Saturday, October 17, 2015

Gitanjali Gems Ltd: Waiting for a blast to happen......
The platform - India Leadership Conclave 2015, under the flagship brand of Media property Network 7 Media Group announced Nakshatra, a flagship brand of Gitanjali Group as a winner in the “India’s Most Admired & Valuable Jewellery Brand 2015” category and Mr.Nehal Modi, CEO, Gitanjali USA & Samuels Jewelers Inc. as the “Emerging Entrepreneur of the year 2015”.

The winners were chosen by a selection committee review process that included representatives from government, the industry and general public at large. The questions were posed to 1254 HNI in Tier 1 & Tier 2 Cities.

Gold prices remain firm at 3-1/2 month highs on Friday at the international market, thanks to a recovering dollar. Spot gold was ruling firm at $1,182.73 an ounce at 7 pm IST. In the Mumbai bullion market, standard gold (99.5 purity) closed at Rs.26,895 per 10 grams. 

Jewellery shares, such as Titan Industries, Thangamayil Jewellery, Gitanjali Gems, TBZ, PC Jeweller, Tara Jewels and Rajesh Exports will remain in focus. 

Also, as India increases its focus on developing manufacturing hubs, there is a significant opportunity for the US companies to bring in technological expertise in sectors like gems and jewellery, says a PwC report.
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