Mr. Colin Shah, MD, Kama Jewelry
“RBI’s verdict to maintain the repo rate comes as no surprise on the backdrop of uncertain global scenario, mainly the geo-political tensions that has been a constant concern, thereby stressing the need to be vigilant during these times. With FY25 CPI inflation forecast been kept unchanged at 4.5% followed by softness in inflation in Q2 FY25 brings in a mild relief , however, spillover risk will remain a pressure point in the second half of FY25.
However, GDP growth projection for FY25 having increased to 7.2% from the earlier 7% showcases and infuses a belief that the country’s growth story will continue to remain robust, thereby strengthening the disposable income and purchasing power of the buyers. But, with current global economic instability, a muted growth in trade activities of gems and jewellery could be seen until the scenario gains stability.”
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
