Latest news with #Tanishq
Fashion Value Chain
a day ago
- Entertainment
- Fashion Value Chain
Celebrate Graduation in Style with Mia by Tanishq's Exciting Offers
Mia by Tanishq, one of India's leading fine jewellery brands, announces the 'Joy of Gifting Festival'-just in time for the convocation season. The brand is offering customers a Flat 20% off* on making charges of diamond jewellery, making it the perfect opportunity to gift a lasting token of pride and promise. Celebrate Graduation in Style with Mia by Tanishqs Exciting Offers Graduation is more than just a ceremony, it's a moment that symbolises growth, hard work, and the beginning of a bold new chapter. Whether youre gifting a loved one or treating yourself for your achievement, Mia's elegant and contemporary collections make for the perfect graduation gift-something timeless to carry forward into life's next adventure. Mia's lightweight, chic designs cater to every kind of celebration, ensuring that your gift is as memorable as the moment itself. Mia by Tanishq offers an array of collections, made in 14kt and 18kt gold, adorned with certified natural diamonds. Available at sweet selling price points, the brand offers versatile pieces that can be worn everyday or thoughtfully gifted to loved ones. Innovative designs, including elaborate earcuffs, brooches that double as pendants, lightweight earrings, stackable bracelets, trendy sui-dhagas and intricate ring. The brand's latest collection – The 'Mia Fiora' Collection brings delicate floral motifs to life, featuring intricate designs that reflect the freshness of spring and the essence of personal growth. Gold filigree petals, dainty layered patterns, and hand-carved stones come together to create pieces that celebrate sophistication and individuality. The Joy of Gifting Festival is available from 23rd May to 8th June 2025 at all Mia by Tanishq stores and online at It's a golden opportunity to celebrate graduates with a gift that mirrors their achievement. A deal this special doesn't come often-so mark graduation day with a sparkle that celebrates their journey and the endless possibilities that lie ahead! *Terms and Conditions apply. About Mia Born with the heritage and the legacy of Tanishq, Mia is a brand of bold, modern, and chic jewellery. For the young, the young at heart and the stylish, Mia crafts gold jewellery in designs that are unique, minimal and extremely versatile. Featuring a wide range, the collections from Mia are designed to style one for every moment and every occasion effortlessly. Crafted in 18kt & 14kt gold the Mia has over 2500 designs of stunning natural diamond jewellery starting at Rs.4999/-*. Mia is a network of 230+ exclusive stores and present in leading Tanishq stores across 75 cities within India. Their store at the Burj Uman Centre in Dubai marks the launch of Mia's international presence with three stores in UAE. Delightful designs from Mia are also available through their home page and across other online platforms Amazon, Tata CliQ, Myntra, Nykaa Fashion.
Time of India
4 days ago
- Business
- Time of India
Buyers put their money on rock as gold prices peak
New Delhi: India's largest jewellery chain Tanishq's CEO Ajoy Chawla said solitaires in smaller stone sizes are seeing a 'whopping' increase in customer demand. At an overall level, studded jewellery buyers are outpacing those choosing gold. "Not now, but the last two quarters, and it carries on into this month (May). April has also been that way," Chawla said during an earnings call of parent Titan Company on May 8. He later told ET that penetration of diamond jewellery among Indian customers is currently in single digits, or at best, 10-11%. The total size of the Indian jewellery industry is about ₹5.5-₹6.4 lakh crore while the diamond industry is at ₹70,000-₹75,000 crore, Chawla said. "And, therefore, certainly we want higher growth. How much higher growth, we have not put a number to it. We have our goals. And there is an expectation that the diamond-studded jewellery market will grow at a faster rate," said Chawla. With gold prices scaling the ₹1 lakh mark, diamond-studded jewellery, particularly one carat solitaires, are being increasingly preferred in the ongoing wedding season that started in April and will run till June-end, with jewellers indicating a 20% jump in offtake compared to last summer wedding season. A carat of good-quality diamond is priced at ₹2.5-₹3.5 lakh, depending on the cut and clarity. "The purchasing power of Indians have increased, and they are now looking at diamonds for wedding purposes. India is witnessing a double-digit growth in diamond demand," said Amit Pratihari, managing director at De Beers India . Jewellery retail stores are also pushing diamond jewellery as they earn more incentives for diamond sales. Ramesh Kalyanaraman, executive director at Kalyan Jewellers , said the company's sales team has been incentivised to sell more studded jewellery. "When the gold price is high, conversion to studded jewellery becomes much easier," Kalyanaraman said. This month, overall prices of polished natural diamonds have remained stable, with a slight upward movement. "There's no sharp spike like we saw in April, but there's a tendency for prices to rise gradually," said Jignesh Mehta, managing director at Mumbai-based Divine Solitaires. "Consumers are showing continued interest in solitaires, and that's reflected in steady movement at the higher end. On the other hand, smaller goods and lower-quality diamonds are not performing as well. In fact, prices in those categories are quite flat or under pressure. So, it's clear-good quality diamonds, especially solitaires, are the ones holding value and showing upward momentum," Mehta said.
