ajoy chawla

With an eye on rising gold prices, jewellery brand Tanishq is betting big on light-weight gold jewellery. It aims to move more than 50% of its gold jewellery range to its recently introduced ‘Hi-Lites’ segment in 12 months.

Geopolitical tensions and trade concerns are impacting hiring and consumer spending, particularly in the mass-market jewellery segment. Fluctuating gold prices have dampened demand in the sub-Rs 1 lakh category, while premium segments remain strong. Titan is focusing on lower caratage products and diamond expertise to stimulate demand amidst the prevailing uncertainty, hoping tax breaks will boost consumption.

Soaring gold prices are quietly breaking India’s oldest buying habit. Titan’s turn to lab-grown diamonds is not about style, it is about survival as tradition slips out of middle-class reach.

Tamil Nadu’s fascination with its Chola heritage has translated into excellent enquiry and sales for the ‘Chozha collection’ launched by jewellery brand Tanishq and prompting the company to think of taking the range to the rest of India.

Watch manufacturing major Titan and the World Wildlife Fund signed an agreement to come out with watches on five endangered species of India.

Titan expects its jewellery business to have a muted recovery this year, unlike a V-shaped one last year, mainly due to the more devastating impact of the pandemic, which spread to the rural areas and resulted in more loss of lives.

Gold prices scaled yet another peak in India, crossing the 60,770 per 10gm mark (24 carat including taxes) on Thursday as international spot gold prices hit a high of $1959.4 per ounce (Oz) and Indian Rupee depreciated against the US dollar, slipping below 82 mark.

Tricity’s higher education scene is all set to undergo a major overhaul.

Mumbai solidifies its position as a global trade hub with the inauguration of the 41st India International Jewellery Show (IIJS) Premiere. This year's event, themed "Brilliant Bharat – Architecture of India", features over 2,100 exhibitors and anticipates ₹70,000 crore in business.

Titan's watch and CaratLane businesses are poised to reach $1 billion in revenue soon, driven by premiumization and volume growth across brands like Fastrack and Sonata. The company's jewellery segment continues its strong performance, while other ventures like Damas and TEAL are also on track for significant revenue milestones, showcasing Titan's evolution into a diversified lifestyle powerhouse.

Heightened volatility in gold prices, which have been witnessing wild intra-day swings and last week scaled all-time high levels of 63,000 per 10gm for 24K (999 purity, including taxes), has spooked several buyers and could turn out to be a dampner for the auspicious Akshaya Tritiya that falls on April 22 this year, fear jewellers.