Jewellery shops – Pandora Jewellery Sale http://pandorajewellerysale.com/ Fri, 14 Jan 2022 12:07:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.2 https://pandorajewellerysale.com/wp-content/uploads/2021/12/icon-74.png Jewellery shops – Pandora Jewellery Sale http://pandorajewellerysale.com/ 32 32 3 detained for theft in 2 jewelry stores in Dhaka https://pandorajewellerysale.com/3-detained-for-theft-in-2-jewelry-stores-in-dhaka/ Tue, 28 Dec 2021 15:21:00 +0000 https://pandorajewellerysale.com/3-detained-for-theft-in-2-jewelry-stores-in-dhaka/ Detectives arrested three people in connection with the theft at two jewelry stores in the Karnafuli Garden City market in the capital. Those arrested are Shahid Matabbar alias Shaheen, Shaishab Roy alias Sumon and Uttam Kumar Sur. During a briefing to reporters at the DMP media center on Tuesday, AKM Additional Police Commissioner Hafiz Akhtar […]]]>

Detectives arrested three people in connection with the theft at two jewelry stores in the Karnafuli Garden City market in the capital.

Those arrested are Shahid Matabbar alias Shaheen, Shaishab Roy alias Sumon and Uttam Kumar Sur.

During a briefing to reporters at the DMP media center on Tuesday, AKM Additional Police Commissioner Hafiz Akhtar said a gang of thieves had stolen a huge amount of gold ornaments from two stores – “Mohana Jewelers” and ” Best and Best Creation Jewel Avenue Jewelers “in the early morning of December 16th.

A complaint was lodged with the Ramna Model Police Station in this regard, and then detectives opened an investigation into the incident alongside the local police station, he added.

AKM Hafiz said Shaheen was arrested in the Nagarkanda Police Station area of ​​Faridpur on Sunday after examining CCTV footage.

According to his statement, DB detectives simultaneously drove and arrested Sumon and Uttam from Shakhari Bazar in Barisal and the Kotwali police station area in the capital on Monday.

During examination-in-chief, they confessed to their involvement in the theft incident, he added.

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Two jewelry stores looted in Dhaka market https://pandorajewellerysale.com/two-jewelry-stores-looted-in-dhaka-market/ Sat, 18 Dec 2021 09:29:00 +0000 https://pandorajewellerysale.com/two-jewelry-stores-looted-in-dhaka-market/ Two jewelry stores in the Karnaphuli Garden City shopping center in Kakrail in Dhaka were looted early on Saturday. Gold jewelry and silver were looted from stores, said Dhaka Metropolitan Police deputy commissioner for the Ramna area, Bayezidur Rahman. The stores are Mohona Jewelers and Jewel Avenue Jewelers. Police and shop owners were trying to […]]]>

Two jewelry stores in the Karnaphuli Garden City shopping center in Kakrail in Dhaka were looted early on Saturday.

Gold jewelry and silver were looted from stores, said Dhaka Metropolitan Police deputy commissioner for the Ramna area, Bayezidur Rahman.

The stores are Mohona Jewelers and Jewel Avenue Jewelers.

Police and shop owners were trying to confirm the amount of gold and silver looted in cash, AC Bayezidur said.

The crime scene unit of the Criminal Investigation Department visited the stores.

CCTV camera footage from the market showed a group of looters infiltrated shops and looted jewelry and cash.

DMP Ramna’s deputy commissioner Shazzadur Rahman said they mainly discovered that thieves entered the market through his bathrooms.

The thieves could have entered the bathroom from the outside or they were staying there before the market closed, the officer said.

The owners mainly estimated that more than 600 bhoris of gold could have been looted from the stores, police said.

Traders said there was a burglary in the market for the last time in 2014.

In February, masked people looted stores named Rajlaxmi Jewelers, Gentle Park, Vogue Sutana and Monsoon Raid at the Rapa Plaza market in Dhanmondi in Dhaka.

In another daring heist, armed people robbed as many as 19 jewelry stores in Ashulia in Savar on September 6.

The CID subsequently arrested more than a dozen people in Dhaka and adjacent districts for their alleged involvement in the heist.

