Natural diamond prices have fallen 20-30 per cent from post-pandemic highs: Paul Rowley, De Beers

Natural diamond prices have stabilised after a significant correction, with larger stones seeing price increases. De Beers is now focusing on India as a key growth engine for future expansion. India’s natural diamond market is projected to grow substantially, driven by younger consumers.

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Skechers is now the second-largest footwear brand in US

Skechers is now the second-largest footwear brand by units sold in the US, driven by affordable comfort, work, kids’ and performance styles.
The gain raises competition across US casual, fashion and sport footwear ranges, supported by comfort technologies and athlete-led visibility.
The brand sells through 700-plus US stores, its web shop and retail partners, relevant to footwear sourcing teams.

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US’ Somnigroup completes $2.3 bn Leggett & Platt combination

Somnigroup has completed its all-stock combination with Leggett & Platt, valued at $2.3 billion including debt.
The merged bedding and engineered components group operates over 170 plants in 37 countries, backed by more than 36,000 staff.
The deal deepens Somnigroup’s vertical integration, secures a critical supply-chain element and lifts annual run-rate synergy expectations to $75 million.

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Deepa Jewellers sets IPO price band at Rs 168-177; Rs 460 crore issue opens Sept 1

Deepa Jewellers has set the price band for its Rs 459.72 crore IPO at Rs 168–177 per share. The issue will open for subscription on September 1 and close on September 3, with listing scheduled for September 8. The offer comprises a Rs 250 crore fresh issue and an OFS of 1.18 crore shares. The IPO’s P/E remains below industry peers.

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Belgium’s Van de Velde posts H1 revenue growth on D2C strength

Belgian lingerie group Van de Velde reported H1 2026 comparable revenue of €116.6 million (~$136.07 million), up 4.0 per cent YoY.
Reported revenue rose 5.2 per cent to €115.7 million (~$135.02 million), while net profit increased to €16.1 million (~$18.79 million).
D2C revenue surged 15.2 per cent to €34.2 million (~$39.91 million), supported by product innovation and digital expansion.

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The business shift in India’s ₹7 lakh crore market amid gold cost pressure

Indian jewellery sales show resilience despite lower gold volumes. Consumers now buy lighter pieces and focus on value per gram. Organised jewellers are expanding by offering diamonds and newer designs. Recycled gold is becoming a significant growth driver for retailers. The market is shifting towards branded retail and experience-driven environments.

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The business shift in India’s Rs 7 lakh crore market amid gold cost pressure

Indian jewellery sales show resilience despite lower gold volumes. Consumers now buy lighter pieces and focus on value per gram. Organised jewellers are expanding by offering diamonds and newer designs. Recycled gold is becoming a significant growth driver for retailers. The market is shifting towards branded retail and experience-driven environments.

Read More »

Global trade shake-up reaches fashion as Zara supplier Pearl Global eyes Africa market

Pearl Global eyes North Africa and Jordan for manufacturing expansion. This move aims to serve European customers and diversify production bases. The company is reducing its reliance on the United States market. Other Indian garment exporters are also increasing African production. Pearl Global anticipates significant revenue growth in the coming years.

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New Zealand apparel imports up in July, but cumulative down

New Zealand’s apparel imports rose 0.8 per cent year on year to NZ$174.01 million (~$102 million) in July 2026, Stats NZ data show.
January–July imports fell 1.6 per cent to NZ$1.197 billion; knitted apparel declined 1 per cent and non-knitted 2.4 per cent.
Apparel exports fell 19.3 per cent in July but rose 1.1 per cent in January–July; knitted fabric imports rose 21.6 per cent cumulatively.

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Indians part with old jewellery to cash in on soaring gold prices

Household gold sales are surging as prices reach record highs this month. Consumers are liquidating gold to meet rising living costs and secure gains. Major jewelers like Kalyan Jewellers and Tanishq now offer expanded cash-for-gold services. This trend brings a traditional service into the organized retail sector for sourcing recycled gold. Consumers are increasingly using household gold for other purchases due to inflation.

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