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India’s gem and jewellery exports to US drop 44.42%, GJEPC raises concerns

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January 16, 2026

Gem and jewellery exports from India to the US dropped by 44.42% year on year during April to December 2025 to total $3.86 billion, compared to $6.95 billion in the corresponding period a year prior. This has caused the Gem and Jewellery Export Promotion Council to raise concerns.

Members of the GJEPC at a previous edition of international jewellery trade show Jewellery Arabia – GJEPC- India – Facebook

 
“The United States remains India’s largest export destination, accounting for nearly 30% of our gem and jewellery exports,” said GJEPC chairman Kirit Bhansali in a press release. “The sharp decline in shipments is a matter of serious concern. Prolonged uncertainty around tariffs could adversely impact the long-term viability of the US market for Indian jewellery exporters. That said, we have full faith in the Government of India and remain hopeful that ongoing bilateral trade discussions will lead to a positive and timely resolution.”
 
In December 2025, Indian gem and jewellery exports to the US declined by 50.44% year on year as a dip in demand and tariff-related pressures continued to affect the industry. However, despite the drop in US trade, India’s total gem and jewellery exports remained stable during the April to December 2025 period, according to the GJEPC. This has resulted in India’s total provisional gem and jewellery exports for the nine-month period being aggregated at $20.75 billion, representing a dip of 0.41% year on year and 3.69% growth in rupee terms.

“Free Trade Agreements with the UAE and Australia have come at a crucial time for the industry,” said Bhansali. “Recent FTAs with the UK, Oman, New Zealand, and others will further enhance competitiveness by reducing duties and easing trade barriers. With the Government of India currently negotiating multiple trade agreements, we are confident these will open new markets and strengthen India’s position globally on quality, value and trust.”

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West End visitor traffic gets festive boost

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January 16, 2026

One key part of London’s West End saw big uplift in visitors during December with new figures from the Heart of London Business Alliance (HOLBA) saying footfall was up 19% year on year last month.

Photo: Pexels/Public domain

The area HOLBA covers includes Piccadilly, Leicester Square and Haymarket, which don’t account for the main shopping district but are just a stone’s throw from Regent Street, Bond Street and Covent Garden.

HOLBA’s figures also show that dwell time increased by 42 minutes per day compared to a year ago.

Overall, footfall was 20% above the average seem from 2022-24, and between 15 and 29 December, visits were up 35%, all of which HOLBA said underlines the area’s recovery from the pandemic.

Deputy chief executive, Mark Williams, said the figures “show that London’s West End continues to outperform national trends, with visitor numbers on the rise. This underscores its appeal as a global destination and the power of the experience economy in attracting people to the area”.

The New West End Company (NWEC), which represents businesses across the wider West End, hasn’t yet released its own figures for December. But it had earlier said that the area bucked the national trend over the Black Friday period. West End footfall was up 9% in the previous week, up 4.1% in Black Friday week itself and 6.2% the week after.

That further underlines how well the West End has bounced back after several years in which its status as one of Europe’s top tourist shopping districts was at risk. From 2020 onwards, the large number of store closures, the proliferation of so-called American candy stores and the (still-ongoing) absence of tax-free shopping for tourists meant central London was slow to recover. ‘Rival’ shopping cities such as Paris and Milan meanwhile have taken less time to get back to pre-pandemic footfall levels and London Mayor Sadiq Khan this week revealed that he’s lobbied the government to get the decision on cancelling the tax-free shopping perk reversed.

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Bikkembergs sees 2025 revenue steady at €30 million, plans two openings in Tbilisi

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January 16, 2026

Bikkembergs returns to Milan Fashion Week and, for the first time, opens the doors of its headquarters on Via Stendhal (Solari). “Pitti is a wonderful platform, but we made a strategic choice to be more consumer-driven,” Dario Predonzan, the brand’s CEO, tells FashionNetwork.com.

Dario Predonzan at the entrance to Bikkembergs’ HQ in Milan

The more than 500-square-metre space, which opened around 10 years ago, brings together the design studio, offices, and B2B sales across two floors, and was set up for the occasion with an oversized inflatable soccer ball positioned at the entrance, the result of a collaboration with a Turin-based creative.

The soccer sneaker is at the heart of the brand’s strategy. Founded by Dirk Bikkembergs, the label is now owned by China’s Modern Avenue. “It is our signature piece, the item consumers associate most strongly with the Bikkembergs name. It’s also on trend right now thanks to its low-profile aesthetic,” Predonzan notes.

