Gold jewellery demand in India is expected to pick up this month ahead of the Akshaya Tritya Hindu festival, an expert has forecast.

Sandeep Kulhalli, Tanishq vice-president of retail and marketing, told DNA India that gold sales are expected to increase before the event on April 27th 2009.

Meanwhile, Rajiv Popley, director of the Popley Group, has stated that it plans to promote its Swiss gold bars during Akshaya Tritiya this year.

The bars have a purity of 99.99 per cent and start from one gram each with a certificate and tamperproof packaging.

In related news, India will start to import gold again this month following a two-month freeze, with many people expected to purchase gold to mark Akshaya Trithya, according to the Bombay Bullion Association.

The organisation predicts that between 25 and 30 metric tonnes of the precious metal will be imported during April 2009 as a result of recent dips in gold prices.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Read more….

Jamaican jewellery retailer Jewels and Time has unveiled its new John Hardy gold range in Montego Bay.

The new collection is inspired by traditional Indonesian metalwork techniques and handcrafted Balinesian designs, according to the Jamaica Gleaner.

Launched at Shoppes at Rose Hall, the new range features a series of unique designs and John Hardy has been providing jewellery to Jewels and Time since 1997.

Prem Mahtani, a director of the firm, stated: “Hardy’s natural world designs, traditional metalworking techniques and environmental conservancy programmes make the jewelery uniquely attractive.”

Jewels and Time now stocks the largest collection of John Hardy pieces in the Caribbean, including items from the new Naga Dragon collection in 18-c gold, inspired by “the dragon’s coat of mail”.

John Hardy, who is of French-Italian parentage, learnt traditional Balinese jewelery techniques from a master artisan whose ancestors worked for the royal court of Bali and now has a workshop and design studio on the island.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Read more….

Total gems and jewelery exports from India rose to $15.09 billion (£10.11 billion) during the first nine months of the financial year from April 1st, according to new figures.

Data from the Gem and Jewelery Export Promotion Council (GJEPC) showed that total gem and jewelery exports increased slightly from $14.99 billion for the same period of the previous year.

Indian gold jewelery exports for the fiscal year to March 2008 increased by eight per cent to $5.6 billion, with around half transported to the US.

The GJEPC has predicted that demand for gold jewelery will receive a boost during Valentine’s Day and the Chinese New Year this year, despite the current economic slowdown.

Meanwhile, Prerna – Inspired by Jewellery has announced the launch of its Traditional Indian Collection featuring a range of gold bracelets, earrings, pendants and necklaces made by artisans in the country.

The range will be available from stores during 2009 and is heavily influenced by Indian history, Bollywood cinema and fashion.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Read more….