Tuesday, 27th July 2004 (4710 views)

Indian weddings are bringing in big benefits for the jewellery industry, as the wedding sector increases each year by 25 per cent.

The increase in high-profile weddings has now influenced the growing middle class, with families spending more on ceremonies and jewellery makers and sellers.

According to IDEX Online, the jewellery sector is already performing well due to robust economic growth from foreign investment and the wedding trends are boosting it even further.

High-ticket jewellery purchases are now no longer seen as luxury spending items by the middle class, due to the developments in the economy within the last few years.

The government also plans to introduce policy measures for the diamond and jewellery industries within the next few months, according to Indian Commerce and Industry Minister Kamal Nath.

 

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