Indian jewellery industry is roping in foreign designers to change designs and enhance the quality of its product to compete in the growing world market.
The Indian jewellery manufacturer and exporter, SB&T International Ltd, and global jewellery retailer, Gerald Ratner, have formed a new company - SB&T International (United Kingdom) Ltd - to distribute the former's products in Britain.
It was unclear how bankers were deciding which jewellers to support
Exports of gold jewellery fell 23.13 per cent to $1153 million.
Chinese gold demand slid to a four-year low of 866 tonnes.
Going ahead, the likely implementation of the goods and services tax bill in July and how the monsoons play out will have a bearing on India's demand for gold and gold jewellery
Import of jewellery from Hong Kong attracts no duty in India, due to a free trade agreement.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
India imported 769 tonnes of gold in 2014, down from 825 tonnes in 2013.
Gold demand in rural India is expected to be lower this year with weak monsoon affecting household savings, according to the World Gold Council (WGC).
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