Crucial Diwali for jewellers: Will consumers lift demand for the industry?

If this Diwali season fails, the jewellery industry is expected to face huge losses

gold jewellery
People purchasing gold jewellery in Mumbai | Photo: Kamlesh Pednekar
Rajesh Bhayani
1 min read Last Updated : Oct 17 2019 | 1:01 AM IST
The festive season has kick-started with record-high gold price amid the economic slowdown. consumers preferring to stay put rather than spending has impacted the jewellery industry badly. If this Diwali season fails, the industry is expected to face huge losses. Rajesh Bhayani explains the relevance of Diwali demand this year.



One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :jewellery industryfestive seasonEconomic slowdownGold Prices

Next Story