The Gem and Jewellery Export Promotion Council will hold jewellery trade show IIJS Premiere 2021 in Bengaluru from September 15 to 19 and recently held a roadshow for the event in New Delhi with the World Gold Council.
Demand for gold increased by 37% in India during the first quarter of the year 2021, compared to the same time period in 2020, as prices were lower and the countrywide vaccination drive boosted shopping.
The World Gold Council has welcomed the Union Government’s policy announcements for the gem and jewellery sector in its new budget for 2021- 2022 in a new report, hoping further favourable measures will follow.
Gold demand shrank 14 percent last year as the coronavirus pandemic sparked record falls in jewellery purchases and as strong investor interest sent prices to all-time highs, industry data showed Thursday.
India’s gold demand in the fourth quarter is expected to recover after falling 30% in the previous quarter as festivals are expected to strengthen retail jewellery purchases, the World Gold Council (WGC) said.