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India’s gold imports to decline  85%

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India’s gold imports are set to decline  85% in February from year ago levels to their lowest in 20 years, with demand sapped by record prices for the precious metal. Lower gold imports could help India narrow its trade deficit and support the rupee that is trading near record low against the dollar. India is the world’s second biggest consumer of the precious metal.

Spot gold prices hit a record high of $2,956.15 per troy ounce on Feb 24.India’s gold imports in February are likely to fall to around 15 metric tons, the lowest for the month in at least two decades, from 103 tons in February, 2024,

Some banks have reportedly even moved imported gold stored in customs-free zones in India to the US, where prices are offering a premium.

The sharp import decline comes despite India’s ongoing wedding season, traditionally a period of high gold demand. Weddings are a major driver of gold purchases in India, where jewellery plays a crucial role in bridal attire and gifting customs.

While gold demand remains under pressure, industry experts believe any significant price correction could reignite buying interest in the coming months.

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iAMORY Goes Mobile: D2C Jeweler Debuts App to Disrupt India’s ‘Counter-Led’ Retail

By bridging the trust gap with lab-grown diamonds and 925 silver, the new iOS and Android platform aims to become a “digital counter” for the modern consumer.

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Following a successful physical debut in Mumbai, jewelry brand iAMORY has officially launched its mobile application on Android and iOS. The move signals a strategic shift to scale its direct-to-consumer (D2C) presence, targeting the rapidly evolving digital habits of Indian shoppers.

The app launch is designed to solve the “discovery fatigue” and lack of transparency often associated with traditional jewelry buying. By focusing on the 925 sterling silver and lab-grown diamond (LGD) segments, iAMORY is positioning itself at the intersection of affordability and fine jewelry.

A “Digital Counter” Experience The platform introduces several features aimed at building consumer confidence in high-value online purchases:

  • Total Transparency: Real-time access to metal purity details, diamond certifications, and clear pricing breakdowns.
  • Mobile-First Design: A seamless interface featuring AI-driven notifications, wishlists, and secure “one-tap” checkouts.
  • Exclusive Access: App users will receive priority access to limited product drops and specialized discounts not available on the web or in-store.
Archit Jain,

Archit Jain of iAMORY noted that the power dynamic in the industry is shifting. “Digital adoption is democratizing jewelry,” Jain stated. “It is shifting power from family-led counters to digital-first, design-led brands that prioritize transparency, speed, and storytelling.” He describes the app as a “digital counter” where users can instantly compare prices and access social proof.

iAMORY plans to continuously iterate on the app experience, with upcoming updates slated to include advanced personalization tools, AI-driven loyalty mechanisms, and interactive content formats to deepen customer engagement.

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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.

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