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Thursday, 5th May 2005 (4038 views)

Latest figures on Indian jewellery have shown that the country accounted for 800 tonnes of gold consumption each year.<br/><br/>In addition, 70 per cent of this consumption is from demand for wedding gold and jewellery, according to the Hindu.<br/><br/>However the World Gold Council (WGC) has argued that export figures achieved were "insignificant" in terms of global trade.<br/><br/>It has encouraged business to attend the upcoming business to business event in Chennai to help them gain a clear understanding of the global market.<br/><br/>Council vice-president, K Shivram, argued that the exports were down because of poor craftsmen standards, something that needs addressing.<br/><br/>Mr Shivram has called on merchants to attend the event so that it can progress in the global jewellery market.<br/><br/>In addition, India has been called on to introduce some sort of standardisation for jewellery in the country.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8432312"/>

 

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