Jewelery News

Indian luxurious market is poised to achieve US$ 50 billion by 2020 from the current US$30 billion . Growing middle class, multiplying millionaires, speedy urbanization, higher disposable incomes, favorable commerce insurance policies, burgeoning millennials and social media proliferation are the key drivers fuelling the growth of the Indian luxury market. “Considering the disaster scenario, the domestic gem & jewelry sector seeks immediate relief measures to enable the commerce to function smoothly,” chairman of the council Anantha Padmanabhan said in an announcement. The police in Maharashtra’s Thane city have arrested three Nepalese males in connection with a theft at jewelry store throughout which gold value Rs three.2 crore was stolen, police said on Tuesday. IRS officer Sachin Sawant, an accused in a cash laundering case, allegedly gifted jewellery worth Rs 1.seventy five lakh to a south Indian actor, and layered his “ill-gotten money” via financial institution accounts of relations and associates, …