Jewellery
The drop in consumption of plain gold jewelry has impacted the producers of plain gold jewellery from Tamil Nadu, Kolkata and Delhi. Muthu Venkatraman said that the orders for plain gold jewellery have trickled down post the surge in gold costs. India’s gems and jewellery exports fell by eleven.49% in October, reaching Rs 22,873.19 crore. Cut and Polished Diamonds exports fell by 32.70% to Rs 10,495.06 crore, whereas polished Lab Grown Diamonds exports dropped by 23.01% to Rs 1,one hundred thirty five.sixteen crore. The decline was mainly because of a slowdown in demand in key markets and provide constraints of…