Curb on gold imports will benefit jewellery biz: Gitanjali

"We have to maintain a 20 percent export which is fair and will be very good for the government as well," Mehul Choksi says in an interview to CNBC-TV18.

Gitanjali Gems says recent RBI norms will hurt gold sales

Abhishek Gupta, president, Gitanjali Gems, says gold companies face immediate working capital pressures due to recent RBI guidelines, which prohibit jewellers to buy gold on credit.

New gold norm to hit only 10% of industry: Gitanjali Gems

Gems and jewellery company Gitanjali Gems which is also a star trading house sees a marginal impact on the gold it imports directly following RBI's new gold import rules.

New buys to enhance shop-in-shops presence: Gitanjali Gems

Gitanjali Gems has acquired two jewellery brands — Nirvana and Viola. In an interview to CNBC-TV18, Abhishek Gupta, president, Gitanjali Gems says Nirvana is a 15-year old brand having access to almost 106 shop-in-shops. "Viola has got an access to 60 shop-in-shops," he adds.

Expect 30-35% growth in revenues this year: Gitanjali Gems

Abhishek Gupta, president of Gitanjali Gems says the company has seen a surge of almost 45-50 percent this festive season in diamond jewellery alone. "Margin will definitely improve because the diamond jewellery has better margins," he adds. He expects 30-35 percent growth in revenues this year.