Wednesday, 29th June 2005 (4809 views)

New figures have revealed that India's jewellery market is now worth more than Rs58,000 crore.

According to the survey by the Gitanjali Group, gold jewellery is the first metal of choice amongst Indian consumers.

However, the use of diamonds in jewellery is becoming increasingly popular.

Local jewellers and malls are the key areas Indians like to go to purchase jewellery, with consumers becoming more mobile and having access to more money.

Figures show that there are now more than 5,000 retail stores that sell jewellery in the area.

Gitanjali is a leading gem and jewellery group which owns the well known Gili brand.

 

« Back to Gold News stories

 

The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.