Shilpa Shetty joins 'gold rush'; launches jewellery firm

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

  • 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
March 19,2020

New Delhi, Mar 19: Days after being diagnosed with COVID-19, 'Oblivion' actor Olga Kurylenko said that she is better as her fever has now gone.

The 40-year-old actor took to Instagram to share the health update with a picture of herself wearing a face mask.

"Hello everyone! I'm feeling better today. My fever is gone! I hear people can't figure out where I currently am. I'm in London!," she wrote in the caption.

The 'Quantum of Solace' actor also shared details about coronavirus with her Instafam.

"How do I know it's coronavirus and not just a flu? I did a test for coronavirus which came back positive. What are the medicines that doctors prescribed as treatment? NONE!" she wrote.

"I was told to take paracetamol in case my fever was too high and if I was in too much pain. However, I do take vitamins and supplements. Please note that these vitamins do NOT cure coronavirus but only help the immune system be stronger in order to fight!" Kurylenko added.

She also shared a detailed list of medicines that she is taking to deal with the condition.

The 'Oblivion' actor joined the growing list of entertainment figures who have contracted the highly contagious virus on Monday.

Other Hollywood personalities who were earlier diagnosed with COVID-19 are superstar couple Tom Hanks and Rita Wilson. The celebrity couple has been discharged from the hospital and are under quarantine at their home.

Other celebrities that are currently battling with the coronavirus are music producer Andrew Watt, 'Game of Thrones' actor Kristofer Hivju, and actor Idris Elba.

Comments

Add new comment

  • 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
June 22,2020

New Delhi, Jun 22: Amidst a strain in the ties between India and Nepal, actor Manisha Koirala, a Nepali national, on Monday urged people of both the countries to be not "aggressive and disrespectful" towards each other.

Koirala, a leading Bollywood actor of her times, took to Twitter to request people to let the respective government resolve the issues and stay "civil."

"A heartfelt request please let's not be aggressive and disrespectful..we are in this situation together..our respective Gov's will resolve the issue. In the meantime we can be civil ..I remain hopeful," she tweeted.

Earlier last week, Nepal 's Upper House of Parliament endorsed a proposal to discuss the Constitution amendment bill to update the country's map that incorporates parts of Indian territory.

Nepal's House of Representatives had on June 10 endorsed a proposal seeking consideration of a constitution amendment bill for change of country's map after a lengthy discussion. Nepal has made offers to India to hold "diplomatic talks to resolve the territorial issue" between the two countries.

New Delhi has said that the updated map is "not based on historical facts and evidence" and termed the claims by Nepal as artificial enlargement.

External Affairs Ministry spokesperson Anurag Srivastava also said that the move is violative of the current understanding to hold talks on outstanding boundary issues.

Comments

Add new comment

  • 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
May 17,2020

Mumbai, May 17: TV actor Manmeet Grewal, who worked on shows like "Aadat Se Majboor" and "Kuldeepak", committed suicide after struggling with dwindling finances amid lockdown, family friend-producer Manjit Singh Rajput said.

Grewal, who was originally from Punjab, hanged himself on Friday night at his Kharghar residence here where he lived with his wife. He was 32.

Rajput, who had known Grewal for nearly seven years, said the actor was facing "financial crisis" and wasn't able to earn due to the lockdown. 

"He was going through a major financial issue and he was also in depression. The added pressure of not being able to repay loans amid this (no work phase) got to him. His wife is completely shocked and devastated," Rajput told PTI.

The producer said last rites of the actor were performed on Saturday. 

Grewal was working on projects like a webseries and some commercials, which were put on hold due to the nationwide lockdown amid the coronavirus pandemic. 

Comments

Add new comment

  • 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.