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Two jewelry stores looted from Dhaka market https://pandorajewellerysale.com/two-jewelry-stores-looted-from-dhaka-market/ Sat, 18 Dec 2021 08:00:00 +0000 https://pandorajewellerysale.com/two-jewelry-stores-looted-from-dhaka-market/ Two jewelry stores in Karnaphuli Garden City mall in Kakrail in Dhaka were looted early on Saturday. Gold jewelery and cash were looted from shops, Dhaka Metropolitan Police Assistant Commissioner for Ramna Area Bayezidur Rahman said. The stores are Mohona Jewelers and Jewel Avenue Jewelers. Police and shop owners were trying to confirm the amount […]]]>

Two jewelry stores in Karnaphuli Garden City mall in Kakrail in Dhaka were looted early on Saturday.

Gold jewelery and cash were looted from shops, Dhaka Metropolitan Police Assistant Commissioner for Ramna Area Bayezidur Rahman said.

The stores are Mohona Jewelers and Jewel Avenue Jewelers.

Police and shop owners were trying to confirm the amount of gold and cash looted, AC Bayezidur said.

The Crime Scene Unit of the Criminal Investigation Department visited the stores.

CCTV footage from the market showed a group of looters snuck into the shops and looted the jewelry and cash.

Deputy Commissioner of DMP Ramna Division Shazzadur Rahman said they mainly found that the thieves entered the market through his bathrooms.

The thieves may have entered the bathroom from outside where they were staying before the market closed, the officer said.

The owners mainly estimated that more than 600 gold bhoris could have been looted from the shops, police said.

Traders said there was last a break-in in the market in 2014.

In February, masked people looted stores named Rajlaxmi Jewelers, Gentle Park, Vogue Sutana and Monsoon Raid at Rapa Plaza market in Dhanmondi in Dhaka.

In another audacious burglary, armed individuals robbed no less than 19 jewelry stores at Savar’s Ashulia on September 6.

The CID then arrested more than a dozen people in Dhaka and adjacent districts for their alleged involvement in the burglary.

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People flock to jewelry stores in Calcutta https://pandorajewellerysale.com/people-flock-to-jewelry-stores-in-calcutta/ Wed, 03 Nov 2021 07:00:00 +0000 https://pandorajewellerysale.com/people-flock-to-jewelry-stores-in-calcutta/ ANI | Update: November 03, 2021 7:26 AM STI Calcutta (West Bengal) [India], Nov 3 (ANI): People flocked to jewelry markets in Calcutta on Tuesday on the occasion of Dhanteras. Dhanteras, which marks the start of the five-day festival of lights, is considered an auspicious day to buy and bring back new metal items, especially […]]]>



ANI |
Update:
November 03, 2021 7:26 AM STI

Calcutta (West Bengal) [India], Nov 3 (ANI): People flocked to jewelry markets in Calcutta on Tuesday on the occasion of Dhanteras.
Dhanteras, which marks the start of the five-day festival of lights, is considered an auspicious day to buy and bring back new metal items, especially metals like gold and silver.
People gather in the markets to buy gold or silver on what they see as an auspicious day. The shops on BB Ganguly Street in Kolkata are full of shoppers looking to buy gold and silver items on Dhanteras.
A client named Soma told ANI, “Every year on this day we buy gold or silver jewelry. This time I traded in my old chain for a new one. I consider this festival to be auspicious. markets and buy things, not as many as before the pandemic, but the crowds are still just as big. “
Traders have noted that footfall has increased and are happy with it.

“The markets are looking really good this time around, they are better than in 2020,” a trader told ANI.

Another trader added: “Last year there were no customers due to COVID-19. In addition, prices were high last year for gold and silver. But they have decreased. Attendance is also excellent. Profits will occur this time around. buy lighter materials during Dhanteras. “
Dhanteras is observed on the 13th lunar day of Krishna Paksha (dark fortnight) of the Hindu calendar month Vikram Sambat of Aaswayuja in the lunisolar calendar Amaavasyanta.
Literally, Dhanteras means “dhan” or wealth, while “teras” is the 13th day of the lunar cycle in which people pray for Lakshmi, the goddess of wealth and prosperity. (ANI)

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The best sites and jewelry stores to buy an engagement ring online https://pandorajewellerysale.com/the-best-sites-and-jewelry-stores-to-buy-an-engagement-ring-online/ Tue, 05 Oct 2021 07:00:00 +0000 https://pandorajewellerysale.com/the-best-sites-and-jewelry-stores-to-buy-an-engagement-ring-online/ So you want to ask the question, or maybe drop a big clue about the type of engagement ring you have in mind. Well, with many jewelers offering services online, you can enjoy a whole world of options from the comfort of your couch. With the click of a mouse, you have access to a […]]]>

So you want to ask the question, or maybe drop a big clue about the type of engagement ring you have in mind.

