1. Home
  2. Shilpa Shetty joins 'gold rush'; launches jewellery firm

Shilpa Shetty joins 'gold rush'; launches jewellery firm

[email protected] (PTI)
April 3, 2014

Mumbai, Apr 3: Bollywood actor Shilpa Shetty today launched her own gold bullion and jewellery company, which will have outlets in seven cities.

Shilpa_ShettySatyug Gold has entered into long-term contracts with gold mines all over the world and also owns two refineries in India, Shetty, who is Chairperson of the company, said.

Satyug Gold is opening seven stores in cities like Mumbai, Delhi, Jaipur, Ahmedabad, Pune, Chandigarh and Ludhiana. These outlets will feature regular collections of jewellery designed by the actress.

"We have entered into long-term contracts with gold mines from all over the world and own two licensed refineries in India. Some of the margins we make in our gold business will be passed on to our customers in the form of discounts.

"This is possible because we are a complete mine-to- refinery-to-customer set up," Shetty told reporters here.

Satyug owns 42 per cent stake in AuPtAg Refinery and 50 per cent in Royal Refinery, both located in Navi Mumbai. They have refining capacity of 18 tonne and 150 tonne per annum, respectively, she said.

On the occasion, Shetty launched 12 creatively designed evil eye charms made in 22 karat gold.

The company has also launched its own minted 24 karat (999) purity gold coins in different sizes. The coins will be apt for gifting, Shetty said.

Satyug is also launching, for a limited period and in association with the Indian Bullion & Jewellers Association (IBJA), a scheme that will offer patrons chance to purchase pure 24 karat gold at up to 37 per cent off the prevailing market rates linked to various delivery tenures.

Satyug has inked a five-year deal with the association worth Rs 25 crore as royalty payment, said IBJA President Mohit Kamboj.

Size of India's gems and jewellery industry is likely to double to Rs 5,00,000 crore by 2018 and investment demand in the form of coins and bars has a capacity to reach Rs 1,80,000 crore by 2018 from Rs 85,000 crore in FY 12.

Comments

Juliann
 - 
Saturday, 19 Mar 2016

Simply wish to say your article is as astounding. The clarity in your publish is just excellent and i can think you are knowledgeable on this subject.
Well together with your permission let me to grasp your RSS
feed to eep upp to date with impending post. Thank
you a million and please keep up the gratifying work.

Check out my wweb bllog - self storage gold ira reviews: http://linktown.kvue.com/biz/selecta-llc/midland/tx/79701/68780253

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
July 28,2020

Mumbai, Jul 28: Megastar Amitabh Bachchan says he was left in tears as his daughter-in-law, actor Aishwarya Rai Bachchan, and granddaughter Aaradhya Bachchan were discharged from hospital after testing negative for coronavirus.

Aishwarya and her eight-year-old daughter, who were shifted to the isolation ward of Nanavati Hospital on July 17, were discharged on Monday.

Amitabh, 77, and his actor-son Abhishek are still in hospital after they were admitted on July 11.

In a post on official blog, the Bollywood veteran said that he became emotional when Aaradhya told him that he would be "back home soon".

"They go home, the little one and Bahurani... and the tears flow out... the little one embraces and tells me not to cry... 'You’ll be home soon', she assures... I must believe her," he said.

On Monday, Abhishek had said that he and his father were still under the care of medical staff at the Nanavati Hospital's isolation ward.

"My father and I remain in hospital under the care of the medical staff. Thank you all for your continued prayers and good wishes. Indebted forever," the 44-year-old actor tweeted.

Both Amitabh and Abhishek have been sharing their health updates with fans on various social media platforms.

Last week, Amitabh had dismissed reports that he had finally tested negative for coronavirus, calling the piece of news "an incorrigible lie".

Mumbai's Covid-19 tally rose to 1,10,129 on Monday with addition of 1,033 new cases.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 23,2020

Mumbai, Jul 23: Mumbai Police will soon issue summons to actor Kangana Ranaut to record her statement in connection with the case related to the suicide of actor Sushant Singh Rajput, officials said on Thursday.

A day after Sushant Singh Rajput's suicide, Kangana Ranaut had released a two-minute video speaking highly of the deceased actor and accusing certain sections of the film industry of not acknowledging the star's talent.

She had also said that some of the last social media posts by the actor made it evident that he was struggling to survive in the industry.

According to the police, statements of 39 people, including film critic Rajeev Masand, director-producer Sanjay Leela Bhansali, and filmmaker Aditya Chopra have been recorded in the investigation so far.

The Mumbai Police had recently said the statements of three psychiatrists and one psychotherapist have been recorded in connection with the suicide investigation.

Rajput was found dead in his Mumbai residence on June 14.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 12,2020

Los Angeles, Apr 12: Pop star Rihanna has asked her fans, who are demanding her to release her new album soon, to back off as her prime focus right now is doing her bit in saving the world from the coronavirus pandemic.

The Grammy winner was one of the first Hollywood personalities who pledged support towards the relief efforts in fighting the COVID-19 outbreak.

Rihanna has been teasing new for quite some time now and eager admirers got an earful from her during an Instagram Live. Her last studio album was 'Anti' which was released in 2016.

Taking a swipe at US President Donald Trump, the Barbadian singer said, "If one of y'all ask me about the album one more time when I'm tryna save the world, unlike y'all president....on sight."

Rihanna's non-profit organisation Clara Lionel Foundation (CLF) and Twitter CEO Jack Dorsey recently donated USD 2.1 million each to help victims of domestic violence in Los Angeles during the COVID-19 stay-at-home order.

Also CLF and and rapper Jay-Z's Shawn Carter Foundation donated USD 2 million to support undocumented workers, the incarcerated, homeless and elderly populations, and children of frontline healthcare workers in Los Angeles and New York City amid the coronavirus pandemic.

Earlier, Rihanna, through CLF, also donated USD 5 million to support Direct Relief, Partners In Health, Feeding America, the International Rescue Committee and World Health Organization's COVID-19 Solidarity Response Fund as they continue to fight the pandemic in the US, the Caribbean and Africa.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.