Jewellers see just 10% of pre-Covid sales as lockdown hits sentiment ...Middle East

Business Standard - Economy

For the second straight year, the gems and jewellery industry is set for almost a washout of business on Akshaya Tritiya as only about 10 per cent of pre-COVID sales of 2019 are expected on Friday amid the raging pandemic sapping footfalls and purchasing power of people. In a normal year, the industry does business of 25-30 tonnes on Akshaya Tritiya, but this year, it expects a maximum of 3-4 tonnes of sales as offline sales have been badly impacted. Some organised players like Kalyan Jewellers did online bookings of gold which will be physically delivered later. "The second wave of the pandemic is turning out to be much worse than last year with huge loss of life across the country. This ha

Hence then, the article about jewellers see just 10 of pre covid sales as lockdown hits sentiment was published today ( Friday 14/05/2021 - 08:00 PM ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Jewellers see just 10% of pre-Covid sales as lockdown hits sentiment )

Last updated : 14 May 2021 clock 08:00 PM

Also on site :

Jewellers see just 10% of pre-Covid sales as lockdown hits sentiment ...Middle East

AuxoAI Partners with Google Cloud to Drive Enterprise AI Transformation

Northwestern Mutual Announces $150 Million Venture Capital Commitment to Accelerate Fintech Innovation

Elon Musk Boosts New Yorker’s Sam Altman Exposé on X as Trial Begins

LendingClub Launches Home Improvement Financing; Begins Underwriting and Originating Loans Through Inaugural Partnership with Wisetack

Saudi Awwal Bank signs agreement with Environment Fund to provide credit facilities

Is Reality Finally Catching Up With Financial Markets?

Mistral Inc. Awarded U.S. Army Contract to Provide THOR Group 2 UAS Systems in Support of Company-Level Small UAS Needs

Optikos Joins the Artemis Portfolio to Accelerate Optical Engineering Expansion

Nuclear Fusion’s Funding Rush Comes With a Catch

World Financial Group Names Steven Webster as Chief Operating Officer

Germany Signals Major Allied Rupture Over U.S. Iran War

Consumer Cellular Announces Appointment of Kannan Alagappan as Chief Information Officer

Volkswagen, Nissan Lean On Chinese Partners To Compete Globally

First came the shooting. Then, the conspiracy theories.

All banks to make major account closure changes under Labour rules