Well, with many jewelers offering services online, you can enjoy a whole world of options from the comfort of your couch. With the click of a mouse, you have access to a wider range of customization options, while browsing at your leisure (more time to find a better deal, too).

“The possibilities are endless and aren’t limited by location, as most brands will ship internationally,” says Juliet Hutton-Squire, co-founder of Adorn Insight, a leading market intelligence agency for the jewelry industry. “However, its restrictions mean choosing the right size and not being able to see what the ring would look like on your partner’s hand.”

To reassure customers, most online jewelers have a virtual concierge service that helps identify the perfect piece for the special occasion. You do not know where to start ? Calculate your partner’s ring size by measuring an existing ring of her (or hers) against a ring size guide, which most brands offer on their website. It’s not the end of the world if you don’t get the perfect fit, as any true jeweler will offer a resize service.

Is it Safe to Buy an Engagement Ring Online?

The answer is yes, as long as it is a legitimate brand and a certified diamond. “Research is the key – it is important to ensure the authenticity of the jeweler,” says Hutton-Squire. “Stick to brands you trust. They will provide the history of provenance and a globally recognized certification. If you don’t know the brand, check out customer reviews or investigate based on recommendations from friends and family.

There is a whole range of certifications for diamonds, but here are some of the largest globally recognized organizations: the Gemological Institute of America, the International Gemological Institute, and the Kimberley Process Certification System, which keeps conflict diamonds out. in the supply chain.

Do engagement rings have to be a diamond?

While the majority of engagement rings are diamond, you might want to go for a colored gemstone like an emerald or sapphire, which tend to be more affordable. Many jewelry companies below offer a bespoke online design service that allows you to create the ring of your dreams.

If you firmly believe that diamonds are a girl’s best friend, then there are still plenty of options to choose from to suit any budget. Engagement rings made from cultured – or lab-grown – diamonds are cheaper, arguably more environmentally friendly, and chemically identical to natural diamonds.

For those who prefer a more vintage look, you can choose to recycle an old stone which can be recut to fit a more modern shape or setting. “There is something romantic about inheriting from a stone that comes with its own stories and adding yours as a new chapter,” says Hutton-Squire.

Finally, there is the option of buying a diamond online and having it set by a jeweler, which is probably the most cost effective way to get a top quality diamond. Jewelers such as Blue Nile sell loose diamonds online.

Whether you are looking for a new stone, a lab-grown diamond, or a decades-old heirloom, the same grading criteria apply to determine a diamond’s value: the 4 Cs:

  • Carat (i.e. weight)
  • Clarity
  • Color
  • To cut

It is also important to check off the practicalities of buying rings online. Learn about a brand’s return and order cancellation policies before you buy. Check that your delivery will be secure and fully insured. If you’re buying from an international retailer, you’ll also want to check for any additional taxes or duties your package might incur upon arrival.

The best places to buy an engagement ring online

Vaschi

vashi.com

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Jewelry stores experience low attendance despite festival season https://pandorajewellerysale.com/jewelry-stores-experience-low-attendance-despite-festival-season/ Wed, 29 Sep 2021 07:00:00 +0000 https://pandorajewellerysale.com/jewelry-stores-experience-low-attendance-despite-festival-season/ Hyderabad: The city’s gold and jewelry store owners continue to struggle and are in dire financial straits due to the COVID-19 pandemic which has resulted in a severe financial crisis. The industry is witnessing limited shopping in Hyderabad stores despite the peak wedding and party season. Demand for gold in Hyderabad has plunged since the […]]]>

Hyderabad: The city’s gold and jewelry store owners continue to struggle and are in dire financial straits due to the COVID-19 pandemic which has resulted in a severe financial crisis. The industry is witnessing limited shopping in Hyderabad stores despite the peak wedding and party season.

Demand for gold in Hyderabad has plunged since the COVID-19 pandemic and the ensuing lockdown hit the company. The return of migrant labor and the incomes of those affected (due to job losses) have also made it difficult for companies to survive even today.

The consequences of the COVID-19 shutdown on the jewelry industry here have raised serious concerns among store owners.

