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“The movement in average sale, and the rise in colour gemstone jewelry sales suggests shoppers are nonetheless buying – they’re just being selective as to what they’re buying.” India has the potential to become a world manufacturing hub for gems and jewelry, based on Union Commerce and Industry Minister Piyush Goyal. Speaking at the annual World Jewellery Confederation Congress in Jaipur, Goyal highlighted the significance of the business to India’s economy, with its contribution to annual merchandise exports and employment of nearly 5 million individuals. The home jewellery retail industry, in value terms, is anticipated to grow at per cent …
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