Gold Rate Today in Chennai - All that glitters here are gold and diamond

With the gold market in the south of India emerging an attractive investment destination, gold rate today in Chennai has become the talk of the stake-holders. From buyers to sellers to agents to lenders to government, everybody keeps a close tab on gold rate today in Chennai, to keep themselves updated about the latest happenings in the crucial city for the trade.

On the other hand, gold rate today in Chennai is determined by various internal and external factors and the prices are very competitive, since many leading jewellers are competing with each other to attract buyers. Meanwhile, various competitions are being conducted among jewellers and others in the business and companies are contesting with each other to win awards, so that they would get mileage in wooing customers.

Today (January 16), it was announced that Divine Solitaires, India’s first solitaire diamond brand that is pioneering mechanisms to introduce transparency in pricing and consistency in the quality of diamonds, recently won the "Best Solitaire Brand of India" award at Gem & Jewellery Trade Council of India (GJTCI) Excellence Awards in Ahmedabad. 


The GJTCI Excellence Awards recently took place at an award ceremony at Ahmedabad, with a view to felicitate the stalwarts of the jewellery industry and to recognize their contribution towards the development and growth of the industry. Leading names of the Indian jewellery industry were present under one roof at the award ceremony.  


Trophies were awarded in across 40 categories in this year’s competition to few of the extraordinary men and women who've specialized in various categories of the jewellery sector for their outstanding achievements and services to the sector. Leading politicians, industrialists, social workers, eminent trade personalities and intellectuals were also invited to address the award function and to give away the award.   
        
On receiving the award for the "Best Solitaire Brand of India" Jignesh Mehta, Managing Director, Divine Solitaires commented, “We are honoured to receive such a prestigious recognition at the GJTCI Excellence Awards. At Divine Solitaires we work hard to bring about a certain level of transparency and quality in all our products. We are thankful to the GJTCI for acknowledging our work, and giving us this wonderful opportunity.”


Divine Solitaires was founded by Jignesh Mehta and Shailen Mehta in 2006 with a vision to organize the market of loose solitaire diamonds in India and taking on the onus of pricing and quality.
 A press release said Divine Solitaires is the first & only solitaire brand in India which provides its consumer with the world’s finest & perfectly crafted solitaire diamonds in an organized & transparent manner. Every Divine Solitaire diamond adheres to the highest standards of craftsmanship & stringent quality measures which go beyond any laboratory certifications.


Divine Solitaire is the first diamond brand in India to brought Nationwide Standard & Transparent Price List which guarantees complete transparency & assures our customers to get true value for money. Every Divine Solitaire is equipped with unmatched features like Hearts & Arrow, easy & Transparent Buyback and Upgrade option and a Free all risk cover insurance and many more.


 Divine Solitaires consistently strives to provide the consumer with a perfectly cut diamond solitaire that has an ethical sourcing, quality certification, investment value and clarity in pricing put together in a state of the art packaging, added the release. Within a short span of time Divine Solitaires has strengthened its presence at 82 premium jewellers in 52 cities across the country. Divine Solitaires plans to expand their pan India presence by penetrating at least 250 markets by the next three years.


For more details; http://www.chennai.goldratelive.com/

Chennai gold rate live - Gold, jewellers & film stars

The connection between film stars and jewellery stores is something that dates back to decades. As a proof to this claim, Kirtlials, one of the leading jewellery showrooms, came out with front page advertisements in reputed dailies, which sported yesteryear heroine Padmini wearing a diamond belt from Kirtilals.

From then to now, many top jewelers across the country had tied up with leading stars to promote their business. 

Kalyan Jewellers, which has roped in beauty queen turned actress Aishwarya Rai Bachchan as its brand ambassador, has unveiled 'Floret' collection recently. South Indian based Kalyan, which operates pan-India, also has in its list actors like Amitabh Bachchan, Prabhu and others, it may be noted.

Inspired by nature, Floret collection has got a wide array of designs that resemble flowers and other masterpieces of nature. Kalyan has recently opened six new stores, focussing on Gulf area. In India, it operates 52 outlets across the length and breadth of the country.

Stores of Kalyan Jewellers are open on Sunday also to cater to those who want to do shopping during the weekend. For more details, log on to www.kalyanjewellers.net

The ‘En Thangam En Urimai’ campaign by Prabhu for Kalyan became a huge hit and it prompted many jewellers in Chennai and Tamil Nadu to keep their prices attractive. News sources offering Chennai gold rate live to media houses said that the Prabhu campaign was a roaring success, though it evoked few guffaws from certain sections.

