The Indian retail jewelry trade is anticipated to witness a 10-12% progress in home jewellery consumption for FY2024, revised up from an earlier estimate of 8-10%, driven by the rise in gold prices. However, ICRA initiatives a average growth rate of 6-8% in H2 FY2024 because of tepid rural demand amid persistent inflation. Even wealthy clients, who can readily afford natural diamonds, are buying lab growns, says the founding father of a luxurious jewellery brand in Dubai.
- The company goals to establish large-format unique jewelry retail stores across India, creating an aspirational national brand with unique designs and a strong