Jewellery Demand

Jewellery firms may witness strong growth

Industry captains expect a 15-20% increase in demand over last year's high base

Jewellery stocks: With gold prices bottoming out and demand facing headwinds, analysts expect volatility in the jewellery space to continue. That said, they stay optimistic on Titan & Kalyan Jewellers

Mumbai retailers to start odd-even formula, that is, shops on either side of the street opening on alternative days. Initially, more customers may sell jewellery/gold to raise money

Being a price-sensitive market, inflation in gold prices affect consumer sentiments and results in postponement of purchases by customers

India's jewellery demand has remained subdued this year because of the sharp increase in gold prices

World Gold Council to initiate talks with industry bodies; move is aimed at controlling jewellers' default, building lender's confidence as well

Ornaments in this domain are fast catching the imagination of young Indians, not only for their monetary value, but also for their traditional, very 'Indian-like' appeal

After the world's largest jewellery consumer markets - United States - reported a slowdown in demand during the January - March 2017 quarter with slower growth in the gross domestic products (GDP), De Beers pins hope on India and China for jewellery sector growth this year.In an annual study - Diamond Insight, the London - based diamond miner said, "While US demand drove global growth in 2016, it is increasing demand from emerging markets that is behind the last five years being the strongest on record. Despite some markets facing challenging conditions last year, we see this trend continuing, with improvements in demand from China and India, in particular, emerging in 2017."The study said that the US contributed around 50 per cent of the world diamond jewellery consumption to the tune of $80 billion in 2016. The US recorded 4.4 per cent growth in jewellery consumption in 2016."American consumers continue to express strong desire for diamonds, but their purchasing habits are changing .