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Jewellers claim 85-90% dip in domestic business, exports unaffected

Post-demonetisation, the All India Gems and Jewellery Trade Federation says it has recorded a loss of Rs 30,000 crore in just the last 20 days

IANS  |  New Delhi 

When Satyaprakash Pande of Dheersons Jewellers sees an individual approaching his shop located in the bustling Karol Bagh market in central Delhi, he becomes hopeful of getting a customer -- an entity that has become rare in the last few weeks. Many jewellers estimate an 85-90 per cent dip in business post-demonetisation -- but exports have been unaffected. With hardly three-four customers a day, Pande terms the situation "unprecedented" as he has never witnessed such a slowdown in his business. He recalls how busy he was attending to the rush of customers in November ...

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Jewellers claim 85-90% dip in domestic business, exports unaffected

Post-demonetisation, the All India Gems and Jewellery Trade Federation says it has recorded a loss of Rs 30,000 crore in just the last 20 days

Post-demonetisation, the All India Gems and Jewellery Trade Federation says it has recorded a loss of Rs 30,000 crore in just the last 20 days When Satyaprakash Pande of Dheersons Jewellers sees an individual approaching his shop located in the bustling Karol Bagh market in central Delhi, he becomes hopeful of getting a customer -- an entity that has become rare in the last few weeks. Many jewellers estimate an 85-90 per cent dip in business post-demonetisation -- but exports have been unaffected. With hardly three-four customers a day, Pande terms the situation "unprecedented" as he has never witnessed such a slowdown in his business. He recalls how busy he was attending to the rush of customers in November ... image
Business Standard
177 22

Jewellers claim 85-90% dip in domestic business, exports unaffected

Post-demonetisation, the All India Gems and Jewellery Trade Federation says it has recorded a loss of Rs 30,000 crore in just the last 20 days

When Satyaprakash Pande of Dheersons Jewellers sees an individual approaching his shop located in the bustling Karol Bagh market in central Delhi, he becomes hopeful of getting a customer -- an entity that has become rare in the last few weeks. Many jewellers estimate an 85-90 per cent dip in business post-demonetisation -- but exports have been unaffected. With hardly three-four customers a day, Pande terms the situation "unprecedented" as he has never witnessed such a slowdown in his business. He recalls how busy he was attending to the rush of customers in November ...

image
Business Standard
177 22