The Indian retail jewellery industry is expected to witness a 10-12% growth in domestic jewellery consumption for FY2024, revised up from an earlier estimate of 8-10%, driven by the rise in gold prices. However, ICRA projects a moderate growth rate of 6-8% in H2 FY2024 due to tepid rural demand amid persistent inflation.
Business News: Jewellery consumption is expected to grow by 10-12% this year due to the increase in gold prices, according to a report by Icra. The rating agency has
Chow Tai Fook Jewellery Group Limited
2023 Jewellery Consumer Trends Report 02-Nov-2023 / 14:30 UTC+8
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