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| 07 August, 2020, 03:12 PM IST | E-Paper
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    Fashion / Cosmetics / Jewellery

    Traders in Mumbai's Zaveri Bazaar stop selling jewellery against credit to retail jewellers

    Retailers have already returned a lot of gold jewellery the manufacturers, who are melting these into bars and selling in the market. They are using this money to reduce the interest cost on bank borrowing. In the process, import of gold is also coming down.

    Jewellers welcome government's move to further extend the deadline for mandatory hallmarking

    In view of the coronavirus pandemic, the government on Monday announced the extension of a deadline for mandatory hallmarking of gold jewellery and artefacts by over four months till June 1, 2021.

    Fairness creams take a step back to pause and reflect

    The world's biggest cosmetics companies have been selling a fairy tale that often goes something like this: If your husband's lost interest in you, if your colleagues dismiss you at work, if your talents are ignored, whiten your skin to turn your love life around, boost your career and command center stage.

    Deadline for mandatory hallmarking of gold jewellery extended till June 1 next year: Paswan

    The Centre, in November last year, had announced that hallmarking of gold jewellery and artefacts would be made mandatory across the country from January 15, 2021.

    Pond’s White Beauty goes for colour correction, entire skincare portfolio is being reworked: HUL

    Almost every leading cosmetics company from Procter & Gamble and Emami to Nivea and Johnson & Johnson focused on whiteness or fairness variants. But now, companies don’t have a choice but to change course, said industry executives.

    Indian jewellery companies in Hong Kong fear US-China tensions could affect exports

    The goods exported from Hong Kong will now be considered goods made in China for duty purposes. With tension between the US and China increasing over the spread of Covid-19, Indian jewellers and diamond traders who have offices in Hong Kong are worried over the flow of exports of gems and jewellery from China to the US.

    Jewellery industry expects consumer gold demand to struggle on surging prices

    The jewellery industry is expecting the consumer demand for gold to falter further amid surging prices of the precious metal and economic slowdown.

    US-China trade war : India sees bright future for gems and jewellery trade

    Gems and Jewellery Export Promotion Council (GJEPC) officials said with China imposing the national secuirty law on Hong Kong, the USA has given indication of raising duty on goods from there to 7.5 per cent from 3.3 per cent. Without going into the nuances of the US move, I feel it will possibly create opportunities for India in gems and jewellery trade," GJEPC chairman Colin Shah told.

    Why gold prices are rising in the midst of a pandemic

    With the coronavirus leaving most economies grasping for breath, there hasn’t been much cheer in the last few months, except the price of gold which has hit the roof - crossing Rs 50,000 / 10 grams.

    Hong Kong's latest virus surge and possible lockdowns have Indian jewellery exporters worried

    “Major exports were happening to Hong Kong and China only in the current scenario. But if a lockdown is announced, it will majorly impact our exports,” said Mavji Patel, managing director of Kiran Gems, a leading diamond exporting firm.

    Falling sales are making jewellery manufacturers think twice about rehiring migrant artisans

    Falling sales are making jewellery manufacturers think twice about rehiring migrant artisans

    Most of the artisans, or karigars, who work at jewellery manufacturing hubs in the country hail from West Bengal. Jewellers are ready to take them to work only if they take half of their salaries for at least three months till Diwali, when the industry is expecting sales to pick up.

    COVID-19 impact: Jewellery retailers take up digital channel to boost sales

    COVID-19 impact: Jewellery retailers take up digital channel to boost sales

    ​​The World Gold Council in a report titled 'Online gold market in India' said the COVID-19 disruption has caused jewellery retailers in India to re-evaluate their existing business model and noted that online retail adoption accelerated during COVID-19 across categories.

    Dressing up for the camera: How Covid pandemic is weaving a new clothing line

    Dressing up for the camera: How Covid pandemic is weaving a new clothing line

    Leading formal wear fashion brands are coming up with new clothing lines that focus on “comfort” and “functionality”, prompted by the Covid-led changes in consumer need.

    Gem, jewellery exports dip 34.72 per cent in June: GJEPC

    Gem, jewellery exports dip 34.72 per cent in June: GJEPC

    During April-June this fiscal, the exports dipped by 54.79 per cent to USD 2.75 billion as against USD 6.07 billion in the same period last year.

    Government extends time for duty-free import of diamonds sent for certification

    Government extends time for duty-free import of diamonds sent for certification

    "In view of COVID-19 pandemic situation, the government today extended relief to gems and jewellery sector by relaxing the requirement of re-import of cut and polished diamonds, which have been sent abroad for certification and grading, by three months," it said.

    Arvind Fashions in talks with Reliance Retail to sell two denim brands

    Arvind Fashions in talks with Reliance Retail to sell two denim brands

    Arvind Fashions has been restructuring its businesses for about a year, by trimming its global brands portfolio and pruning unviable outlets. Last year, it exited marketing arrangements with loss-making global labels including Izod, Gant, Nautica and Ed Hardy to focus on US Polo, Aeropostale, Gap, Flying Machine, and other labels.

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