Latest news about gems including notable gems and jewellery, jewellery industry developments, new discoveries, mining, treatments, slicing, and appraising. Goyal said large investments are being made to create a world-class infrastructure, together with the 20-acre India Jewellery Park in Navi Mumbai and a standard facility centre in SEEPZ Mumbai with trendy machinery and equipment. The infrastructure impetus can empower micro, small and medium enterprises in the gems and jewellery trade to construct world competitiveness and increase their business in a contemporary and environment friendly environment, he said. As per business estimates, gross sales of categories like ethnic wear and marriage ceremony wear, gold jewelry and electronic family appliances have declined by 10-20% in FY24 until February as compared to the same period in FY23.
While altering their messaging and increasing communication, businesses should also adapt to altering consumer spending habits. “She put an excellent message out there to clients, she …