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India’s Luxury Market May Grow to $15B by 2015
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India’s luxury market is expected to grow 25 percent in 2013 and at that same rate for the next two years, up from the current level of $8 billion and irrespective any global economic slowdown, according to a study by ASSOCHAM-Yes...
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Retail
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Feb 06, 2013
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Dilipp S Nag
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Shree Ganesh to Set Up Jewelry Unit in Bangladesh
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India’s Shree Ganesh Jewellery House (I) Ltd. plans to set up a jewelry manufacturing unit in Bangladesh as it expands its global market base. The company recently entered into a joint venture with Rocks Creation Ltd. of Bangladesh...
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Manufacturing
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Dec 11, 2012
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Dilipp S Nag
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Research
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Dec 03, 2012
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Dilipp S Nag
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Shrenuj's 2Q Sales +7%, Profit -2%
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Shrenuj & Co. Ltd. reported that group sales rose 7 percent year on year to $151.5 million (INR 8.24 billion) during the second fiscal quarter that ended on September 30, 2012. Profit, however, declined...
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Polished Markets
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Nov 12, 2012
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Dilipp S Nag
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Rough Markets
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Oct 25, 2012
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Dilipp S Nag
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Signet Jewelers to Buy Ultra Stores For $57M
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Signet Jewelers Ltd. has agreed to acquire Ultra Stores Inc. from Crystal Financial LLC and its other stockholders for approximately $57 million in cash. Signet will not assume any debt in connection with...
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Retail
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Oct 24, 2012
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Dilipp S Nag
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Retail
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Oct 04, 2012
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Dilipp S Nag
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Rio Tinto Launches Sustainable Jewelry Collection
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Rio Tinto has launched its inaugural sustainable jewelry collection. The collection, named "Nature's Beauty," uses gold from Rio Tinto's Kennecott Utah Copper mine in the U.S., with white and champagne diamonds...
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Retail
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Jul 25, 2012
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Dilipp S Nag
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CRISIL Urges Govt. Policy Change to Revive Rupee
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The Indian government needs to implement a series of policy changes to revive the rupee, CRISIL said. The research company stressed that the currency, which has lost about 25 percent in value in the past year against...
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Financial-Legal
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Jul 04, 2012
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Dilipp S Nag
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India Dazzles JCK Show Attendees
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Press Release: The U.S. jewelry industry's most comprehensive gathering that took place from June 1 to 4, 2012 at Mandalay Bay Hotel & Conventional Center, Las Vegas, Nevada, reinstated India's position as the jewelry design...
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Polished Markets
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Jun 12, 2012
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GJEPC
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Rough Prices to Remain Flat in 2012 Says BMO
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Rough diamond prices are likely to remain flat at current levels in 2012 given near-term economic uncertainty, BMO Capital Markets projected.“The 2012 outlook for rough diamond prices appears to be more muted,” said BMO analysts...
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Rough Markets
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Jun 11, 2012
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Dilipp S Nag
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Shrenuj's 4Q Sales +11%, Profits +3%
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Shrenuj & Co. Ltd. reported that group net sales rose 11 percent year on year to $147 million (INR 8.13 billion) during its fourth fiscal-quarter that ended on March 31, 2012. The growth was...
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Manufacturing
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May 29, 2012
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Dilipp S Nag
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Gitanjali's 4Q Sales +47%, Profit +8% to $19M
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Gitanjali Gems Ltd. reported that group net sales rose 47 percent year on year to $642.5 million (INR 35.32 billion) during its fourth fiscal quarter that ended on March 31, 2012. Growth was driven...
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Retail
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May 22, 2012
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Dilipp S Nag
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Richemont's FY Sales +29%, Profit +43%
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Richemont reported that group sales rose 29 percent year on year to $11.39 billion (EUR 8.87 billion) during the retailer's fiscal year that ended on March 31. Revenue growth was driven by higher demand from...
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Retail
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May 16, 2012
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Dilipp S Nag
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ASSOCHAM Survey Suggests Ways to Support Rupee
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Internal country demand for investments and increased remittances by Indian expatriates are immediate solutions to problems facing the Indian economy in the form of a depreciating rupee against the dollar under the impact of capital outflows...
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Financial-Legal
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May 14, 2012
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Dilipp S Nag
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Indian Jewelers to Experience Slow Demand
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The Indian gems and jewelry industry is likely to continue experiencing subdued demand in 2012, with volume growth of below 4 percent for the overall segment due to a reduction in discretionary spending both in the export and domestic...
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Retail
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May 10, 2012
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Dilipp S Nag
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C. Mahendra Infojewels Files for IPO
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C. Mahendra Infojewels Ltd. (CMIL) is planning to raise capital through an initial public offering (IPO) to repay debt, enhance its working capital and set up gold refinery unit.CMIL filed its draft prospectus with the capital...
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Manufacturing
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Apr 05, 2012
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Dilipp S Nag
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Kimberley Process Chair Visits India
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Gillian Milovanovic, the U.S. chair of the Kimberley Process, is in India to oversee the function and to better understand the country’s diamond trade.Milovanovic (pictured), the first woman to serve as Kimberley Process chair, began her two-day...
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Rough Markets
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Mar 22, 2012
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Dilipp S Nag
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Diamond Prices to Remain Firm This Year
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Diamond prices, which have remained strong following a cycle of auctions in 2012, are expected to remain firm this year due to strong demand from India and China, coupled with an improving macro-economic outlook for the...
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Polished Markets
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Mar 15, 2012
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Dilipp S Nag
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Asian Demand, Tighter Supplies are Main Drivers in 2012
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Global diamond demand is likely to grow at a ''fairly nice'' pace, driven by consumers across Asia coupled with tighter supplies in the absence of any new big diamond mines, said Varda Shine, the chief executive of the...
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Rough Markets
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Feb 20, 2012
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Dilipp S Nag
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