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Gold-Price Jump Is Hitting Profits, Say Indian Diamond Jewelers
Exhibitors at IIJS Bharat – Signature show cite impact of shift in product composition.
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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