The rise Of gold And coloured gemstones In the Indian Jewellery market

As the festive season approaches in India, there is an anticipated surge in demand for gold. Gold prices have rebounded from 5-month lows due to various factors such as the strength of the US dollar, high US treasury yields, weak global exchange trade fund, and the rise in India gold ETF demand.

Meanwhile, a fascinating trend is emerging in the Indian jewellery market – the growing affinity for coloured gemstones. Traditional jewellery designs are now incorporating these vibrant and diverse gemstones to cater to modern tastes. This trend adds a new dimension to the jewellery market and appeals to a wider array of consumer preferences.

Navrattan Kothari, Chairman of the KGK Group, predicts a remarkable 20 percent growth in gemstone demand this year. With jewellers blending traditional and modern designs, the market is expected to thrive during the festive season.

Overall, the Indian jewellery market is poised for growth as the demand for gold and coloured gemstones increases. The festive and wedding season is expected to drive this growth and bring a refreshing change to jewellery designs.

Source: https://www.claytoncountyregister.com/