Time of India
6 days ago
- Time of India
Tanishq store manager booked for Rs 17 lakh criminal breach of trust in Rajkot
Representational image RAJKOT: A Tanishq jewelers store manager in Rajkot faces charges for misappropriating cash and jewelry valued at Rs 17 lakh belonging to a customer. The Rajkot Taluka police station has filed charges against Nilesh Dhadhda under BNS section 316 (4), pertaining to criminal breach of trust by a clerk or servant. According to the police complaint filed by Chetan Jadav, the store's liaison officer, Dhadhda had been transferred from their Gandhidham showroom in Kutch before the alleged incident occurred. The matter came to light on May 4 when a regular customer, Milan Pota, informed Jadav about his online payment of Rs 3 lakh made on January 10 and his deposit of old jewelry worth Rs 14 lakh, including a diamond ring, with Dhadhda on March 19. The customer had ordered new design jewelry in exchange for the cash and old jewelry, with Dhadhda being responsible for the delivery. The complaint states that Dhadhda allegedly retained the new jewelry, sold it in the market, and misappropriated the proceeds. Despite Jadav filing a police application and allowing Dhadhda time to return the money, he failed to reimburse the showroom. Subsequently, Jadav filed a formal complaint of criminal breach of trust on Tuesday.
Time of India
27-05-2025
- Business
- Time of India
Plain & Simple, Titan Seems to be Having a Great Time
HighlightsTitan Company shares rose nearly 7.4 percent following the announcement of a 19.4 percent increase in revenue and a 13 percent rise in net profit for the fourth quarter. The company plans to open 40-50 new Tanishq stores in fiscal year 2026 while renovating or relocating 50-60 existing stores to enhance its market presence. Emkay Global Financial Services noted that Titan Company faced challenges from high gold prices affecting consumer sentiment, prompting the introduction of a 9-carat collection in its Caratlane business to make jewellery more affordable. Titan Company shares have gained nearly 7.4 per cent after declaring double-digit revenue and profit growth for the fourth quarter on May 8, outperforming the 5 per cent gain in the BSE Durables index amid a volatile broader market. The jewellery and watch maker is expected to continue reporting strong momentum driven by increase in ticket sizes and reach. It plans to open 40-50 new Tanishq stores in FY26 while aiming to renovate, relocate or enlarge 50-60 existing stores. According to Emkay Global Financial Services , Titan observed an impact on consumer sentiment due to high gold prices , in gold jewellery, within the sub-₹50,000 price band. In the higher price band, buyer growth was seen with higher demand for simple designs that attracted lower making charges. To offer more options to consumers amid steep gold prices, Titan has introduced a 9-carat collection in its Caratlane business to make products affordable. Higher gold prices also increased the company's finance cost to ₹252 crore in the March 2025 quarter from ₹201 crore in the year-ago quarter. Jewellers and manufacturers tend to lease gold from bullion banks instead of maintaining their own inventories of the precious metal to reduce the risk of price volatility. Gold-on-lease (GOL) rates shot up recently, adding to the woes of gold users. The company mentioned during the analyst call after declaring quarterly result that overall gold price increase has a larger impact for the full year. GOL rates have been settling down and are now about 75-80 bps above the historical number after nearly doubling. Revenue from operations and net profit grew by 19.4 per cent and 13 per cent on-year to ₹14,916 crore and ₹871 crore. Ebitda margin rose by 10 bps on year to 11.9 per cent in March quarter. Centrum Broking expects Titan to benefit from launch of new designs and rising share in wedding jewellery . After considering lower FY25, it has cut earnings for FY26 and FY27 by 13 per cent and 6 per cent and have changed rating from 'buy' to 'add' with a P/E of 60 for FY27 and target price of ₹3,960.
Business Mayor
22-05-2025
- Business
- Business Mayor
Jewellery demand up as gold falls 7% from peak of Rs 1 lakh per 10 gm
Representative Image Kolkata: Gold jewellers report a gradual increase in footfalls as the yellow metal prices have fallen by 7% from a peak of ₹1 lakh per 10 grams on April 22 as the US-China trade war de-escalated and geopolitical tensions eased. Jewellers said there is rising demand for 18-carat studded and plain jewellery, along with the traditional 22-carat jewellery, for the upcoming wedding season in June and July. In the international market, gold prices fell more than 4% last week-the steepest weekly loss since November 2024-to touch $3,180 per troy ounce on Friday as the safe-haven demand waned after the US and China agreed to lower tariffs for 90 days last week. The yellow metal had hit a record high of $3,500 per ounce on April 22. Meanwhile, geopolitical situation improved as India-Pakistan tensions eased and Ukrainian and Russian officials on Friday held their first direct meeting since March 2022. 'After Akshaya Tritiya, the gold market remained dull as prices remained steep. But over the last week, we have seen consumers returning to the market as gold prices have dropped,' said Surendra Mehta, national secretary of the India Bullion & Jewellers Association (IBJA). People are mostly buying for marriages in June. 'Some are even placing orders for the wedding months of November and December as they fear that prices may shoot up if Trump imposes a reciprocal tariff after the 90-day window,' Mehta said. Footfalls are increasing in tier-2 and tier-3 cities as well, according to reports trickling in from the jewellers, he added. With gold prices rising almost 24% since the start of 2025, jewellers have seen growing demand for more affordable 18-carat plain gold jewellery for weddings-a segment traditionally dominated by 22-carat gold. They noted that the lower caratage is no longer limited to studded jewellery alone. 'There is an early traction for 18 carat jewellery and I think more and more customers are going to be open to lower caratage simply because the price point has become quite a bit,' Ajoy Chawla, CEO of Tanishq, had said in the Q4 earnings call earlier this month. He said the company was looking at lower caratage to reduce the price points. 'So, if people have been used to buying 18-carat studded, they are also now beginning to get comfortable with 14 (carat), and in the case of CaratLane (jewellery brand), they have also introduced 9-carat,' Chawla said. IBJA's Mehta said the association wrote to the Bureau of Indian Standards, requesting the agency to come out with hallmarking unique identification numbers for 9-carat gold jewellery.
