jewellery from Malabar Gold and Diamonds. She wore a necklace featuring rare old European-cut diamonds in rustic gold with an oxidised finish, exuding vintage Victorian charm. Alia Bhatt's Gucci Saree At Cannes 2025 Alia graced the 78th Cannes Film Festival in a custom saree designed by Gucci, featuring a bralette, skirt and a drape. The contemporary silhouette featured the brand's GG monogram embedded into the criss-cross pattern of the unique saree. Meanwhile, her first Cannes red carpet appearance featured a soft nude Schiaparelli gown from the Spring 2025 couture collection, styled by Rhea Kapoor. First Published:
Hindustan Times
26-05-2025
- Entertainment
- Hindustan Times
How Alia Bhatt turned around her necklace breaking at Cannes 2025 into her most memorable moment on red carpet. Watch
Actor Alia Bhatt's pose with her hand around her neck on the red carpet on the closing day of the Cannes Film Festival was a moment of quick thinking. It wasn't a pre-planned gesture, but rather a move to prevent a last-minute wardrobe mishap. Also read: 'In what universe is this a saree?': Alia Bhatt's Swarovski Gucci look for Cannes has internet scratching their heads On May 24, Alia walked the Cannes red carpet for the second time in a Gucci ensemble, which many called the luxury brand's first-ever creation inspired by the Indian saree. Alia's pose, however, has stolen the spotlight, with everyone buzzing about the split-second reaction to avoid an awkward moment on the red carpet. A new video surfaced on social media shows Alia's necklace getting unhooked and almost slipping off. The video captures the moment when Alia's necklace starts to slip off, prompting her to swiftly grasp it and pose with her hand around her neck, preventing the necklace from falling. A post shared by Priyanshu Goel | Celebrity Jewellery (@the_gemtlemen) For the outing, Alia wore jewellery by Malabar Gold and Diamonds. She wore a necklace with rare old European-cut diamonds in rustic gold with an oxidised finish. The pieces came with vintage Victorian charm. It was co-created with Rhea Kapoor and reimagined by Mine Diamonds. Social media users were quick to praise Alia's swift thinking and poise as she handled the necklace mishap on the red carpet. 'Credits given where it's due. She did it pretty gracefully,' one wrote, with another sharing, 'Yeah, she wasn't nervous at all. I loved this new look of hers'. 'Oh that's why her hand was there, i thought she was trying a new pose and she absolutely nailed it no doubt in it,' another social media user. Alia Bhatt wore a GG monogrammed sari-inspired drape by Gucci at the closing ceremony of the Cannes Film Festival. Alia dazzled on the red carpet in a nude-hued, sequinned Gucci ensemble that was inspired by a sari drape and adorned with the brand's iconic GG monogram. Styled by Rhea Kapoor, the ensemble is being described as Gucci's first creation with the Indian silhouette. The look was bejewelled from head to toe in Swarovski crystals. The outfit featured a plunging blouse, a straight skirt, and a dupatta-like drape, all intricately woven into a mesh of GG monograms, creating a jaal. Alia was at the film festival as one of the ambassadors of cosmetic brand, L'Oréal.
Time of India
05-05-2025
- Business
- Time of India
How are wedding shoppers dealing with sky-high gold price?
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Wealth (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) Bride-to-be Arpita Agarwal visited one of India's largest gold markets earlier last week to buy traditional jewellery for her wedding guests—chains for men and rings for women. As she navigated the crowded lanes of old Delhi's Chandni Chowk , the lofty prices made her reconsider.'We wanted to browse gifts for my wedding, but the options are way out of our budget,' the 24-year-old said, as she inspected jewellery in some stores. 'We will probably hand out cash, or maybe try to come here again closer to the wedding date.'The Hindu and Jain festival of Akshaya Tritiya is one of the most auspicious periods in India's calendar, a time for weddings, investments and gold buying. Snapping up bullion during this time is believed to bring prosperity, good fortune and success. But with prices up by more than a quarter so far this year, after a similar jump in 2024, many shoppers are holding briefly surpassed Rs.1,00,000 ($1,172) per 10 gram for the first time a few days back in the world's second biggest market for the precious metal, tracking a surge in global prices that have been pushed higher by trade wars, geopolitical uncertainty and central bank buying.'Such price levels will continue to restrict jewellery volumes,' the World Gold Council said in its latest report. 'Indian buyers are likely to use any price dips as opportunities to buy.'India's largest jewellery companies have rolled out special Akshaya Tritiya collections. Some are offering discounts and even instalment plans, allowing buyers to pay as little as Rs.5,000 a month. However, business remains slow, store holders said.'High prices and evolving lifestyle choices are driving demand for lightweight gold jewellery,' said M.P. Ahammed, Chairman of Malabar Gold and Diamonds, which has about 400 retail outlets in more than a dozen countries. 'Customers are becoming discerning—putting greater emphasis on quality and purity standards, design excellence and offers.'India's jewellery demand slumped 25% from a year earlier to 71.4 tonne during the first three months of 2025, according to the World Gold Council. Crisil Ratings anticipates a decline in sales of as much as 11% during the fiscal year through March 2026. India accounted for almost 30% of global demand for jewellery, bars and coins last year, according to the data compiled by the World Gold Chandni Chowk, a centuries-old market that sells gold, perfume, shoes, clothes and accessories for weddings, the lanes were jam-packed, but even during the peak shopping hour, some jewellers sat idle.