“The pandemic has hit small store owners the most, as well-established city owners say the market is showing small signs of recovery from the impact of the two waves of covid,” said the jewelers director of Mohammed Khan, Mokhtiyar Ahmed. He added that the gold and jewelry market is slowly growing.

“Two months ago, the situation was quite grim compared to the days before the pandemic. The business is still down 10-15%, ”he said. siasat.com.The situation has been so bad for some that gold dealers even have to return the jewelry they buy from goldsmiths due to low customer traffic.

When shop owners or merchants do not pay the goldsmiths, they are forced to return the gold jewelry to the makers. Balaji Biredar, who owns a small store called Balaji Jewelers in Attapur, said his business was still down 40-45% from what it was at the start of 2020. As a result, he had to lay off 30% of its workforce, which mainly includes goldsmiths.

Even three months after the easing of the second COVID-19 lockdown (imposed in May), Hyderabad’s famous gold ornament industry in the Old City is still struggling to get back on its feet. Thousands of goldsmiths who left for their home countries (to states like West Bengal) over the past year and this year’s lockdown have also not returned to work due to the uncertainty and declining demand.

In Telangana, the goldsmith’s workforce is made up of migrant workers from West Bengal who mainly resided in Ghansi Bazaar, Gulzar Houz near Charminar, jewelers from Hyderabad said. Sunil Agarwal, vice president of the Telangana Jewelers Association for the southern zone, said only 50% of migrant goldsmith workers have returned to the city after the lockdown was eased this year.

Typically, during the Dussera and Diwali festival seasons, gold and jewelry stores witness an increase in customer purchases. Many stores make the most of their profits during festival season.

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Kerala plans video surveillance in jewelry stores to fight tax evasion https://pandorajewellerysale.com/kerala-plans-video-surveillance-in-jewelry-stores-to-fight-tax-evasion/ Tue, 07 Sep 2021 07:00:00 +0000 https://pandorajewellerysale.com/kerala-plans-video-surveillance-in-jewelry-stores-to-fight-tax-evasion/ In a bid to tackle tax evasion by gold traders, the Kerala government is considering the possibility of live video surveillance in jewelry stores, in addition to stepping up surprise checks. This new move has sparked resentment among thousands of gold traders in Kerala, which is one of the flourishing markets for the yellow metal. […]]]>

In a bid to tackle tax evasion by gold traders, the Kerala government is considering the possibility of live video surveillance in jewelry stores, in addition to stepping up surprise checks.

This new move has sparked resentment among thousands of gold traders in Kerala, which is one of the flourishing markets for the yellow metal. A decline in tax revenues from gold prompted the state government to tighten its grip on gold merchants. The new movements are also a follow-up to Kerala’s long-standing demand for the introduction of an electronic bill for gold.

A meeting chaired by Chief Minister Pinarayi Vijayan on Tuesday decided to step up inspection by tax officials in jewelry stores. The chief minister explored the possibility of enforcing video surveillance in major jewelry stores, with tax officials and police having access to video surveillance units in stores.

Angered by the measures, representatives of the All Kerala Gold and Silver Merchants Association said the government’s new measures would worsen the harassment traders already face from law enforcement officials.

According to sources, Kerala’s tax revenue from gold which was previously above Rs. 600 crore has come down to nearly Rs. 250 kernel after the introduction of the GST. Kerala has around 7,000 registered jewelers. The smuggling of gold to Kerala from other countries via airports is also considered to be at an alarming level.

The state government demanded that the electronic invoice be introduced for gold, citing that the lack of an electronic invoice was the main reason for tax evasion. However, gold traders in some states like Gujarat objected, citing the security risks associated with transporting gold as an electronic waybill could make details of the movement of gold known to d ‘others. The state government is also in the process of introducing an electronic invoice for the intrastate movement of gold.

Check out the latest DH videos here:

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Best Diamond Jewelry Stores: Where To Buy Online In UK https://pandorajewellerysale.com/best-diamond-jewelry-stores-where-to-buy-online-in-uk/ Mon, 06 Sep 2021 07:00:00 +0000 https://pandorajewellerysale.com/best-diamond-jewelry-stores-where-to-buy-online-in-uk/ S hirley Bassey sang it best when she took out her ’70s Bond belt, Diamonds are forever. The magnificent stones were used to adorn royalty and have been coveted by the fantastically rich for centuries. They continue to be the reigning gemstone for engagement rings and wedding jewelry. One of the reasons they are so […]]]>
S

hirley Bassey sang it best when she took out her ’70s Bond belt, Diamonds are forever. The magnificent stones were used to adorn royalty and have been coveted by the fantastically rich for centuries. They continue to be the reigning gemstone for engagement rings and wedding jewelry.

