Mumbai-based jewellery company Renaissance Global Limited (RGL) posted a strong 23% year-on-year growth in its direct-to-consumer (D2C) business revenue to Rs 53.8 crore in the second quarter of fiscal 2024 (Q2 FY24), compared to Rs 43.9 crore in Q2 FY23. The Q2 FY24 results mark the fifth straight quarter of 20%+ D2C growth for RGL, […]
Close on the heels of Titan Co, jeweler DP Abhushan too reported unprecedented growth during the COVID-19 impacted financial year, particularly the last three months. Against Titan Co’s 61% revenue growth, DP Abhushan Ltd reported an even higher growth of 152% in its top line for the three months ended March 2021. The company’s revenue […]
Titan Co, which had seen a sharp fall in its revenue and profit in the aftermath of the COVID-19 lock-down, today reported a 15% increase in festival sales of jewelry items. This continues a theme of recovery seen in the last few months. For example, during the three months from July-September, the company had managed […]
Titan Company, India’s largest jewelry retailer and a part of the Tata Group, said second quarter revenue from its mainstay jewelry division was almost at the same level as what was seen in the same quarter last year, while its eyewear and watches division continued to suffer from the impact of the pandemic. The jewelry […]
Jewelry manufacturer Rajesh Exports said it has won an order for jewelry worth Rs 933 Crores from a UAE-based firm. The order is for its new design jewelry, and will be supplied from its manufacturing facility. It order has to be fulfilled by March. The company had recently introduced new designs in the international markets which […]
Titan Co, India’s largest jewelry company, said its mainstay jewelry business saw retail sales that were in line with expectations for the October-December period, but there was a slight slowdown in sales to franchisees. It also said its pilot stores for special occasion ethnic wear are doing well and it may open a few more […]
Lypsa Gems and Jewellery said it will launch a new portfolio of 100 designs under its diamond studded jewelry collection for its wholesale clients in the Middle East. “The company is hopeful to receive orders from its wholesalers and jewelry retailers based in the Middle East Market,” it said. Lypsa Gems and Jewellery is one […]
Diamond industry associations jointly decided not to suspend imports of rough diamonds right now, and to deal with the issues facing the industry through further consultations. The industry considered clamping down on imports, but decided against it as “as the workforce in factories will be the first priority for the trade.” At present, the Indian […]
