Now buy region-specific jewellery for your wedding
According to Kulhalli, wedding jewellery accounts for at least 50 percent of the entire Indian jewellery market, which is over Rs.1,00,000 crore. And with this initiative, the brand hopes to expand its market share, especially in Tier-II and Tier-III cities. “At the moment, most people still subscribe to family led jewellers. But with this collection, we are aiming at a pan-India interest as there is something for everyone out of those nine communities. Often, people like to wear jewellery specific to another region. So we are a one stop shop now, said Kulhalli. He said their decision to focus on just nine regions for the launch is based on the number of people in the community, importance of jewellery in their weddings and the scale of their weddings. “For now, we have started with these regions. But we want to expand each year after more research about the areas, he added.
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The Best Tips On How To Buy Indian Bridal Jewellery
Bridal jewellery is by far the most opulent and charismatic, making a distinctive style statement. Since bridal jewellery is for keeps, it makes sense to choose jewellery that will not only see you through your golden years but can also serve as a precious heirloom to be passed down from one generation to another. So choose wisely, and make sure you pick pieces that have appreciative value for investment purposes. Here are some tips to select jewellery.Tips To Select Bridal JewelleryGo For Simple, Elegant Yet Versatile Pieces Jewellery today is more decadent and is available in innumerable creations right from kundan, jadau, diamonds, gold, silver, platinum and navratna. If you are going in for real jewellery on your wedding day, stick to traditional gold jewellery that has value or simple wearable pieces in jadau and kundan that you can wear even later. Buying humungous, over the top and chunky jewellery that you will never wear again is not prudent.
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Golden tips for buyers of jewellery
Russians and Europeans tend to prefer 14 and 18-carat jewellery, but Arab customers usually go for 21 carat. Those from South East Asia gravitate towards 22 carats, experts say. “The preference of caratage comes from the ethnic background of the consumer,” says Biju Joy, the general manager of Dubai Gold Jewellery Group, a trade organisation with about 600 members from Dubai’s jewellery market. “The caratage and colour will also depend on the source and design of the jewellery,” he says. “If the jewellery is made in Europe it will be mostly in 18 carat; it may also be in white or pink gold. Jewellery made in the Indian subcontinent and Arab world will be mostly yellow in colour with some rhodium plating.”
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Turkish gold demand still strong
Meanwhile in India, the All-India Gems and Jewellery Federation announced yesterday that Indian jewellery traders will soon compete with the nation’s banks in buying and selling gold coins. As Bachhraj Bamalwa, President of the organisation, told The Hindu Business Line , banks charge investors a premium of at least 10% on sales of gold coins in comparison with the country′s jewellery traders. Furthermore, the gold coins being offered by the jewellery industry are well thought of among Indian investors. For this reason it is expected that the nation’s jewellery traders will take a larger market share of the banks′ precious metals business in the future. Tags: gold price , India , silver price Author: Roman Baudzu
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Chinese gold demand at record levels
However, at 206.2 tonnes for the first quarter, Indian jewellery demand is still outstripping jewellery demand in China, which stood at 142.9 tonnes for the same period – though Chinese jewellery demand is growing at a pace of 21%, compared with 12% in India. Chinese citizens are buying gold as a natural consequence of their increasing wealth, but also as a hedge against rising inflation. The Chinese government pegs the nation’s currency, the yuan, to the US dollar – meaning that the country has effectively been importing America’s ultra-loose monetary policy. Absent developed international markets in yuan-denominated assets, this has contributed to a growing inflation problem in China. Moves by the Chinese government to clamp down on property speculation have also encouraged more Chinese to buy gold as an alternate investment. Cheap money and government stimulus has led to rocketing home prices in the nation’s cities, and has also contributed to a boom in construction.
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