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A majority of organised jewellery traders in India are keen on adopting modern practices in manufacturing as it would bring down the wastage involved during the making process, said an official from the industry.
Industry sources say their margins stand in the range of 2-10 per cent and is directly proportional to in-house modern technology. Modern practices would help in improving both retail sales and margins.
In line with these issues, the city is hosting a three-day business to business Jewellery & Gem Fair (HJF) 2013 from June 7. The event, which is being organised by UBM India, would witness 125 major jewellers from across the country.
Kranti Nagvekar, group director, UBM India, said: "The platform will help both jewellers and traders to know the latest trends in styles, industry practices and exporters demand. The major attraction during the current edition would be light-weight jewellery and we're expecting big order placements both from local and overseas traders. Customers here in India prefer Jaipur-studded and Hyderabad precious stone jewellery."
She said the recent fall in gold prices would help exporters improve their revenues and remain competitive in the overseas markets. India exports jewellery to Singapore, West Asia, Istanbul, Russia, Germany, China and Taiwan.
