IDEX Online - Russian News

Surat Diamond Plants Close For Summer Vacation

Thu, 6 Jun 2013 03:58:00 GMT

Most diamond manufacturing plants in Surat, India's cutting and polishing center, have closed down for the summer vacation.

Gitanjali Jewels Closes in on 100 Stores in India

Wed, 5 Jun 2013 04:00:00 GMT

India's Gitanjali Jewels, the retail arm of jewelry manufacturer Gitanjali Group, recently opened two new stores in Bangalore, making six outlets in the city and 97 across the country.

Revenues Surge at Shrenuj & Co in Fiscal Year 2013

Tue, 4 Jun 2013 03:49:00 GMT

Indian diamond and jewelry manufacturer and retailer Shrenuj & Co posted a 22-percent jump on the year in revenue to just over $710 million for the fiscal year that ended on March 31.

Gems London Merges with Japan’s Imacbc

Tue, 7 May 2013 03:00:00 GMT

India's Gitanjali Gems Ltd says Gems London Co Ltd, in which it has a 30 percent holding, has merged with Tokyo based Imacbc Ltd.

DTC Southern Africa Announces Shining Lights Awards Winners

Fri, 3 May 2013 00:00:00 GMT

The Diamond Trading Company's Southern Africa Shining Lights Awards diamond jewelry design awards have been announced.

Relationships Add the Most Value to Retail

Sun, 3 Mar 2013 03:00:00 GMT

Indian jewelry retail has never worried too much about the customer. It hasn’t even focused on the product so much as the intrinsic value of the materials – primarily gold – from which the product has been fabricated.

Relating to Consumers is Key to Retail Success

Sun, 3 Mar 2013 02:00:00 GMT

“Shopping is a continuous transformation process for the consumer.” So said Govind Shrikhande, Managing Director of Shoppers Stop, the Indian countrywide chain that pioneered the modern retail format in India and a leader in the evolution in the way products are bought by Indian consumers.

Fluctuating Demand but Prices Hold Firm

Sun, 3 Mar 2013 01:00:00 GMT

The Mumbai polished diamond market saw major demand fluctuations in February. Prices remained steady for the most part but towards the end, after rough diamond prices were raised at the De Beers Sight, there was an immediate strengthening in the asking prices for polished as well.

The Overriding Need To Bridge the Gap with Government

Tue, 5 Feb 2013 07:31:00 GMT

The jewelry retail fraternity in India sees challenging times in 2013. What is surprising is that much of the challenge lies in tackling situations that have arisen or are likely to arise as a result of government policy decisions and legislation. To hear the industry tell it, the government seems unmindful of the consequences of its actions on the industry.

2013 Jewelry Retail Outlook: Wal-Mart Entry Might Be an Opportunity but Gray Market Threatens All

Tue, 5 Feb 2013 07:15:00 GMT

The Indian jewelry industry is in for a challenging year in 2013. A rapidly expanding gray market and the potential adverse fallout from the anti-money-laundering laws that have been passed by Parliament are at the forefront of issues confronting jewelry retailers.