Danish jewellery maker Pandora to open 50 shops in India
The Dollar Business Bureau Denmark’s jewellery manufacturer Pandora said on Friday that it would enter the Indian market and open 50 stores in the coming three years as it is pursuing an ambitious expansion target. The Indian market, one of the largest jewellery markets in the world, is worth over $40 billion a year and is likely to grow at a rate of 7% a year through 2021, the company said in its press release. However, the Indian market has traditionally been more focused on diamonds and gold than silver, the favourite material of Pandora, which makes up only 5% of the market, it added. A change in consumers’ behaviour particularly amongst the young Indians towards international brands could however, drive success towards Pandora's ...
Qatar based-Bank imports record volumes of gold to meet demand
Source: PTI As falling gold prices continue to fuel strong buying interest, a Qatar-based bank is building up its gold supply to meet increased consumer appetite for the yellow metal. Doha Bank has imported a record 23,818 ounces of gold in the first seven months of 2015 to keep up with sustained demand from jewellery manufacturer, jewellers, retail and high net worth (HNI) investors. Doha Bank is one of the few banks authorised to import gold in Qatar and offers gold bars and mint coins to its customers at an extremely competitive price. Gold prices fell below $1,100 in July 2015, touching a five-year low, and continue to hover around the mark, triggering heavy buying interest. “Despite the short-term headwinds, gold remains a ...
