Punjab & Sind Bank has a $441 million (Rs 2,933.9 crore) loan exposure to jewellery tycoon Mehul Choksi, the public sector bank revealed on October 12. The bank named Choksi a “wilful defaulter” on September 17, 2019.
The Gem and Jewellery Export Promotion Council held a seminar at the Bharat Diamond Bourse in Mumbai to discuss issues surrounding customs in the jewellery industry with the aim of promoting growth in the sector.
The jewellery and watch brand Titan reported a decline in its financials in the September quarter despite a 7% growth in retail sales but the business is confident of a comeback in the second half of the financial year.
Multi-brand Indian fashion retailer Pernia’s Pop-Up Shop will host a two day fashion and lifestyle shopping event “Pernia’s Pop-Up Show” from October 11 to 12 at Worli to showcase over 90 brands in Mumbai.
House of Chic concluded its US pop-up tour with a shopping event in New Jersey. The pop-up featured festive wear from a number of Indian brands and gave US shoppers the chance to browse festive collections.
The world’s largest jewellery maker has looked to fashion for inspiration for its latest innovations, beginning with Pandora Me, as Pandora Chief Creative & Brand Officer Stephen Fairchild tells FashionNetwork.com.