Sharp price increases and price fluctuations are causing gems and jewellery industry stakeholders to be apprehensive about how the Russia-Ukraine war is going to impact the sector. Gold and diamond prices are set to remain at elevated levels throughout 2022, discovers Suneeta Kaul
With the Russia- Ukraine war showing no signs of ending,
gold and diamond prices are going through a phase of extreme volatility even as the gem and jewellery industry, domestically, as well as globally, struggles to make sense of the situation. Major demand drivers are accelerating simultaneously, and both gold and diamonds are expected to rally further. The question is: by how much and for how long?
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