Surging gold costs in India are main some people to exchange their gold jewellery for brand spanking new pieces, significantly during the marriage ceremony season. Higher prices are driving more Indians to reuse their gold, and whereas customers are purchasing for weddings, overall demand is comparatively subdued. In 2023, India witnessed a shift in shopper demand, as sales of low-priced items declined while luxury gadgets surged, marking a notable development. Companies tailored by focusing on prosperous consumers to offset reduced sales and declining margins, highlighting a transparent break up in client preferences towards premium merchandise amid market challenges.
“Jewellery has the power to be the one little thing that makes you feel distinctive.” So stated Elizabeth Taylor, a girl who understood the facility of an excellent bauble better than perhaps anybody. Admittedly, the jewelry obsessive was much less concerning the little things and extra concerning the stonking, six-figure ones, however …