Discussions with the commerce revealed that sales during this era had been round 20% greater y-o-y, indicative of very robust sentiment, particularly after we contemplate that final year’s festival demand was strong. Jewellery demand additionally obtained a boost from marriage ceremony purchases in the course of the quarter. PhonePe and CaratLane introduced their partnership to enable customers to buy jewellery by redeeming their accumulated Digital Gold. Consumers can redeem their Digital Gold for a jewelry of their choice at CaratLane and avail as much as 7% additional on redemption amount. This strategic alliance aims to revolutionise the way people acquire and reward beautiful everyday jewellery. From inflation to lab-grown diamonds, jewelry industry consultants Paul Zimnisky and Sherry Smith share their predictions for the year forward.
Its merchandise include chains, rings, necklaces, earrings, bracelets, bangles, gold, white gold and platinum. In-store reductions and roadshows will likely proceed to function necessary marketing …