Young urban grooms in India are more and more opting for platinum jewellery, such as chains, bracelets, and earrings, as a substitute for gold amid rising gold prices. Platinum is at present buying and selling round ₹25,000 per 10 grams, in comparability with gold prices exceeding ₹61,000 per 10 grams. The trend is offering some reduction to the bride’s household, which historically gifts jewellery to the groom during weddings. This global gemstone trading centre is expected to deal with 1,500-2,000 units – colored gemstone and jewellery items, labs, banks, insurance, logistics, and safety service providers amongst others.
Q1 consolidated net revenue of Kalyan Jewellers rose to Rs a hundred and forty four crore in opposition to a net profit of Rs 108 crore within the corresponding quarter final year. Consolidated income from operations jumped 35.7% to Rs 4376 crore in Q1 towards Rs 3333 crore within the corresponding period of …