National News
Gold imports up 40.79 pc to USD 2.68 bn in Jan
The country’s gold imports in January rose by 40.79 per cent to USD 2.68 billion on account of increasing domestic demands, according to commerce ministry data.Gold imports stood at USD 1.9 billion in January 2024.Cumulatively, imports during April-January this fiscal year rose 32 per cent to USD 50 billion against USD 37.85 billion in the same period last fiscal year.
The increase in imports also indicates strong investor confidence in the precious metal as a safe asset. The other reasons include asset diversification towards gold due to global uncertainties, increasing demand from banks, and cut in customs duties.Prices of the yellow metal have increased 11 per cent so far this year to ₹88,200 per 10 gram in the national capital.
National News
Kalyan Jewellers Invests Rs 350 Crore In Its Wholly Owned Subsidiary Candere
The Company Said The Capital Infusion Is Entirely For Repayment Of The Loan Extended By Kalyan Jewellers To Candere. The Investment Will Also Enable Candere To Repay Or Prepay Certain Outstanding Borrowings.
Jewellery retailer Kalyan Jewellers India Ltd said it has invested Rs 350 crore in its wholly owned subsidiary Candere Lifestyle Jewellery Pvt Ltd through subscription to 17.5 lakh equity shares on a rights issue basis.
Kalyan Jewellers subscribed to 17,50,000 equity shares with a face value of Rs 10 each at a premium of Rs 2,000 per share, taking the total investment to Rs 350 crore. The allotment of the shares was completed on September 19, 2026.
The company said the capital infusion is entirely for repayment of the loan extended by Kalyan Jewellers to Candere. The investment will also enable Candere to repay or prepay certain outstanding borrowings. There will be no change in Kalyan Jewellers’ shareholding in Candere, which will continue to be a 100% wholly owned subsidiary.
Kalyan Jewellers Invests Rs 350 Crore In Its Wholly Owned Subsidiary Candere
De Beers Group 2025 Sustainability Report : Highlights Progress Across Its “Building Forever” Sustainability Framework
MCX Gold Futures Open Marginally Lower, Silver Prices Move Higher
SCS Global Ending “Sustainably Rated” Certificates For Diamonds, Gems
Botswana Says Stable Relationship With De Beers Vital to Diamond Recovery
The Natural Diamond Council Relaunches As The Diamond Collective, A New Strategy To Reignite Desire For Natural Diamonds
-
DiamondBuzz1 day agoSCS Global Ending “Sustainably Rated” Certificates For Diamonds, Gems
-
DiamondBuzz2 days agoBotswana Says Stable Relationship With De Beers Vital to Diamond Recovery
-
International News52 minutes agoThe Natural Diamond Council Relaunches As The Diamond Collective, A New Strategy To Reignite Desire For Natural Diamonds
-
JB Insights2 days agoThe New Jewellery Shopper: Why Trust Is Becoming The New Retail Currency
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.