However, this year, during this season the jewellers were assuming that sales of the jewellery will not be as expected since the gold prices hover above Rs 60,000 per 10 gram; but unexpectedly it turned out to be good one as on the day of Akshaya Tritiya despite heavy gold prices consumers showed up to the shops and purchased jewellery.
Additionaly, with the rising gold prices the demand for the light-weight jewellery was anticipated.
Let us read further what our industry experts have to say.
With gold prices crossing Rs 60,000 per 10 grams recently has made consumers wary of buying the yellow metal. Even though the prices have come down a little bit since then, prices remain bullish. This will affect the sales during Akshaya Tritiya, considered auspicious to buy precious metals. We expect a 20 per cent dip in volume from last year.
During Akshaya Tritiya, 40 per cent of the business is done in the South, 25 per cent in the West , 20 per cent in the East and the remaining 15 per cent in the North India. Saiyam Mehra, Chairman, GJC
inclination towards choosing pure, naturally white metals, all of us including our retail partners anticipate a surge in the sales of platinum jewellery on Akshaya Tritiya. Vaishali Banerjee, Managing Director, Platinum Guild InternationalIndia
Golden opportunity like Akshay Tritiya is of utmost significance and beholds start of the new year and new beginnings. Consumers should not miss out on this chance to add some glitter to their life by investing in gold and reap benefits for a lifetime. Gold has recently shown excellent returns and will continue to stay bullish. Suresh Kumar Ganna, President The Jewellers Association Bangalore (JAB)
Bu hikaye The Art of Jewellery dergisinin April 2023 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 The Art of Jewellery dergisinin April 2023 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
HRD Antwerp opens diamond and jewellery grading Office in New Delhi
НRD Antwerp celebrated the opening of its new office in New Delhi. Together with the Belgian embassy, a Puja ceremony was held in the new office on Bank Street in Naiwala, Karol Bagh.
This Vishu, welcome the New Year on a special note with Platinum Jewellery
As Vishu, the cherished Malayali spring festival, approaches, the anticipation of new beginnings and fresh aspirations fills the air in Kerala and parts of Tamil Nadu.
Bharat Diamond Bourse Hosts Lunch meeting for the Cricket Legend Sir Geoffrey Boycott and UK Deputy High Commissioner Harjinder Kang
The iconic Bharat Diamond TB Bourse (BDB) was honored to host an exclusive luncheon and conversation event featuring two distinguished guests: the legendary cricketer Sir Geoffrey Boycott and Harjinder Kang, UK Deputy High Commissioner for Western India &Trade Commissioner for South Asia.
A Glimpse into the GIA Alumni Collective, Chennai Chapter "Meet and Greet" Event
this insightful: evening featuring a aia discussion on Bridging Getections in the Jewelry Industry’ was hosted during the GJIIF 2024, Chennai.
Malabar Gold & Diamonds Achieves Record Annual Turnover Exceeding Rs 50,000 Crore Indian Rupees
Malaba alabar Gold & Diamonds announces a milestone achievement with an annual retail global turnover of Rs 51,218 Crore Indian Rupees in the last financial year.
Gold prices are on fire Gold prices have been on fire, jumping 20% in just the past 2 months.
That takes gold t toa near-doubling since pre-pandemic, when it was meandering aicnge at cil 1500. While going to press it closed above 2400.
Celebrate the auspicious occasion of Gudi Padwa with rare and precious Platinum
As Maharashtra and other A western states of India rejoice in the festive spirit of Gudi Padwa, people embrace the rich traditions of the Marathi new year.
Divine Solitaires launches Solus, a range of premium yellow diamond jewellery
Divine Solitaires, launched its premium range of vivid and intense yellow diamond jewellery under the name of Solus by Divine Solitaires. These rare and premium, natural yellow diamonds evoke the warmth of the sun and brilliance of a stars.
Shaping the Future of Gem & Jewellery Industry with Design Gallery Initiatives and Gem and Jewelry Career Center by GIA India
In an exclusive interview at IIJS Tritiya in Bangalore, Sriram Natarajan, Managing Director of GIA India speaks to Sumesh Wadhera, Chief Editor, AOJ about \"How Design Gallery initiative encourages Budding Designers\" and on the sideline he also talks about creating job opportunities through Gem and Jewelry Career Center by GIA India
GJEPC unveils exclusive Gem & Jewellery Show in Jaipur for international buyers
GIBPC JEPC hosted the 3rd edition of International Gem & Jewellery Show (IGJS) in Jaipur. The event, powered by Gemfields, is being held from 12th to 14th April at Novotel Jaipur Convention Centre, Jaipur.