The early Italians worked in crude gold and created clasps, necklaces, earrings, and bracelets. The gems and jewelry business in India is certainly one of the largest contributors to the worldwide jewellery & diamond market and occupies a very important place in the Indian economic system. Gold performs a serious function within the country’s culture and is taken into account to be a symbol of wealth & status, a store of value and a vital part of many events. Gold, rather than being an ornament, is taken into account as a celebration throughout the nation; in the North, Baisakhi and Karva Chauth, within the East, Durga Puja, in the West, it’s Gudi Pavda and within the South, Akshaya Tritiya. Approximately 50 per cent of the annual gold demand is generated by Indian weddings. The contribution of India to the worldwide jewellery consumption is around 29 per cent.
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