India’s gold consumption in 2025 is projected to be between 700 and 800 metric tons, down from last year’s 802.8 tons. Rising gold prices are affecting jewellery demand but are increasing investment demand. Domestic gold prices have reached a record high of 84,399 rupees per 10 grams. Jewellery demand makes up 70 per cent of India’s total gold demand.

Luxury shopping in India is booming beyond major cities due to the growth of e-commerce, reaching small towns like Botad and Asansol. This shift is driven by ‘Henry’ consumers and new luxury customers who are more informed and research-driven. Online platforms like Tata Cliq Luxury are experiencing significant sales from these non-metro areas.

PC Jeweller reported a significant profit in the third quarter, buoyed by demand during the festival and wedding season. The company reversed its previous year’s loss, with consolidated net profits reaching 1.48 billion rupees. Revenue from operations surged nearly sixteen-fold, driven by higher gold prices and increased demand for lighter jewellery.

Morarjee Textiles, part of the Ashok Piramal Group, has received three takeover bids due to its ₹760 crore debt, headed by Indian Bank. The highest bid of ₹170 crore came from Nirmal Ujjwal Credit Co-operative Society. Due diligence is ongoing to ensure compliance with insolvency regulations.

Titan’s jewellery business grew by 26.62% in the December quarter despite a slight decline in net profit to Rs 1,047 crore. The company also saw strong performance in its watches and eyecare segments. Total expenses rose significantly, yet overall sales increased by 25.68%.

Shein India app, launched by Reliance Retail’s subsidiary Nextgen Fast Fashion, partners with Indian MSMEs to manufacture and sell products locally and globally. The platform, developed and hosted in India, ensures data localization and offers no access to Shein. This initiative aims to boost Indian MSME exports and create local jobs.

​After Diwali, weddings followed by Eid are the principal occasions for the garment sector that witnesses a substantial surge in business, but lacklustre enquiries for Eid this season have resulted in diminished production at most homegrown units.

The new venture, named Coluxe, has secured early-stage funding from investors and plans to launch digitally in mid-2025, with retail expansion to follow, according to a statement released on Tuesday. Adopting an omnichannel strategy, Coluxe will feature contemporary jewellery collections, such as solitaire rings, pendants, earrings, tennis bracelets, and necklaces, as well as themed collections focused on zodiac signs and gifting.

Canada and the US have agreed to delay tariffs on imported goods, with Canada reinforcing its border through a $1.3 billion plan, appointing a Fentanyl Czar, and launching a joint strike force.
The NCTO and US Chamber of Commerce welcomed the pause on 25 per cent tariffs, urging a permanent resolution.
The 30-day delay aims to address border security, organised crime, and trade stability.

The US has imposed a 25 per cent tariff on Canadian apparel, impacting exports of wool suits, jackets, and outerwear.
Canada holds a niche in premium wool garments but faces growing competition from Vietnam, Bangladesh, and China.
Italy, India, and China stand to gain from Canada’s reduced US market share.
The shift in trade policies may reshape sourcing strategies and global apparel trade.