Gold-Price Jump Is Hitting Profits, Say Indian Diamond Jewelers

Exhibitors at IIJS Bharat – Signature show cite impact of shift in product composition.
Visitors at the IIJS Bharat – Signature show by Gem & Jewellery Export Promotion Council image

The diverse consequences of the high gold rate on India’s jewelry sector were evident at the IIJS Bharat – Signature show in Mumbai, which ended Monday.

Some of these effects are self-explanatory: Consumers have lower spending power, encouraging them to buy less or lighter-weight jewelry. This affects all component suppliers, including diamond wholesalers.

However, one impact participants stressed at the show was on…

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Gold-Price Jump Is Hitting Profits, Say Indian Diamond Jewelers

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