 "Gold bracelets are on display as a woman (L) makes choices at a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kolkata")
India may see a new kind of tourism where with antique gold jewellery held by temples are displayed for a fee to domestic and foreign tourists.
The World Gold Council (WGC) has engaged the Federation of Indian Chambers of Commerce and Industry (FICCI) to conduct a feasibility study in six months after which a proposal will be forwarded to the relevant ministries.
Some antique jewellery is displayed in a couple of museums in the world. Gold tourism would be a first of its kind, if implemented properly.
Old temples have jewellery of antique value that cannot be monetised, but they can earn fees for viewing. “The objective is to keep jewellery on display for public viewing for a fee. This will increase temples’ earnings,” said Somasundaram PR, managing director, World Gold Council, India.
Estimates suggest temples hold around a fifth of the 25,000 tonnes gold in the country. Some of these temples have been accumulating gold for centuries.
The WGC had in 2014 envisaged a gold tourism circuit for hand-crafted jewellery. However, little progress was made because of lack of guidelines for jewellers and differences over selection of jewellery.
Individual temples can keep ornaments on display under their own surveillance. Security can be controlled by temple trusts.
“The idea is not bad. But infrastructure and security could be big challenges. Some temples can do it,” said Rajesh Mehta, managing director, Rajesh Exports, a jewellery chain.
FAITH IN GOLD
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Some antique jewellery is displayed in a couple of museums in the world
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Gold tourism would be a first of its kind, if implemented properly
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Estimates suggest temples hold around a fifth of the 25,000 tonnes gold in the country
- Individual temples can keep ornaments on display under their own surveillance. Security can be controlled by temple trusts
