Connect with us

National News

Jewellery Stocks Rebound as Expansion Strategies and High Prices Boost Confidence

Despite Concerns Over Rising Gold Prices, Retailers Remain Optimistic, with Major Players Gaining 2-20% in a Week

Published

on

Jewellery stocks have made a strong comeback in the past week after a challenging three-month period marked by concerns over rising gold prices and their potential impact on demand. While higher gold prices have weighed on volume growth, jewellery companies are staying optimistic, anticipating continued top-line growth in the March quarter, driven by expansion plans and higher average transaction values.

Stocks of listed jewellery companies such as Titan Company, Kalyan Jewellers, PN Gadgil Jewellers, Thangamayil Jewellery, and Senco Gold have gained between 2% and 20% in the last week, recovering from the 4% to 40% drop seen over the past three months. Although fluctuating gold prices remain a challenge, their dual effect on revenues and affordability continues to be a major consideration for retailers. While higher gold prices boost revenue, they also reduce customer purchasing power, leading to slower volume growth. Seasonal factors, such as weddings and festivals, also play a key role in shaping demand.

Despite short-term pressures, jewellery retailers are doubling down on their expansion strategies. Kalyan Jewellers, for instance, plans to open 170 new stores in FY26, with 45 of them expected to be launched by the end of the March 2025 quarter. Titan Company added 46 new stores in the December quarter, bringing their total store count to 1,055. PN Gadgil Jewellers is also targeting 25 new stores in FY26, including 10 under its new format, LiteStyle by PNG, designed to appeal to younger customers with modern designs.

These expansion efforts signal the sector’s confidence in long-term demand for jewellery, despite the challenges posed by fluctuating gold prices.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

National News

Abaran Timeless Jewellery Champions Heritage Conservation To Safeguard Traditional Craftsmanship

Support For Hastashilpa Heritage Village Reflects A Commitment To Preserving India’s Architectural and Artisanal Legacy For Future Generations.

Published

on

As India’s historic buildings continue to face mounting pressure from urbanisation, redevelopment, and changing lifestyles, concerns are growing not only about the loss of architectural landmarks but also the disappearance of the traditional skills and craftsmanship that created them. Recognising this challenge, Abaran Timeless Jewellery has extended its support to Hastashilpa Heritage Village, reinforcing the importance of preserving cultural heritage and artisanal knowledge.

Through the Abaran Foundation, the philanthropic arm of the Bengaluru-based jewellery house, the company supports a range of initiatives spanning education, healthcare, community welfare, arts, and heritage conservation. Its association with Hastashilpa Heritage Village reflects a deeper commitment to protecting India’s rich cultural legacy beyond the jewellery industry.

Located in Manipal, Hastashilpa Heritage Village is regarded as one of India’s most significant heritage conservation projects. Founded by conservationist Vijaynath Shenoy, the village has successfully rescued and reconstructed traditional homes from across coastal Karnataka, preserving architectural styles and craftsmanship that may otherwise have been lost to neglect or redevelopment.

The conservation process shares many similarities with the art of jewellery making. Every carved beam, decorative element, and handcrafted detail requires meticulous documentation, restoration, and respect for traditional techniques. Much like restoring an heirloom jewel, preserving heritage architecture demands both technical expertise and cultural sensitivity.

For Pratap Kamath, Managing Director of Abaran Timeless Jewellery, the initiative holds personal significance. He noted that the heritage village is located in Udupi, where Abaran was originally founded by his grandfather, Sri Sadanand Kamath. According to Pratap Kamath, the company was inspired by the efforts to preserve heritage homes that might otherwise have vanished as younger generations moved away in search of new opportunities.

His observations reflect a wider concern within the luxury and craft sectors. Whether restoring a centuries-old structure or creating a handcrafted jewel, both disciplines depend on knowledge and expertise that cannot be easily replicated through mass production. Once lost, such skills are extremely difficult to recover.

At the same time, consumers are increasingly drawn to brands that demonstrate authenticity, cultural relevance, and a commitment to preserving heritage. As a result, heritage conservation is evolving from a philanthropic activity into an important reflection of a brand’s values and identity.

Initiatives such as Hastashilpa Heritage Village serve as an important reminder that heritage extends beyond products—it also includes the ecosystems of craft, culture, knowledge, and tradition that make those creations possible.

As India’s architectural treasures and jewellery traditions navigate similar challenges, efforts to preserve one may ultimately help protect the other, ensuring that valuable skills and cultural legacies continue to inspire future generations.

Continue Reading

Trending

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.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x