​Some of them have kind of changed strategically, they have moved omni channel, they moved from online to offline, they have done those kind of things, those kind of innovations. But even after that, I think Trent, Zudio as a story is very much here to stay.

India’s gems and jewellery exports saw a 10.29 per cent decline in December 2024 compared to the previous year due to economic uncertainties and a shift towards gold as a safe-haven investment. The export of Cut & Polished diamonds and gold jewellery also declined, though a ceasefire between Israel and Hamas may boost trade activities soon.

Union Budget 2025: Reduction in import duties last year greatly improved the demand for precious metals and fine jewellery. The growth was further complemented by government initiatives and an increased confidence in gold as an investment. Loans against gold jewellery saw a significant rise and recent listings of jewellery companies performed exceptionally well. Indian jewellery exports also increased with the rupee’s depreciation.

India’s apparel exports surged by 11.6 per cent to USD 11.31 billion during April-December of this fiscal year due to robust growth in markets including the US, UK, and Germany, as reported by AEPC. The positive trend signifies a strategic moment for India to enhance its global market presence and attract foreign investment.

Gold markets experience an uptick post-Kharmash period, driven by increased consumer demand amid rising international prices and speculation of a potential import duty hike in the upcoming union budget. Traders report significant sales growth in Mumbai’s Zaveri Bazar and Kolkata’s Senco Gold & Diamonds.

Li Ning Company Limited has been named the official sportswear partner for China’s Olympic delegation from 2025 to 2028.
After serving in this role from 1992 to 2004, Li Ning reaffirms its commitment to supporting Chinese athletes and promoting sportsmanship.
Founder Li Ning expressed honour and dedication to inspiring active lifestyles and fostering Olympic pride.

Sosandar plc has reported £12.2 million (~$14.8 million) revenue in Q3 FY25, a 50 per cent rise from prior quarters, with gross margin improving to 64.7 per cent.
Strong sales in knitwear, denim, and partywear boosted growth.
Four active stores performed well, with increased footfall and online traffic.
The company forecasts £40.5 million revenue and £1.0 million (~$1.21 million) PBT for FY25.

On Thursday, Kalyan Jewellers’ shares fell 6.7 per cent to Rs 518.40 on the BSE, after an 8 per cent drop on Wednesday, which included hitting a 10 per cent lower circuit. This marked the ninth decline in the last 10 trading sessions, with the stock gaining only once during that period.

India’s retail market saw slower demand post-Diwali due to persistent inflation despite a festive boost, affecting retail giants like Shoppers Stop. Although premium segments showed growth, overall consumer sentiment remained subdued. Industry experts predict recovery by FY26 with improved income levels and controlled store expansions.

Organized jewellers in India are poised for significant revenue growth by FY26, driven by steady demand, strategic expansion, and market share gains. The sector is expected to capture 50% of the market by FY29, with improved credit metrics and robust growth in tier-2 and tier-3 cities.