One of the reasons they are so precious and expensive is the simple fact that they can take up to 3.3 billion years to form, or about 75% of the age of the Earth.

For those who don’t want to hang around that long, a faster solution is at hand.

What are lab-grown diamonds?

Laboratory-grown, man-made, or cultivated diamonds are identical to those found on Earth, but take less than a month to grow in a controlled environment.

They are made by taking “seeds” (small diamonds) and growing them by applying high pressure and heat so that carbon layers form on them.

They have no environmental impact unlike the process of stones extracted from the earth which can lead to soil erosion, ecosystem catastrophe and deforestation, not to mention triggering outright wars. In addition to light colors, lab-made diamonds can be cultivated in tones that would be considered extremely rare (and expensive) if researched by traditional methods, but they are true carbon copies of natural stones.

Thus, not only are kilometers of lab-grown diamonds more affordable, but they are also an ethical and socially responsible choice.

With sustainability at the top of our collective agendas, it’s no wonder these lab-grown beauties dominate the market as more of us consciously buy.

How to buy diamonds online

There are a few rules about buying diamonds, the main one being the four Cs.

Where do the 4 Cs come from?

Gary Ingram, CEO of The diamond store explains, “This method of valuing diamonds was invented by the Gemological Institute of America (GIA) in 1949. Today, their grading system is the globally accepted standard for measuring the quality of diamonds, and it is used by virtually all jewelry professionals in the world. “

The four Cs of diamond quality

Ingram says, “Diamonds are rare, beautiful and brilliant. But not all of them are alike. Their brightness, size and appearance depend on four quality factors. These are called the “4 Cs” of diamond quality – and they are VSUtah, VScolor, VSlarity and VSarat weight. Each factor is rated separately, but together they establish the overall quality of a diamond.

  • To cut: the expression “a rough diamond” takes on its full meaning when you see the intact state of the stone. It takes a lot of effort to coax it into the dazzling rock that you admire in the storefronts of jewelry stores. Cut refers to how light can refract through it and, therefore, how bright it will shine.
  • Color: not all diamonds are clear, some contain gray or yellow tinges, which are considered flaws. The less color a white diamond has, the more it is worth. That said, there are exceptions to the rule: yellow, pink and blue colored diamonds are valuable depending on the intensity of their color.
  • Clarity: it’s time to take out your magnifying glass for inspection. Most diamonds have flaws and imperfections that affect their price, even though they are invisible to the naked eye. Totally flawless diamonds are incredibly rare and therefore very expensive.
  • Carat: size matters in the diamond world. The larger the rock, the more it is worth, even though it is the same cut, color, and clarity as a smaller stone.

What is the difference between Carat and Karat?

A carat is the unit of weight used to measure the size of a gemstone, such as a diamond. During this time, a karat measures the amount of gold in an alloy. It’s always 24 parts, so for example 18k gold means 18/24 parts gold.

Forget a little black book, consider this your ultimate diamond repertoire for jewelry that sparkles.

The diamond store

The diamond store

You don’t have to live at 221b Baker Street to know what this website is selling. The Diamond Store is the UK’s largest online retailer of diamond jewelry, gemstones and watches. Dive in to discover all manner of treasures, from cocktail rings adorned with gobstoppers-sized jewelry to earrings designed to channel red carpet glamor. Price from – are you seated? – only £ 45. All parts ship worldwide for free, 30 days free returns, and a five year warranty.

Shard of Pandora

Pandora

The jewelry brand best known for collectible charms has entered the sparkling world of lab-grown diamonds. Pandora Brilliance offers sparkling durable stones set in elegant and timeless designs, crafted for strong and ambitious women – model Ashley Graham and actress Rosario Dawson are the ambassadors.

This collection marks the next big step in Pandora’s sustainability journey; the company also uses 100% renewable energy in some facilities, and virtually all of the stones used in current collections are man-made, reducing the burden on the environment.

