India Ratings and Research Study Expects 25% Decline in Jewellery Revenue in FY 2020-21 Due to COVID-19 Impact
As per the study by India Ratings and Research (Ind-Ra) to assess effect of lockdown on retail jewellery sector -- it said the effect was 'dampening'
Ind-Ra Sees Jewellery Sales Declining 25 pc in FY21
According to the recent Ind-Ra report -- Jewellery demand was slow since the beginning of 2020. Gold jewellery demand had already slowed down in FY20 in terms of tonnage and revenue due to the economic slowdown
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