Indian jewellery sellers rub their hands at the arrival of the most important Hindu festival on the calendar, Diwali, and the wedding season, the most fruitful sales period of the year for an industry that sees the business of selling Gold and diamonds shine like never before.
In the last three months of the year after cash for gold delhi the stifling heat and monsoon rains, the usual time for weddings and the dates of Diwali coincide, one of the most important religious festivals in India that moves depending on the year between the end of October and beginnings of November.
Wealth and prosperity are the most shared messages in this event, symbolized through jewellery, gold and diamonds that are presumed good omen, so they are also present in the marriage ceremonies.
The gold buyers in delhi value of the jewels in the Indian culture has been translated in an increase of the consumption and a remarkable increase of the numbers of the Indian national market, especially in the fourth quarter of the year.
According to gold buyers in delhi data from the World Gold Council (WGC), during these three months of 2014, India spent 6.918 billion dollars in gold jewellery, which was an increase of 12% over the previous year, becoming the first global consumer in that timeframe of the year.
“Giving gold is a deeply rooted part of the marriage rituals of Indian society, so weddings generate approximately 50% of the annual demand for gold,” says the international body.
Anticipating the season, jewellers from all over the country met this week in Delhi, at the fourth jewellery and jewellery Fair, to show their products to the Indian public.
“Consumption is growing because weddings and Diwali will arrive soon, so we will start to have good sales starting in October,” Prateek Singhvi, director of the Swarnsarita company.
At the fair, the counters overflowed buyers who, with the cash for gold delhi magnifying glass of an eye, carefully analyze the characteristics and quality of the diverse sample presented by the jeweller sector during the event.
“In the first place, customers look at the design and then want to know what the quality of the diamond is.Earrings, necklaces and rings are, according to the Federation of Chambers of Commerce and Industry of India (FICCI, in English), the most demanded pieces of jewellery among the Indian public, the great majority of women, from India, a country where half of the stock is sold at retail.
The data of the gold buyers in delhi verify the good relationship between the Indian society and the jewellery business, representing in 2013 29% of the world consumption of world gold jewellery, a total of 1,908 tons of which about 553 were acquired in the Asian giant