Last June’s collaboration with Gosha Rubchinskiy marked a step-change in this direction. “We phased out all the old models across the various markets, a move similar to what Adidas did with the Stan Smith. We will put a strong focus on the brand’s heritage,” says the CEO.

The collaboration with the Russian designer was a limited edition of about 2,000 pairs. “We sold almost all of them. Spring-Summer ’26 was the first season of the sales campaign and we nearly doubled the footwear category’s figures,” Predonzan continues.

A total look from Bikkembergs' FW26 collection.
A total look from Bikkembergs’ FW26 collection.

The company closed 2025 with turnover of 30 million, in line with last year. “We are satisfied because, despite the difficulties, the company is on a solid financial footing. We have worked hard to streamline processes. It is crucial to be a healthy business in such an uncertain market phase,” the CEO adds.

Driving Bikkembergs’ sales are Germany and Northern Europe, which are once again important markets. The US and Russia account for much of the remainder. “The opening plan through 2027 is proceeding, with two new openings coming in Tbilisi, Georgia, between March 2026 and next autumn-winter. Today we have nine mono-brand stores, but we are always looking for partners for new openings,” says the manager.

In Milan next March, the brand will celebrate its founder with a special event, coinciding with the launch of the first exhibition at MoMu in Antwerp dedicated to the Antwerp Six (which includes designer Dirk Bikkembergs himself). “We want to tie in with this important event to pay homage to our origins,” Predonzan concludes.

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Milan Fashion Week opens menswear season with Zegna

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January 16, 2026

Milan Fashion Week’s menswear season kicked off Friday afternoon with a grand show and ground-breaking collection from a powerhouse brand- Zegna. Presented inside Palazzo del Ghiaccio, a giant, all-white ice-skating rink in east Milan, redesigned like a giant gentleman’s dressing room, where the cast walked out of huge closet doors.

Creative director Alessandro Sartori’s take on Zegna’s brand heritage – FashionNetwork.com

 
Creative director Alessandro Sartori played with the house’s codes of refined elegance, even as he subverted them- with tailoring innovations and novel materials. Like his brilliant new Horizontal Three jacket, a snug double-breasted blazer, with a hidden third button that can be used to expand the garment into a far looser silhouette.
 
In terms of fabrics, Alessandro dreamed up a new blend of cashmere and paper- seen in check cardigan jackets. Devoid of interior pockets and with an unexpected hand, they hung perfectly.

The show invitation was a playing card, revealing the collection’s title- Memorie. A riff on the deep history of the brand, which has just named brothers from its fourth generation– Edoardo and Angelo– as new co-CEOs, 115 years after the label was founded in Trivero, Italy. This also referenced Alessandro Sartori’s own memories of his father, who died when he was a young boy.

Monochrome layers at Zegna
Monochrome layers at Zegna – FashionNetwork.com

 
“One of my strongest emotions was my dad putting on a suit or jacket. When I later found photos of him, I rediscovered my father through his clothes,” explained a wistful Sartori. 
 
The show was also the latest example of smart storytelling by this designer, who presented an early 1930s suit made for founder Ermenegildo Zegna in an Australian wool fabric woven at his own mill. Encased in a museum glass box at the entrance to the show, with a sign that read: Abito 1– or ‘First Suit.’
 
Staged on a classically cloudy January in Lombardy when a chill humidity seeps down from the nearby Alps, the collection looked ideal for the conditions. Notably, a beautiful series of Donegal tweed style speckled beige and brown suits. Worn with fine wool shirts finished with leather buttons. 
 
No other major Italian tailoring brand has been as courageous as Zegna in pivoting an historically business suits-driven business into the new era of casual luxury. A key reason it could do so is the talent of its creative director Alessandro Sartori.

Zegna's latest suits
Zegna’s latest suits – FashionNetwork.com

 
That said, he produced multiple modernist suits in wide yet subtle stripes, cut with large, notched lapels. And showed multiple great coats with forgivingly softer shoulders. Natty yet always noble and worn on a cast of multiple generations, parading around the carpeted floor.
 
Backed up by a soundtrack that blended Nick Cave’s Into My Arms with Max Richter’s In The Garden, this was as polished a fashion statement as one could imagine. As Sartori kept stretching the Zegna DNA without ever snapping it.
 
“I am the custodian of the Zegna family wardrobe,” smiled Alessandro post-show. Before- for his next trick- trying on a Horizontal Three to show how the technique worked to much applause.

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