The
gems and jewellery industry have large familyowned
properties spread across Mumbai, Surat, Ahmedabad
and other cities. The sector had been one of the
leading exporters till about 6 months back, with
almost 60% of the exports going to the US to high
profile retail stores such as Macy's, Wal-Mart,
JC Penney and the like. .....
One of the Worst Years For G & J Industry…
Moreover, the domestic demand has also declined by over 20 per cent which is evident from piling up inventories currently running for 12 months from the normal level of 3-4 months. Which means the industry will continue to sell if it does not produce anything for 12 months.
