India clocked 26 per cent sales growth in platinum in 2018
All that glitters in not gold anymore, its platinum! Sounds quirky, right? Well then fasten your seat belts because it is true that platinum prices are now less than gold, and youngsters, especially men, are now more inclined towards buying platinum jewellery than the traditional yellow metal.
Platinum is a metal, which is 30 times rarer than gold. In a recent report published by Platinum Guild International (PGI)—Platinum Jewellery Business Review (PJBR) 2019 – the aspiration for platinum among today’s consumers was revealed. The report stated that the platinum market in India has witnessed consistent rise and reported a growth of 26 per cent in sales in 2018 alone.
The annual survey was conducted over 1,000 manufacturers and retailers, in addition to over 1,000 consumers to provide comprehensive and in-depth analysis of platinum jewellery’s performance in 2018, together with a forecast for 2019, highlighting the trends that will shape the industry in each of the four key platinum jewellery markets such as Japan, China, the US and India.
Commenting on the substantial increase in sales of the rare metal, Vaishali Banerjee, Managing Director India, PGI said, “The overall PGI programme retail sales growth was at 19 per cent. This year, PGI India will continue to work with strategic partners to expand its presence in Tier II and III cities to leverage the growing affluence and increased preference for platinum jewellery in these markets. The outlook on the category for 2019 is strong and we expect a growth of 15-20 per cent in overall PGI programme retail sales with the strategic retail partners posting a higher growth.”
Bu hikaye Outlook Money dergisinin July 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Outlook Money dergisinin July 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Gold ETFs And FoFs
While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.
PLANNING TO BUY CHILD INSURANCE? THINK TWICE
Child insurance plans combine insurance and investment but often offer low returns due to high costs, making a combination of a term insurance cover and mutual fund a better option for securing your child’s higher education needs
How Do You Define Happiness?
Money does buy happiness, but after a while, the appeal fades. We talk about our relationship with money, but, maybe, it’s time to revisit our relationship with happiness
Avoid Crypto As It Is Highly Volatile
I am 22 years old and have recently started working. I want to invest a small portion of money in cryptocurrency. How should I go about it? Does it require a huge capital investment?
Invest Right, Don't Speculate
The lure of high returns and quick gains from equity tips, cryptocurencies, and equity F&O can be enticing. But remember, return of capital is more important than return on capital
The Wedding & Budget: Is Minimalist Trend The Right Knot For You?
Indian weddings are known for their pomp and grandeur, but minimalist weddings are also in vogue now. Dia Mirza was one such celebrity who went for a minimalist wedding. If you also want to keep things minimal on your big day, here’s how to do it
Here's How To Buy An ETF?
Mutual funds are the preferred choice for retail investors. However, they come at a cost and fund management risk, apart from other risks. A smarter alternative is to invest through ETFs.
How Passive Funds Help Diversify
Passive funds provide a simple way to invest in broad markets as well as in specific themes and sectors, making them ideal for an investor's satellite portfolio
The Rise Of Passive Funds
The popularity of passive funds among retail investors has risen post Covid, and fund houses are out with many variations of ETFs and index funds. Does this category present a new opportunity for investors?
Tax Reforms: What's In Store?
The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms