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India International Jewellery Show 2013
In addition, the time is just right for the local as well as overseas buyers to do their purchases for the coming festival seasons, be it Diwali or Christmas.Obviously, this would hurt the domestic gold market as 60 percent of gold imports are consumed by the domestic market.If at all there was any good demand, it was for high quality 1-3 carat rounds from overseas buyers.
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industry to exercise restraint and help set the CAD right by the governing authorities. An initiative by the gjepc, iijw was conceptualised to showcase Indias finest in jewellery.Given the market condition, trading was quite steady throughout and genuine buyers were looking for goods. But many polished dealers managed to close deals by lowering their prices slightly on older inventory which have gained much due to rupee depreciation. As mentioned before, majority of the local visitors showed more interest in gold jewellery especially tier 2 cities and rural areas were looking for traditional designs but light weight jewellery. With the current price of gold, this trend was not a surprise. Rounding up the Show, one gets the perception that jewellery sections did very well, whether it is plain gold, colour stone or diamond studded jewellery. The gem and jewellery industry in India is one of the most pampered industries in India as compared to any other industries. At the iijs Show, many voiced their opinions that noted that gold import restrictions have also impacted local demand besides increase of gold smuggling into the country. For the uninitiated, Bollywood is the Indian Film industry largely based in Mumbai. Besides, the political atmosphere in the country before the general elections, a weakening rupee and volatile stock market is the reason for this cautious behaviour of the consumers in general. According to them, many suppliers may also compromise on the price to see deals through, given the competition, liquidity problem, cash crunch and an unsure future. Interestingly, according to RBI, gold imports alone accounted for 80 percent of the deficit.
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As there is no increase in polished prices. But even bigger companies, and for those who found the infrastructure at the Show lacking in order may also notice that with the available facilities. Were at their creative best to present some neverseenoneofa kind designs. The jewellery manufacturers, have outline to compromise on prices at a minimum level. However, if the asking price was high. Were beginning to look at diamond studded jewellery. And tried to stay away from the runofthemill jewellery which every second jeweller presents at every jewellery Show. On the other hand, given the current conditions in the diamond market.
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A large number of jewellery 36-1000c paper shredder manufacturers were ready with State and culture specific goods making it easy for the buyers to make purchase decisions. Such overwhelmingly massive crowd was not seen in any other B2B jewellery show in recent times. Instead, difficult times need different measures to overcome hurdles. Aruna Gaitonde, surely, so, the low demand for loose today sakshi news paper srikakulam edition diamonds may not have come as a surprise for the diamond traders. Many incurred costs are saved and makes more business sense for them. Rough Polished, jewellery and coloured stones from the multiculture States of India turned the iijs a brand in its own right. The domestic buyers were rather reluctant to make a deal.
At the loose stones arena - especially the diamond section - business was rather sluggish.However, the long overdue Exhibition Centre promised by the Chief Minister at the inauguration function, is an urgent need and will be welcomed by the Indian Gem Jewellery industry if expedited by the Maharashtra government.
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