June 23, 2024


Profitable business

Gem and gold jewellery orders worth Rs 30,000 crore booked

3 min read
IIJS Signature Exhibition Gets Orders Worth Rs 30 000 Cr - BW Businessworld

If you are interested in gold, gold jewellery, and investments, then you need to know other countries’ gold news as well. This is the only way that you can be sure to know if it is worth getting cash for gold. Gold is getting more popular, and you can start selling your gold now, at the best possible price. This is because of the interesting news from India about Gem and gold jewellery orders made with the value of RS30,000. These orders were done with the UAE and Australia.

A very successful IIJS signature 2023 for India

The latest IIJS signature 2023 was a total of five days and there India booked gems and jewellery worth more than RS30,000 crore. This is an estimate that was done by the Gem and Jewellery Export promotion council or also known as GJEPC.  They didn’t expect this type of outcome, because of global headwinds and financial problems. However, most international buyers have shown interest in Indian gems and jewellery.

The latest statistics show that the total gross export of gold jewellery in India grew by 21,31%. It is an estimate of US$287,46 million. The prediction is that during 2024 the export of gold jewellery from India will increase as well. The reason why India is so successful with their gems and gold jewellery is its high production of gold. And, they have sold fascinating jewellery.

What does it mean for you as an Indian jewellery owner?

This means a couple of things for you when you are selling your gold. If you have gold Indian jewellery, you will be able to get higher prices for it, because this is high in demand. This is one of the reasons why many people are buying jewellery when they are visiting India.

You don’t have to worry that you will struggle to sell your Indian gold jewellery to gold buyer’s stores. They love these pieces and you will get even higher prices for them. You need to make sure about a couple of things when you are going to sell your Indian pieces:

  • The type of gold the pieces are made of
  • The weight of the gold
  • The purity of the gold pieces

If it is real gold, any gold buyer store will love buying these pieces. They are popular, in demand, and normally made from good quality gold. You might be surprised at how much of your jewellery might be made in India, even if you didn’t purchase it there.

You might be surprised at how many people are getting cash for gold when they have Indian gold jewellery. During the IIJS signature 2023, there was an order for gems and gold jewellery of a value of more than RS30,000. This was a deal between India, Australia, and the UAE. Statistics show that the export of Gold from India has increased and the value of gold is increased as well. Making it a great time to sell your Indian jewellery to get cash for gold. There are many gold buyer stores where you can visit to sell your gold, while the price of gold is increasing.

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