| Date: |
24-05-2010 |
| Subject: |
Jewellers in India look to home as global markets struggle |
|
Jewellers in India are pinning hopes for demand in 2010 on the domestic market as international destinations struggle, but extraordinary price volatility is limiting sales, even in auspicious periods.
India, the world's biggest market for the precious metal, had made successful forays into target markets for mid-priced jewellery, but wholesalers exhibiting at Vicenza's international jewellery trade show said uncertainty across financial markets was also mirrored in export activity.
"For the moment, all the markets are slowing down, except for India. Europe is slowing down, the U.S. is not out of the woods yet," said Pradeep Kumar Godha, chairman and managing director of Shantivijay Jewels ltd, in Mumbai.
Source : moneycontrol.com
|