Apparels

Union Minister Pralhad Joshi asks BIS to weigh mandatory hallmarking of silver jewellery

Consumers are urging that the Bureau of Indian Standards (BIS) make hallmarking for silver jewellery mandatory, stated Minister Pralhad Joshi on the 78th BIS foundation day. Currently, hallmarking is only compulsory for gold jewellery. Since mandatory hallmarking began in June 2021, over 442.8 million gold items have been marked officially.

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Titan estimates 24% rise in Q3 revenue on booming jewellery demand

Titan Company anticipates a 24 per cent increase in third-quarter revenue driven by festive demand for jewellery in India. The jewellery segment saw high single-digit percentage buyer growth, with Tanishq and CaratLane brands contributing to the 26 per cent year-on-year increase. Additionally, Titan’s watches and wearables segment registered a 15 per cent revenue growth.

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Italian footwear exports down 9.2% YoY in Jan-Sept 2024

Italy’s footwear sector saw a drop in main indicators in the first nine months of 2024.
Exports fell by 9.2 per cent YoY in value, with a sharp order reduction.
The Istat index of industrial production fell by 8.9 per cent YoY and turnover dropped by 9.7 per cent YoY.
Exports to the EU fell by 2.6 per cent YoY, while exports to France dropped by 2 per cent YoY and to Germany by 6.2 per cent YoY.

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US’ Jordan brand unveils Zion 4 built for strength & speed

The Jordan Zion 4 combines strength and speed with a Cushlon 3.0 midsole and Air Zoom strobel for responsive cushioning and plush landings.
Its computational outsole enhances durability and traction, while new styles, like Damascus Steel, honour Zion Williamson’s journey.
Built for dynamic play, it offers improved fit and performance for a range of athletes.

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Bangladesh’s RMG exports surge 13% to $19.8 bn in Jul-Dec 2024

From July to December 2024, Bangladesh’s ready-made garment exports rose by 13.28 per cent to $19.887 billion.
Growth was led by woven and knitwear garments, with notable increases in home textile and cotton product exports.
This growth marked an improvement from the previous fiscal year’s performance, despite a downward revision in historical export data by Bangladesh’s new regime.

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India International Jewellery Show Signature will generate Rs 30,000-35,000 cr business this year: GJEPC chairman

IIJS Signature 2025 is expected to generate Rs 30,000-35,000 crore, says GJEPC Chairman Vipul Shah. The show, with 3,400 stalls and 1,700 exhibitors, will run at two venues in Mumbai, attracting international buyers from 60 countries. Shah highlighted the positive impact of recent government policies on the gem and jewellery sector.

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