Edge of Ember Conscious Diamonds

Embers edge

Leveraging her MO to bring luxury to everyday jewelry, Edge of Ember has launched a new collection called Conscious Diamonds. The selection is made to pair with things you probably already own – think earrings and hoops to enhance your neat ear, and slim rings to rekindle your stack of fingers. All pieces are crafted from 100% recycled gold and the white and yellow gold diamonds used originated in a laboratory.

TRUE

TRUE

Creating spectacular diamond jewelry using stones from its own foundry, American brand VRAI describes itself as a foremost digital fine jewelry brand. It is certainly on the cutting edge; the diamond smelter is the world’s first certified zero-emission diamond lab, an idea so impressive that Leonardo DiCaprio signed up as an investor.

Highlights include the collection of modern engagement rings, which can be personalized and come in a dozen stone shapes, but there are also unisex jewelry and summer embellishments. Kinds of magpie, welcome to paradise.

Lark & ​​Bay

Lark & ​​Bay

Offering cool and coveted fine and semi-fine accessories, Lark & ​​Berry is the destination for diamond and gemstone jewelry. In addition to pieces for everyday style, the brand also offers a bridal line of wedding earrings, necklaces and engagement rings. All the diamonds used are of the cultivated variety.

Shining earth

Shining earth

Founded in 2005, there is a lot of ice in Brilliant Earth, where Beyond Conflict Free diamonds are the only stones used. This means natural diamonds that have no harmful environmental or social impacts, but the brand also uses lab-grown and recycled diamonds, as neither requires re-mining. The collections include all the usual jewelry categories as well as engagement rings and wedding rings for both sexes.

Baunat

Baunat

Global brand with showrooms from Munich to Mumbai, Baunat offers fine natural diamond jewelry and rings online, all made in the diamond capital of the world, Antwerp, Belgium. They promise that all diamonds are from 100% natural, certified and conflict free suppliers. Browse jewelry and watches as well as a wide selection of engagement rings.

Beers

As one of the oldest and most prestigious diamond houses in the world, De Beers’ reputation speaks for itself. The brand is internationally synonymous with the finest natural diamonds, sourcing diamonds from its own mines in southern Africa and Canada. Heritage and tradition add up to the resounding price tag, but many agree that De Beers stones are the best in the world. In addition to engagement and wedding jewelry, the brand also offers a My First De Beers range, designed to offer and begin the obsession with diamonds.

Best part: for an exquisite everyday look to the Talisman collection, which brings a touch of spirituality to your jewelry box.

Kimai

Kimai

Beginning her life as a small collection of lab-grown diamond studs and now also offering stunning engagement rings, Kimai pairs her stones with recycled 18k gold. The brand believes in creating jewelry for the future without the social and environmental cost of traditional mining. It’s totally for the modern woman: in fact, fans include Emma Watson, Jessica Alba, and Meghan Markle.

How to care for and store diamond jewelry

Whether you opt for a lab-grown or resold natural diamond, these precious jewels require TLC to help them maintain their shine.

Take them off before swimming, bathing, or cleaning the house, and give them the finishing touch after you’ve done your hair and makeup. Hair spray, moisturizer, and perfumes can impact their shine.

A safe is the perfect place to store diamonds if you don’t have a safe in your home. For pieces that you wear every day, keep them away from other jewelry to avoid scratching them – its original box or fabric-lined jewelry box is best. If none of that is an option, keeping it wrapped in tissue paper is a great alternative.

