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Page 49 - Malabar News Today

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No jewel in the crown: High gold prices take sheen off prospective sales in traditional high season

The industry does not foresee customers flocking to jewellers this year during the normally busy and auspicious time of Dhanteras and Diwali, but the high price could mean that revenue figures are not badly affected.
Akshaya Tritiya Askhaya Tritiya Jewellers Association Geojit Financial Services Federal Reserve Jewellery Domestic Council

Romancing the stone, and not breaking the bank

Six months ago, a 1-carat LGD ring at the retail level was priced at ₹2 lakh. But now it costs ₹80,000-₹1 lakh. Similarly, a 1-carat natural diamond ring was priced ₹8 lakh six months ago but now it has dropped to ₹5 lakh, a decline of 37.5% . Diamond solitaire rings are flying off the shelves, as well-heeled customers take advantage of this trend.
Lisa Mukhedkar Shamlal Ahamed Suvankar Sen Pooja Sheth Madhavan Limelight Lab Grown Diamonds Affluent Indians

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