Jewellery, gold demand to fall by 30% in 2020: ICC
10 Apr 2020 10:00:34
THE gems and jewellery industry, which contributes 7 per cent to the GDP, has come to a complete standstill and the demand is expected to fall by 30 per cent mainly driven by the nationwide lockdown imposed to curtail the spread of new coronavirus, according to an industry body. The jewellery industry is predominantly wedding driven, however, due to coronavirus such events have been cancelled and wedding shopping has come to a halt, the Indian Chamber of Commerce (ICC) said.