The World Gold Council (WGC) on Wednesday said the share of investment demand in India's total gold consumption will likely rise in 2025.
Kept under lock and key in the treasury of the Karnataka government, housed in the Vidhan Soudha, Jayalalithaa’s properties were decreed to belong to the Tamil Nadu government by the Karnataka High Court in a judgment made last month.
The overall imports of gems and jewellery for October stood at Rs 12,489.33 crore, showing a decline of 14.65 per cent as compared to Rs 14,496.03 crore for the same period last year.
Gold and silver jewellery of Kali idol was stolen from a temple after the pujas that ended wee hours of Friday at a village in Ausgram, East Burdwan.
There has been another jewellery store robbery, in the city outskirts this time. The incident took place in Budge Budge police station area of South 24-Parganas.
Online jewellery sales in India have seen rapid growth over the past few years, largely driven by demand from millennials amid growing internet penetration, World Gold Council said. Most online sales, it said, are driven by consumers aged between 18 and 45 and while online jewellery purchases have risen, the average ticket size has, however, remained between 5 and 10 grams.
The woman filed a police report in Virugambakkam, and the man was interrogated, confessing to the crime.
An eternity ring typically consists of a continuous band of your preferred cut/shape of diamonds or gemstones.
"We should keep a target of USD 100 billion exports in the jewellery industry worldwide. We should work to see how it can be achieved regarding policies by the government and global players to persuade the market," he said in his speech.
Describing the Gems & jewellery sector as a strong pillar of the Indian economy, he said, “Our Gold and Diamond trade contributes about 7 per cent to our GDP and employs over 50 Lakh people. The exports already stand at $ 32 billion this year until January.”
