Online sale using such technologies account 12-15% of overall of Senco Gold & Diamonds, company CEO Suvankar Sen told ET.
The government is planning an overhaul of the country’s drug regulatory body. Towards this, the committee has recommended introduction of cosmetovigilance, close on the heels of pharmacovigilance which has been set up for adverse events occurring with medications.
De Beers also said it has executed 80% of its orders with Indian manufacturing units in Surat and retailers across the country to cater to the domestic market. De Beers and Alrosa have decided to provide flexibility to Indian diamantaires in purchase of diamonds in the August trading session so that the inventory at the manufacturing end does not go up.
.Currently, gold hallmarking is voluntary in nature. However, it will be made mandatory from June 2021. Gold sold by jewellers will need to have 'hallmark' quality certification. Presently, there are 921 hallmarking centres located in 234 districts. The online system will ensure that applications to set up a new centre or renew the existing licence can be submitted online.
More than 2,000 large and small firms in India - where 14 out of 15 stones are polished - have joined hands, acting on advisories issued by trade bodies, to slash and cancel imports, convince global miners Alrosa and De Beers of the urgency to defer supply, and avert panic sale as demand plunged amid Covid-19.
After two months of washout due to lockdown, pent up demand lasted for a few weeks. Then top cities lagged but business in tier II cities was 50-70 of the pre-COVID level by July, De Beers India Managing Director Sachin Jain said.
Justice S C Gupte passed the order on Monday on an application filed by HUL under the Trade Marks Act, seeking an injunction against Emami from using the trademark "Glow & Handsome". HUL recently dropped the word "Fair" from its skin creams for men and women, and renamed the skin cream for men as "Glow & Handsome".
“Rohit Sharma is a world-class performer, an inspiration for the younger generation and an icon. Rohit champions passion, progression, and performance – values that represent Oakley, thus making him an ideal fit to represent and lead the brand dialogue,” Ben Goss, Oakley global brand director, said in a press statement.
The sales decline for manufacturers of personal care products — especially skincare and hair colour — could be higher as beauty salons were shut due to the nationwide lockdown for most part of the April-June period. Men and women showed divergent consumption trends during the lockdown weeks, companies said.
Fashion and lifestyle retailers nationwide said orders for Diwali have shrunk to about 30% this time from last year. Larger players like Biba and Manyavar are cutting productions and orders by almost 40%.
The ‘MINIONS x WROGN’ collection is the result of a partnership between Universal Brand Development and its licensing agent, Black White Orange, and designed by team Wrogn. To be available across offline and online stores starting this month, the new collection offers 10 unique designs in various colours and styles.