Jewellery exchange now features in over 50% of store purchases; Tanishq expects festive momentum to sustain

The startup attributes its growth to a mix of e-commerce and quick-commerce channels. Its flagship fragrance, Old Money, sells around 4,000–5,000 bottles daily and ranks among the leading sellers in its category on Blinkit and second on Amazon, the company said. It is also expanding sales through Zepto, Flipkart, Myntra and Meesho.

Soaring gold prices are prompting Indians to exchange old jewellery for new designs this festive season rather than cut back on purchases. Old-gold exchanges now account for over 50 per cent of transactions at Tanishq, more than 55 per cent of sales at Kalyan Jewellers and 73% at Joyalukkas in August.

In early Asian trading, gold prices held steady as investors awaited crucial US consumer price data, which could affect future Federal Reserve decisions. New York Fed President John Williams spoke about the need for potential interest rate increases to combat inflation. Additionally, Fed Governor Christopher Waller noted that robust economic growth could influence US bond yields, with other precious metals experiencing slight downturns amid the evolving market conditions.

Mafatlal Home Fashion will operate alongside the company’s existing presence on Amazon, Flipkart, Myntra and Meesho. Through its own platform, the company aims to gather direct insights into consumer preferences and purchasing behaviour to inform product development, design and customer engagement.

In her new role, Singh will contribute to the brand’s product development and positioning, drawing on her interest in fashion and global trends to inform designs for Indian consumers. The collaboration will combine her creative inputs with Jain’s product-led approach as the company develops its footwear portfolio.

Bangladesh has reached broad policy alignment with the World Bank and IMF on economic reforms to restore financial stability, boost tax revenue, expand social protection and create jobs, Adviser Rashed Al Mahmud Titumir said.
The government also plans to reopen closed factories, attract investment, strengthen energy security and expand trade ties with Thailand.

The initial retail rollout will cover Dayal Opticals outlets at Khan Market, Select Citywalk and DLF Galleria in Delhi NCR, Kala Ghoda in Mumbai, and Sector 8 Market in Chandigarh. The collection will also be available at Brooke & Carter outlets at The Chanakya and DLF Emporio.

With gold jewellery turning increasingly pricier, consumers are looking at diamond-studded pieces in the Rs 10,000-Rs 1 lakh price bracket. Jewellers are using 18-carat, 14-carat and 9-carat gold to make diamond jewellery more accessible, allowing shoppers to buy lighter pieces without compromising on design.

US apparel CPI rose 0.1 per cent month on month in August after two declines and was 3.7 per cent higher year on year, with recent CPI levels the highest since 1999, Cotton Incorporated said.
Cotton-dominant apparel import costs rose to $3.77 per square metre equivalent, excluding tariffs.
Real apparel spending grew 1.3 per cent month on month and 3.9 per cent year on year.