Gold jewellery export to rise by 500%
Posted on: 31/Jul/2015 12:41:42 PM
World Gold Council has informed that gold jewellery export will increase by 500% by the year 2020 and will be worth US $ 4000 Crores.
India is one of the leading consumers of gold jewellery. There are about 4 Lakh gold jewellery traders in various cities all over India. Most of these shop owners have obtained `Hallmark` quality certificate.
World Gold Council’s India Chief, Mr. P. R. Somasundaram has mentioned that the council is in the process of analysing India`s gold quality systems and procedure.
Based on encouragement from the government, more centres with high quality products may be opened.
Rajesh Exports has informed that there are prospects for gold jewellery export worth US $ 4000 Crores.
