A stable macroeconomic environment and a sharp drop in gold prices has led to about a 25-percent increase in jewelry sales at the festival of Diwali in India as compared to the previous year.
Although the price of gold over the festive period Danteras this year were slightly higher than in the past, they could not spoil the mood of buyers. The experts explained that although gold prices were higher year on year, a day Danteras they decreased compared to the last few months.
One of the main trends this year is the fact that antique or traditional gold jewelry again in demand in the Indian market. Diamond jewelry showed brisk sales this year. This pattern was observed across the country.
This year, consumers were inclined to buy gold jewelry, not limited to the usual souvenirs Danteras. Jewelers also regained a positive attitude because of stability in terms of overall business environment, and also because of the expectations of a reliable business after a weak first half of the year.
Over the past few months on the jewelry demand in India has been weak due to volatile gold prices and in view of the short jewelers strike.
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