“En Thangam En Urimai became a slogan and it caught the attention of whole of Tamil Nadu. Many used it for various purposes,” said the sources, which offer Chennai gold rate live. Khazana Jewellery, which has 34 stores across India, has signed Tamannah as its brand ambassador. A top actress in Tollywood and Kollywood, Tamannah has got a huge fan following and Khazana expects it would help the brand.

A promotional material of Khazana, featuring Tamannah, says 'With 34 stores across India, the jewels from Khazana will add beauty to your beauty'. 'Exclusively for you, Khazana has got jewels that are designed with detailed craftsmanship. They are not just beautiful to look at. But will add more to your beauty.'

Khazana too keeps its stores open on Sundays. More details can be had at www.khazanajewellery.com

Small stores which operate from large towns and tier-2 and tier-3 cities of Tamil Nadu too are no exception in having celebrities as their brand ambassadors. They target stars who are in the evening of their market, apart from television actors.

Their advertisements feature in the regional editions of newspapers, besides local cable television channels. Coming back to leading jewellers, Malabar Gold has Suriya to bat for it, while Joyalukkas uses the star power of Madhavan. Jos Alukkas, another leading jewellery brand, had a popular advertisement featuring Vijay. While NAC ads featured Trisha, Sneha was the brand ambassador for Saravana Stores.

Not just jewellers, but gold loan firms too are no exception when it comes to having celebrities on board as brand ambassadors. Manappuram roped in a series of stars, including Tamil actor Vikram, to make the brand popular.

“The star power adds immense value to the jewellery brands. In turn, the actors and actresses huge money by endorsing these brands,” say sources offering Chennai gold rate live, explaining the reason behind jewellery showrooms and gold loan firms roping in stars for their promotional campaigns.

 For more details; http://www.chennai.goldratelive.com/price/

Live Gold Rate in Chennai - Good news: Govt to ease gold curbs

There can be no good news than this for those in gold trade and those who love gold. For, after much consideration and consultation, the Indian government is set to ease its curbs on gold imports.

 

 The Union government and the country's apex bank- Reserve Bank of India- came out with a series of measures to curb gold imports last year.” These measures were taken to bring down India's current account deficit, which touched worrying levels. Thanks to the steps, the CAD has come down, much to the relief of those at the helm of affairs,” sources offering live gold rate in Chennai said.

 

 But still, the government was not so keen at easing the norms, despite representations from various industry bodies and organisations. The industry bodies made these representations since jewellers and others in the trade suffered a lot due to the government's restrictions. Since there were so many curbs on gold imports, the inflow of the precious metal from abroad countries came to a standstill.

 

”This worried jewellery owners and gold sellers a lot, since they were running out of gold to make ornaments. Also since there were restrictions against bullions and gold coins, jewellers felt the pinch and were facing uncertain future,” sources offering live gold rate in Chennai said further.

 

 Following this, based on the inputs from them, the trade bodies and industry organisations made representations to the government to ease norms. But there was no positive signal. However now, Planning Commission member Saumitra Chaudhuri has batted for relaxation in curbs on gold imports citing improved current account deficit (CAD) and joining the growing clamour for easing restrictions on the yellow metal.

 

 Speaking on the side-lines of a CII event, Saumitra Chaudhuri said, "Government had imposed curbs on gold imports in May as a temporary measure. Since it has helped considerably in cutting down trade deficit, I think there will be an end to this either towards the end of this quarter or early next fiscal."

 

Adding value to the voice of Chaudhuri, Economic affairs secretary Arvind Mayaram indicated that the norms would be relaxed after March. He told PTI on Tuesday that the government should not tamper with the existing regime at least for this fiscal, notwithstanding an improvement in the CAD situation.

 

A few days before that, Union Commerce and Industry Minister Anand Sharma said that the gold import norms would be revisited shortly. Speaking on the side-lines of the inaugural event of the Water Health India’s Jaladhara Foundation on the outskirts of Hyderabad, he said, “There is enough availability of gold in the country but we will revisit the import norms. Our effort is to tackle the channel of gold smuggling.”

 

It is to be noted that even Reserve Bank of India Governor Raghuram Rajan too favours doing away with the restrictions. He expressed this opinion, sharing the idea of the Commerce Ministry, which feels that the curbs on gold encourage smuggling.

 

All these opinions by policymakers have made jewellers very happy, and this is expect to make live gold rate in Chennai more attractive in the coming days, indicate experts in the trade. If you are looking for excellent quality gold rate in Chennai, you are at the right place. We offer personalized services and great gold price Chennai. So, if you are interested in owning some brilliant pieces, gold price will not be an issue.

For more details; http://www.chennai.goldratelive.com/price/