India’s gold imports rose for the first time in seven months in July after a fall in prices ahead of a jewellery exhibition prompted jewellers to replenish stocks, provisional data from metals consultancy GFMS showed.
A Fugitive Economic Offenders Act Court in Mumbai has summoned Nirav Modi to appear before it on September 25 at 11am along with his sister Purvi Modi and brother Neeshal Modi to answer to changes of money laundering.
It has been confirmed by Antiguan authorities that the jewellery tycoon Mehul Choksi has taken citizenship of the country and is currently residing there after fleeing India before news of the scandal broke.
Greece’s securities regulator on Thursday imposed a 4 million euro fine on luxury jewelry maker Folli Follie and nine incumbent and former top executives, citing market manipulation over 2017 financial information.
Indian gold demand is set to improve in the second half of 2018, after falling 6 percent in the first half, as government steps to boost farmers’ incomes are expected to lift rural buying power, the WGC said on Thursday.
Glossy magazine empire Conde Nast on Tuesday quashed months of rumors about the impending departure of Vogue editor-in-chief Anna Wintour, declaring that the magazine's 30-year veteran was staying "indefinitely.