Mr Saiyam Mehra, Chairman of All India Gem and Jewellery Domestic Council (GJC).
The 2023 Akshaya Tritiya was exceptional for jewellery retailers and consumers. Despite high prices, the enthusiasm seen among gold buyers was unimaginable. Initial indications point to a increase in overall jewellery sales volume this year. However, jewellery sales are estimated to have increased by over 40% in terms of number of pieces this year. We saw a great demand for lightweight jewellery as consumers preferred to celebrate Akshaya Tritiya without having too much of a burden on their pockets. High prices this season could not affect overall demand sentiment this year,” said Mr Saiyam Mehra, Chairman of All India Gem and Jewellery Domestic Council (GJC).
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