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India: Platinum Jewelry and Gold Jewelry Sales Up in 2021

The platinum business resurged in the second half of the year
Platinum Rings
Credit: Marko Poplasen / shutterstock.com

According to Platinum Jewellery Business Review Q4 2021, quoted by Rough & Polished, “key strategic retailers” of platinum jewelry in India “saw a robust growth of 35-40% in sales volume as compared to Q4 2020.

 

India wedding diamond ring
Credit: Sukpaiboonwat / shutterstock.com

 

Vaishali Banerjee, Managing Director, Platinum Guild International in India said: “2021 was the year of resilience. Despite the severity of the second wave of COVID, the platinum business resurged in the second half of the year. The positive market sentiments together with the strong marketing programmes by both PGI and our strategic partners led to this significant surge in demand for platinum jewelry in Q4 2021.”

 

Gold Jewelry India
Credit: NadyaRa / shutterstock.com

 

In other India-related news, exports of gold jewelry grew 50% year-on-year to $8807.50 million in 2021, according to another report in Rough & Polished.



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