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Telangana: More than 55,000 gold jewelry stores and showrooms remain closed to oppose HUID standard | Hyderabad News https://pandorajewellerysale.com/telangana-more-than-55000-gold-jewelry-stores-and-showrooms-remain-closed-to-oppose-huid-standard-hyderabad-news/ Mon, 23 Aug 2021 07:00:00 +0000 https://pandorajewellerysale.com/telangana-more-than-55000-gold-jewelry-stores-and-showrooms-remain-closed-to-oppose-huid-standard-hyderabad-news/ HYDERABAD: Gold jewelry showrooms in Panjagutta, Ameerpet, Secunderabad, Pot Market (General Bazar), Kukatpally, Madhapur and Gachibowli in Hyderabad were closed on Monday in symbolic one-day strike . Likewise, gold jewelry merchants in other districts of Telangana, have also closed their businesses and expressed their solidarity, with the commotion one day. Responding to a call by […]]]>
HYDERABAD: Gold jewelry showrooms in Panjagutta, Ameerpet, Secunderabad, Pot Market (General Bazar), Kukatpally, Madhapur and Gachibowli in Hyderabad were closed on Monday in symbolic one-day strike .
Likewise, gold jewelry merchants in other districts of Telangana, have also closed their businesses and expressed their solidarity, with the commotion one day.
Responding to a call by the National Working Group of the National Gems and Jewelry Council of India and the Mumbai Gold Jewelry Association, traders observed a one-day bandh, against the rule at six-digit Hallmark Unique ID (HUID) imposed by the Bureau of Indian Standards (BIS).
“Over 90 percent of traders in Telangana have closed their gold jewelry business and generated an overwhelming response,” Mannepally Murali Krishna, task force member in Telangana and popular gold jewelry dealer, told TOI.
The gemstone and gold jewelry industry was strongly against the HUID system and called on the central government to make certain changes to the HUID rule and then amend them for the benefit of the entire jewelry industry in gold, ”said task force member Murali Krishna.
The HUID rule is implemented with the exception of 10 percent of gold jewelry dealers, but the remaining 90 percent could not be brought into it due to various challenges in setting up ” Analysis and Punching Centers ”(AHC) and employees, according to a gold jewelry dealer in town.
HUID takes almost 5-10 days to mark products, resulting in a complete bottleneck and the industry stalled, another trader said.
Meanwhile, in Nizamabad, Karimnagar, Adilabad and Warangal, besides the big merchants, the small and medium gold merchants, also shook hands on a one-day bandh call, shut down their business and organized demonstrations.
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Jewelry stores run out of stock in Bangalore https://pandorajewellerysale.com/jewelry-stores-run-out-of-stock-in-bangalore/ Fri, 16 Jul 2021 07:00:00 +0000 https://pandorajewellerysale.com/jewelry-stores-run-out-of-stock-in-bangalore/ Small and medium-sized jewelers are weighed down by the combined effect of changing hallmarks and weak sales. The displays of a one-chain gold jewelry store on SM Road are empty with only a handful of cases for customers. “There is no stock. That’s all we have. New stock is not expected until after 20 days, […]]]>

Small and medium-sized jewelers are weighed down by the combined effect of changing hallmarks and weak sales.

The displays of a one-chain gold jewelry store on SM Road are empty with only a handful of cases for customers. “There is no stock. That’s all we have. New stock is not expected until after 20 days, ”said the store’s sole employee. He is not the only one facing this problem. The windows of many of the city’s jewelry stores are bare, with store owners and managers blaming it on the recent foreclosure.

Praveen Kumar, who runs a jewelry store in Gokula in Yeshwanthpur, said The hindu that most of the jewelry made arrives in the city of neighboring Maharashtra. “With the lockdown in this state, we didn’t have any stock,” he said. According to TA Madhukiran, partner of a gold jewelry store in Gandhinagar, the past two months have been difficult for small and medium-sized jewelers.

On the supply side, the city’s jewelry makers have also been hit by a labor shortage, although foreclosure restrictions in the state were relaxed earlier this month. In Benglauru, for example, many jewelry manufacturers work with less than 50% of their workforce. “After the lockdown, many workers had returned to their hometowns and they have not yet returned,” Madhukiran added.

Following the outbreak of the COVID-19 pandemic last year, jewelry stores were closed for more than three months. This year again, the stores remained closed for many months. “We lost a lot of business because we were closed during big sales such as Ugadi and Akshaya Tritiya, and much of the wedding season,” he said.

The past two years have been difficult times for the jewelry industry. S. Venkatesh Babu, outgoing president of the Bengaluru Jewelers Association, said the supply chain has been affected and business has declined significantly. “Some small businesses have yet to reopen and few others are not in the mood to improve inventory. Some are waiting for the end of “Ashada”, which is considered a “bad omen” month, ”he said.

The lack of clarity in the revised rules for hallmarking jewelry is also affecting the industry. The change in these regulations was also delaying the processing of jewelry, said TA Sharavana, MLC and president of the Karnataka Jewelers’ Association. Mr Babu added that the new rules benefited large jewelry companies, which dominated the market.

“Due to the combined effect of changing regulations on punching, locking and months of downtime, small and medium-sized jewelers are not even able to achieve 30% of sales made two years ago. years, “Madhukiran said.

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