Manufactured pieces sold well at Mumbai fair, stones sales slower
MUMBAI, January 9, 2011 – Sales of manufactured jewels fared well at IJS Signature 2012, while business in loose stones was slower, organisers said.
As IIJS Signature 2012 wrapped up at the exhibition centre in Mumbai, the mood was cautious because jewellers were concerned over the impact on demand of a weaker rupee, combined with high and volatile precious materials prices.
Organisers said sales of manufactured jewels had been sturdy, especially niche, high-end pieces which flourished, while mass-produced sales did less well.
However, Indian dealers had reported that sales of loose diamonds were slow because retailers had stocked up months earlier and not sold as many finished pieces as they had hoped, reducing the need to re-stock now.
IIJS Signature ran from January 6-9, 2012.