Apparels

Lab-grown diamonds are losing their shine. Oversupply has caused prices to crash, impacting consumer trust. Experts believe the lab-grown bubble has burst. Consumers are returning to natural diamonds. Diamond-producing nations are pooling resources for a collective marketing fund to promote natural stones.

Adidas brand showed strong performance in Q3 with a 12 per cent currency-neutral revenue growth, reaching record quarterly revenue of €6.63 billion (~$7.69 billion).
The brand’s growth was broad-based across markets, product divisions, and channels, driving improved profitability and a raised full-year operating profit outlook of around €2.0 billion (~$2.32 billion).

Hop Lun has signed definitive agreements to acquire Morocco-based Tobago and Chantelle Group’s Famaco and Atma facilities, adding about 800 employees and a combined output of 2.4 million pieces annually.
The acquisitions, expected to close in Q4 2025, will create a new manufacturing platform in Morocco and mark Hop Lun’s fourth and fifth deals since Platinum Equity’s 2022 takeover.

Lifestyle India is targeting sustained double-digit growth by expanding into tier-II cities, accelerating its digital channel to reach 10% of sales, and increasing domestic sourcing. The retailer is also focusing on its fashion core, with a revamped store format and resilient demand in premium segments, expecting continued strong performance over the next three years.

On Thursday, gold prices slipped slightly, influenced by a strengthening dollar that has made the precious metal less appealing. Investors are looking closely to the upcoming U.S. inflation statistics, which promise to shed light on potential shifts in interest rates. Despite the dip, there were glimmers of hope in gold futures, suggesting a possible rally ahead.

India is emerging as a significant player in the global luxury goods market, projected to reach $12.1 billion this year with a remarkable 74% CAGR. This growth is driven by an increasing number of wealthy individuals and a shift towards experience-driven engagement, with premium cars and experiential luxury leading the way.

A Belgian court has cleared the extradition of Mehul Choksi to India. The court found no serious risk of torture or unfair treatment for the fugitive diamantaire. Choksi’s claims of political persecution and past mistreatment were dismissed. This ruling is a significant win for India’s efforts to bring Choksi to justice for a massive bank fraud.

Indonesia’s apparel exports reached $5.02 billion in Jan–Jul, rising 8.23 per cent year-on-year, with North America driving growth at 11.39 per cent.
Exports to the US and Canada totalled $3.03 billion, or 60.4 per cent of the total, supported by improved consumer sentiment and restocking trends.
Despite gains, exports to other regions remain limited due to high logistics costs and fewer trade pacts.

Stylox Fashion, a denim and casualwear brand, has secured Rs 3 crore from the Fashion Entrepreneur Fund after its appearance on ‘Pitch To Get Rich’. This investment will fuel the brand’s expansion, aiming to double revenue and increase its store count to 100 by year-end. The funding also bolsters their direct-to-consumer strategy across major online platforms and their own website.

Italian fashion giant OVS has launched its first Indian store in Delhi, aiming to compete with global brands by offering high-quality, sustainable Italian style at accessible prices. The company is investing directly in the Indian market, maintaining price parity with Italy and planning a measured expansion with a focus on physical retail before introducing e-commerce.