Jewellers who take gold on lease & hedge get a shield against fall

KOLKATA | MUMBAI: Gold’s spectacular fall was a bonanza for retail buyers, but a mixed bag for jewellers and traders. Top-end jewellers with professional treasury operations sailed past the storm and are feasting in the gold rush, but the smaller ones, spoilt by the 12-year bull run, suffered as they didn’t bother to hedge their […]

Gitanjali Group launches 4 jewellery brands for high-end consumers

Diamond jewellery manufacturer and retailer Gitanjali Group has introduced four new brands in the entry price range between Rs 20,000 and Rs 50,000 apiece for mid- and high-end consumers in India. Made out of precious metals and coloured gemstones including rubies and emeralds, these brands would be displayed for the first time in the upcoming […]

Gitajanli buys 15.3% stake in Japanese firm Verite for Rs 25 crore

MUMBAI: Gitanjali Group, the leading branded jewellery manufacturer and retailer, today said it has acquired a 15.3 per cent stake in Japanese firm Verite for Rs 25 crore. “We have bought 15.3 per cent stake in Verite Co in Japan for approximately Rs 25 crore,” Gitanjali Group Chairman and Managing Director Mehul Choksi told PTI. […]