The Rs 3,200 crore deal marks a significant leadership reset at VIP Industries, bringing an end to the decades-long involvement of the Piramal family with the company. Dilip Piramal took over VIP Industries in 1980. The incoming promoters are expected to bring in fresh leadership, strategy, and governance focus at a time when VIP has been facing competitive and operational headwinds.

Gold sales in India witnessed a sharp decline in June. The drop is attributed to high and fluctuating gold prices. India Bullion & Jewellers Association reports a 60% decrease. Jewellers are now promoting 14-karat gold. This is due to its affordability. There are ongoing discussions for hallmarking 9-karat gold. The Bureau of Indian Standards is working on the hallmarking model.

UK clothing exports declined by 12.13 per cent YoY to £239 million in May 2025 due to weak European demand, though they rose 3.91 per cent month on month.
Textile fabric exports grew modestly, while fibre exports dipped slightly.
In Q1 2025, all three segments saw declines compared to Q1 2024.
For full-year 2024, clothing exports fell nearly 12 per cent, continuing a multi-year downward trend.

The Gem & Jewellery Export Promotion Council (GJEPC) is launching SAJEX, a B2B jewellery trade show in Jeddah, Saudi Arabia, scheduled for September 2025. This initiative, backed by the Indian government, aims to boost India’s jewellery exports to the region, capitalizing on Saudi Arabia’s growing jewellery market, projected to reach USD 8.34 billion by 2030.

The UK has unveiled a reforms package to simplify imports from developing nations.
New measures include simplifying rules of origin, enabling more goods from countries like Sri Lanka, Nigeria and the Philippines to enter the UK tariff-free, even when using components from across Asia and Africa.
For Sri Lanka, the rules of origin for the garments sector specifically will be liberalised.

Shares of PC Jeweller experienced a dip of 3.5%, bringing the price to Rs 16.76. Market capitalisation decreased to approximately Rs 10,968 crore. Despite this, the stock has seen a 35% rally in the past month. Technical analysis shows the stock is trading above most key Simple Moving Averages.

Bangladesh has proposed an export target of $65 billion for FY26—$56.5 billion from goods and $8.5 billion from services.
The RMG sector is expected to fetch $44.49 billion from exports—up by 13.07 per cent YoY.
The knitwear sub-sector is projected to earn $23.7 billion—a 12.01-per cent YoY growth, while woven garments are expected to generate $20.79 billion, growing by 14.31 per cent YoY.

A consortium led by Multiples Alternate Asset Management and Samvibhag Securities is set to acquire a 32% stake in VIP Industries from the Piramal family. The deal includes Mithun Sacheti, founder of CaratLane, and will trigger an open offer for an additional 26% stake.

Taiwanese and Vietnamese companies are eager to invest in India’s non-leather footwear sector, requiring government support for smooth imports. The Council for Leather Exports aims for USD 7 billion in exports by 2026, with the US as a top destination.

UK clothing imports rose 15.26 per cent year-on-year (YoY) to £1.435 billion (~$1.938 billion) in May and increased 7.89 per cent from April.
Textile fabric imports also grew, while fibre imports declined slightly.
Q1 2025 clothing imports were up 10.28 per cent YoY but down from Q4 2024.
For full-year 2024, clothing, fabric, and fibre imports all declined, continuing the downward trend seen since 2022.