Fashion / Cosmetics / Jewellery
Kalyan Jewellers eyeing expansion through franchise model to reduce debt
Kalyan Jewellers is set to expand significantly. The jewellery retailer will launch 170 new stores via franchises. This growth targets both Indian and international markets. The company aims to reduce its debt through this expansion. Focus will be on non-south Indian regions. Kalyan also plans to strengthen its manufacturing capabilities. They are optimistic about market share growth and revenue.
Mundu, not so mundane: The unstitched revolution that's wrapping up Indian fashion
A quiet menswear rebellion is unfolding one wrap at a time. From Kerala mundus to Bengal dhotis, the unstitched drape is shedding its outdated image and stepping into the spotlight with comfort, style and cultural swagger.
Kothari Industrial Corporation acquires Zodiz, Jeetlo to strengthen mass footwear presence
KICL, a D C Kothari Group company, is set to acquire footwear brands Zodiz and Jeetlo, effective August 4, 2025, to bolster its presence in the mass-market segment. This acquisition will provide KICL with a stronger foothold in underserved consumer segments, focusing on products priced under Rs 1,000, catering to a value-driven market.
Over one lakh jobs in India's jewellery industry at risk due to fresh US tariffs
The US decision to impose a 25% tariff on Indian imports from August 1 is expected to significantly hit India’s gem and jewellery exports, valued at USD 9.9 billion last year. Industry leaders warn over one lakh jobs may be affected. While alternative markets exist, exporters hope the upcoming India-US trade talks may bring relief amid ongoing global trade uncertainties.
Gold demand soars to 1,249 tonnes in Q2 2025 amid geopolitical uncertainty
Gold demand surged 3% globally in Q2 2025, driven by strong investment flows amid geopolitical uncertainty and price momentum. Gold ETFs saw significant inflows, particularly from Asian funds, reaching a first-half record. Bar and coin investment also rose, led by Chinese investors. Central banks continued buying gold, while jewellery demand declined.
India's gold demand to hit 5-year low as record prices dent jewellery sales: World Gold Council
India's gold consumption is projected to decline to a five-year low in 2025, influenced by record-high prices that are diminishing jewellery demand. While investment demand is experiencing a slight increase, it's not enough to offset the overall decrease. The World Gold Council anticipates demand to range between 600 and 700 metric tons, a drop from the 802.
Trump's 25% tariff may put pressure on India’s gem and jewellery exports
India's gem and jewellery exports face a significant blow as the US imposes a 25% tariff with additional penalties starting August 1. The industry anticipates reduced orders, increased prices, and squeezed profit margins due to tough negotiations from US buyers.
Kriti Sanon’s skincare brand Hyphen reports ₹400 crore in sales
Kriti Sanon's skincare brand, Hyphen, has achieved ₹400 crore in gross sales within two years, marking a significant success in India's beauty market. The D2C brand, co-founded by Sanon and a team of engineers, has rapidly expanded its customer base to 4 million, with a high repeat purchase rate of 60%.
Changing shopper habits hurt growth: Decathlon
The company said that its target to scale local sourcing from India to $3 billion by 2030 will be accelerated once a free trade agreement (FTA) on the line of India-UK is finalised with the European Union (EU).
Income Tax Department begins crackdown as jewellers strike gold with accounting trick
Amid rising gold prices, some jewellers are under scrutiny for potentially manipulating accounting methods to reduce profits and tax liabilities. The Income Tax Department is investigating firms suspected of switching to the LIFO inventory valuation method, which is disallowed, to lower closing stock values and, consequently, taxable income.
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What is 9K gold that is now selling? Check price difference and other details
Tanishq's Mia has introduced 9K gold jewellery in select markets and plans Swiggy Instamart expansion, aiming for affordability amid rising gold prices. CEO Ajoy Chawla cites encouraging early responses to lighter price points. This move follows the government's 9K gold hallmarking approval, expected to revive lightweight jewellery demand.
Kolhapuri chappals blend heritage and tech as govt pushes for authenticity with QR certification
Kolhapuri chappals, a traditional Indian craft, are experiencing a resurgence in popularity, both domestically and internationally, especially after Prada was accused of appropriation. To combat counterfeiting and highlight artisan identity, QR codes have been introduced. LIDCOM empowers artisans through training and market development, preserving this cultural legacy and promoting self-reliance.
Jewellers set to strike gold with UK trade deal
The India-UK Comprehensive Economic and Trade Agreement (CETA) is poised to significantly boost India's gold and diamond jewellery exports by granting zero-duty access to the UK market, leveling the playing field against local competitors. Government forecasts predict a doubling of jewellery exports within 2-3 years, driven by demand from both the South Asian community and British consumers.
India-UK CETA to boost Indian gold and diamond jewellery sale
The India-UK Comprehensive Economic and Trade Agreement (CETA) is poised to significantly boost Indian jewellery exports, potentially doubling them in 2-3 years. Reduced import duties in the UK will allow Indian jewellers to better compete. The agreement will also facilitate increased imports of gold, silver, and platinum bars from the UK, benefiting from London Bullion Market Association certification.
Prada 'Kolhapuri sandals' scandal proves the power of India’s troll army
Prada faced online backlash for its sandals resembling India's Kolhapuri, sparking cultural appropriation accusations. This incident highlights the power of India's digital community and the importance of cultural sensitivity for international brands entering the growing Indian luxury market. Prada is now collaborating with artisans to understand Kolhapuri's history, recognizing cultural fluency as crucial for business survival.
