Jewellery sales in the New Year up by 25 percent as compared to last year
Posted on: 02/Jan/2017 2:56:27 PM
The sales of jewellery on the New year Day (1st Jan, 2017) was up by 25 percent as compared to the previous year (1st Jan, 2016). Further, money transaction done through bank debit/credit cards was up by 80 percent as compared to last year’s 15 percent.
There is a general public belief that it would be a good tradition to buy jewellery on the New Year Day as it would ensure prosperity for the family throughout the year.
So, the buyers` crowd for purchases in the jewellery shops was much more than normal.
In Chennai Metro, the jewellery shops in city areas such as T Nagar, Mylapore, Broadway, Purasawalkjam, Tambaram, Adyar, Cathedral Road, Perambur, and Porur.
In this regard, the General Secretary of the Gold and Diamond Traders Association Mr S Santhakumar explained that the crowd started building up in the jewellery shops right from 31st December evening. The crowd level swelled to very high from the early morning on the New Year Day.
The sales was up by 25 percent as compared to the last year.Also, the payment mode through bank credit/debit cards was up phenomenally from 15 percent last year to 80 percent this year.
