04.02.2020 Views

INDIAN JEWELLER (IJ) Dec - Jan 2020

How did we fair in 2019? It was one of the toughest years for jewellers. From the rise in gold prices to hike in import duty and a lack of demand from consumers - jewellers faced all kinds of challenges insights from Industry Experts

How did we fair in 2019? It was one of the toughest years for jewellers. From the rise in gold prices to hike in import duty and a lack of demand from consumers - jewellers faced all kinds of challenges insights from Industry Experts

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Special Feature<br />

Gold jewellery is an inherent part<br />

of Indian culture. Since marriage<br />

is a once in a lifetime occasion,<br />

brides and families are ready to<br />

splurge on gold jewellery and<br />

buy heavy necklaces, oversized<br />

earrings and chunky bangles.<br />

The charm and elegance of<br />

traditional jadau and polki<br />

continues to this day and will<br />

also remain timeless. But at<br />

the same time women have<br />

become practical as well and are<br />

also moving toward lightweight<br />

jewellery featuring intricate<br />

carving and coloured stone<br />

studded jewellery<br />

Arvind Chordia, Saaz Jewels<br />

When we have millennial<br />

customers in the store, we<br />

make sure that the experience<br />

of buying is fantastic. This<br />

involves a very patient &<br />

understanding sales executive,<br />

good ambience, excellent<br />

beverages and an easy going<br />

approach of not pushing for<br />

sales<br />

Ishu Datwani, ANMOL<br />

are seeing now days. Even for brides, parents<br />

would earlier buy 80 per cent heavy jewellery<br />

while 20 per cent would be wearable,<br />

everyday jewellery. But now it has become<br />

50-50. Transformative jewellery has taken the<br />

industry by storm. Versatility is the one thing<br />

women are looking for so that they can wear<br />

one piece in multiple ways .”<br />

Gold which is considered a symbol of purity<br />

and prosperity has played an invaluable role<br />

in Indian weddings, not only because of its<br />

inherent value but also due to its underlying<br />

meaning. It is undeniable that gold jewellery<br />

plays an essential role during the lives of many<br />

women from birth to marriage to festivals<br />

and feasts. Indian culture is deeply associated<br />

with gold and gold jewellery and the role<br />

of gold jewellery in Indian society is crucial.<br />

Strong emotional response of the buyer joined<br />

with a compelling traditional bent of mind<br />

emphasizes the role of gold. The trend has seen<br />

several changes over a period of time and it<br />

also helps to transfer customs and rituals from<br />

one generation to the other.<br />

Arvind Chordia of Saaz Jewels shares,<br />

“Gold jewellery is an inherent part of Indian<br />

culture. Since marriage is a once in a lifetime<br />

occasion, brides and families are ready to<br />

splurge on gold jewellery and buy heavy<br />

necklaces, oversized earrings and chunky<br />

bangles. The charm and elegance of traditional<br />

jadau and polki continues to this day and will<br />

also remain timeless. But at the same time<br />

women have become practical as well and<br />

are also moving toward lightweight jewellery<br />

featuring intricate carving and coloured stone<br />

studded jewellery .”<br />

Jewellery was previously seen as a valuable<br />

investment and Indian parents would save<br />

up money for their daughter’s marriage. But<br />

today, jewellery faces stiff competition from<br />

experiences, travel, branded apparel and<br />

electronic gadgets which are increasingly<br />

becoming a part of Indian fabric. Sharing her<br />

perspective, Varda Goenka of Diagold revealed,<br />

“Earlier jewellery was seen as an investment<br />

but now it’s no longer true. Women are<br />

increasingly spending money on travel<br />

or electronic gadgets instead of jewellery;<br />

however when it comes to marriage they do<br />

invest in heavy jewellery. Today brides decide<br />

Saaz Jewels<br />

90 | december 19-january <strong>2020</strong> | <strong>INDIAN</strong> <strong>JEWELLER</strong>

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!