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senco: Senco becomes first Indian jewellery brand to join ONDC Network

Kolkata-based jewellery brand, Senco Gold & Diamonds, made a significant announcement on Friday. They proudly revealed that they have become the first Indian jewellery brand to join the Open Network for Digital Commerce (ONDC) Network. This integration marks a crucial step for Senco Gold and Diamonds, as it will now make their extensive catalogue accessible on multiple shopping apps within the growing ONDC Network.

India , Bharat , Suvankar-sen , Saahil-goel , Network-for-digital-commerce , Kolkata-based-senco-gold , Open-network , Digital-commerce , Senco-gold , Senco , Ondc , Jewellery

Gold Sales: Big Bullion Sale: Gold shines amid festive fireworks

Sales of the worst affected mass-to-mid segment products across categories have also seen a slight improvement in this season with single-digit growth, according to companies, retailers and market researchers. The revival has been driven by urban and semi-urban markets, with the critical rural markets still showing no signs of a recovery.

India , Kolkata , West-bengal , Jewellers-association , Counterpoint-research , India-bullion , Gold-sales , India-bullion-and-jewellers-association , Festive-season , Gold-sales-surge , Senco-gold-amp-diamonds

gold prices: Senco Gold & Diamonds: Q2 net profit up 36% amid lower gold prices and higher engagement

Suvankar Sen, managing director & CEO of the company said "The recently concluded quarter has been yet another positive one for us at Senco Gold & Diamonds, achieving continued robust momentum in both footfalls and revenue across all markets. Gold prices in Q1 were volatile versus Q4 and almost 15% higher YoY. This price volatility continued in Q2 as well, with a sudden fall in Aug-23 and again increasing trend by the quarter end with YoY price higher by 13% leading to above growth. We again achieved volume growth consistently in Q2, leading to H1 level YoY volume growth of 11% in gold and 33% in diamond."

India , Suvankar-sen , Sanjay-banka , Sales-growth , Senco-gold , Same-store-sales-growth , Diamond-jewellery , Channel-mix , Gold-prices , Fall-in-gold-prices , Rajwada , Senco-gold-amp-diamonds

Senco Gold & Diamonds: Q2 net profit up 36% amid lower gold prices and higher engagement, ET Retail

Suvankar Sen, managing director & CEO of the company said "The recently concluded quarter has been yet another positive one for us at Senco Gold & Diamonds, achieving continued robust momentum in both footfalls and revenue across all markets. Gold prices in Q1 were volatile versus Q4 and almost 15% higher YoY. This price volatility continued in Q2 as well, with a sudden fall in Aug-23 and again increasing trend by the quarter end with YoY price higher by 13% leading to above growth. We again achieved volume growth consistently in Q2, leading to H1 level YoY volume growth of 11% in gold and 33% in diamond."

India , Sanjay-banka , Suvankar-sen , Sales-growth , Senco-gold , Same-store-sales-growth , Diamond-jewellery , Channel-mix , Senco-gold-amp-diamonds , Oy , Old-prices , All-in-gold-prices

Senco Gold & Diamonds opens 2 new showrooms, crosses mark of 150 outlets, ET Retail

“Celebrating our 150th showroom is not just a milestone for Senco Gold & Diamonds, It's a testament to our unwavering commitment to adorning the dreams of millions.” said Jyoti Sen, director and head of design and marketing, Senco Gold & Diamonds.

Jyoti-sen , Senco-gold , Senco-gold-amp-diamonds , Olkata , Ewellery , Atibagan , Yoti-sen , Idya-balan , Ankurgachi , Iwali-offers ,

Polished diamond rates crack 35% in a month to touch 2004 levels

The maximum price fall has happened in diamonds sized between .25 carat to 3 carats, said Kirit Bhansali, vice-chairman, of the Gem & Jewellery Export Promotion Council (GJEPC). This is giving a chance to Indian consumers to own bigger size diamonds, which otherwise would have been out of their reach.

Israel , Ukraine , Kolkata , West-bengal , India , Senco , Xizang , China , Russia , Surat , Gujarat , Vijay-mangukiya

wedding season: Price drop drives solitaire diamond sales in top cities

Global diamond conglomerate De Beers as well as local chains such as Senco Gold & Diamonds and Malabar Gold & Diamonds estimate the increase in demand for solitaire, or one-piece, diamonds in India to as much as 20% compared with the pre-Covid period.

Russia , Malabar , Kerala , India , Ukraine , Kolkata , West-bengal , Russian , Suvankar-sen , Amit-pratihari , Beers-forevermark , De-beers

Lab-grown diamonds set to catch festive sparkle

Even high-net-worth individuals (HNIs) have taken a shine to lab-grown diamonds, which earlier attracted mainly the 18-35 age group that could not afford natural diamonds, said people in the know. This, they said, has prompted listed players like Senco Gold & Diamonds to enter the market in this financial year to tap into the growing demand. Price remains a key magnet for customers, to be sure, as a carat of lab-grown diamond (LGD) costs ₹60,000-70,000, a fraction of ₹10-11 lakh for a natural diamond. "

India , Raipur , Chhattisgarh , Delhi , Sanjay-banka , Pooja-sheth-madhavan , Limelight-lab-grown-diamonds , Senco-gold , Mumbai-based-pooja-sheth-madhavan , Wondr-diamonds , Lab-grown-diamonds , High-net-worth-individuals