How not to get duped by rogue jewellers



The industry body has issued two advisories in an attempt to restore jewellers credibility in the wake of the Rs 12,000-crore PNB-Nirav Modi scam, and recent defaults by two domestic jewellers – Goodwin and Rasiklal.



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Customers hope for windfall, put off selling old gold



Forecasts of a further rise in bullion prices keep Indians away from selling gold.



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Gold soars by Rs 600 in Mumbai's Zaveri Bazar



Meanwhile, retail jewellery sales in India have declined by 50 per cent since gold price started its uptrend nearly two weeks.



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Jewellers give up on machines, go back to handcrafted designs



As the shift from hand-crafted to machine-made ornaments did not serve the purpose, with neither the cost of machine-made jewellery declining nor jewellers finding innovative designs, the industry goes back to ‘hand-crafted’ ornaments for both domestic and overseas buyers, reports Dilip Kumar Jha.



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