Consumers might have been spurred on by the closure of the enduring Argyle Mine in Western Australia, the world’s premier source of pink diamonds, in November. Sales reviews indicate Australian customers have embraced jewellery spending over the past four months, with diamond-set pieces the leading product category. Zoya entered the state of Gujarat by opening its first store at Palladium mall, Ahmedabad during the quarter. With this enlargement, the niche luxurious jewellery model is now current in eight stores spread throughout the cities of Mumbai, New Delhi, Bengaluru, Gurgaon, Hyderabad, and Ahmedabad. Ltd., India’s main jewelry retailer with a 7% market share, recorded a 19% rise in total jewelry gross sales to Rs.eight,575 crores ($1.03 billion) for the Q2 FY24 that ended on 30th September 2023 owing to strong demand for high-ticket items.
Jeweller’s six-month investigation into the jewelry industry is the most exhaustive and comprehensive examine ever undertaken. The …

