Stronger-than-expected festive buying interest
The gold jewellery market gears up for the festive at latch! Kavita Chacko, Research Head, India-World Gold Council [WGC] gaze the festive sentiment in India. She said, Signs of demand revival are emerging as the gold jewellery market gears up for the upcoming festive and wedding season (from early August to year-end). Anecdotal reports from industry stakeholders suggest a positive outlook. This optimism was evident at the recent India International Jewellery Show (IIJS), the country’s largest jewellery trade fair. [Reader’s Note: IIJS is the 2 nd largest global gem & jewellery show.] As per anecdotal reports from the event, many manufacturers reported stronger-than-expected buying interest and a noticeable pickup in orders from both large chain stores and independent retailers. Retailers who had been cautious about their inventories in recent months due to lacklustre demand reported active restocking in anticipation of improved festive sales. And g...