{"id":248505,"date":"2010-01-29T14:35:00","date_gmt":"2010-01-29T19:35:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/modern-indian-women-ditching-heavy-gold-chains-for-diamonds-2010-1"},"modified":"2010-01-29T14:35:00","modified_gmt":"2010-01-29T19:35:00","slug":"indias-enormous-gold-market-slammed-as-modern-women-discover-that-heavy-gold-chains-are-gaudy","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/248505","title":{"rendered":"India&#8217;s Enormous Gold Market Slammed As Modern Women Discover That Heavy Gold Chains Are Gaudy"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4aefffb00000000000d6ada3\/india-woman-gold.jpg\" border=\"0\" alt=\"india woman gold\" \/><\/p>\n<p>Indians have traditionally been one of the largest sources of gold jewelry demand.<\/p>\n<p>Now that&#8217;s changing, both due to high gold prices and a cultural shift away from the heavy gold chains of the past.<\/p>\n<p>Increasingly, it appears women now opt for workmanship over weight when choosing their jewelry made from gold &#8212; and increasingly diamonds.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.dnaindia.com\/money\/report_kerala-women-preferring-trendy-diamond-jewellery_1340142\">DNA:<\/a> There is increasing demand for diamond jewellery since the last three years, says S Sanathana Pai, managing director of 135-year-old A Geeri Pai Jewellers at the nearby Broadway, a well known firm in Kerala, which showcases gold and diamond jewels.<\/p>\n<p style=\"padding-left: 30px;\">&#8220;Working women and IT professionals are not into heavy gold ornaments, which can be mostly worn only during weddings and cannot be used regularly,&#8221; he told PTI.<\/p>\n<p style=\"padding-left: 30px;\">However, even now, there are regular sales for traditional jewellery like &#8216;Palakka&#8217; and &#8216;Nagapada&#8217;, he said.<\/p>\n<p style=\"padding-left: 30px;\">Kerala women used to wear heavy gold ornaments, but demand for 10 to 15 sovereign gold necklaces has come down, and women now prefer light-weight jewellery in gold and diamonds, he said.<\/p>\n<p style=\"padding-left: 30px;\">According to PP Sunny, CEO Sunny Diamonds, gold jewellery sales have gone down by 10-30% throughout the state, with interest in diamonds picking up from Kozhikode to Thiruvananthapuram.<\/p>\n<p>One wonders if Indian gold demand will ever be what it once was, and what gold price would be required for this to happen if it ever does.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/modern-indian-women-ditching-heavy-gold-chains-for-diamonds-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-omg-will-someone-please-grab-carol-bartz-by-the-lapels-and-tell-her-how-annoying-these-yahoo-front-page-popups-are-2010-1\">Can Someone PLEASE Tell Carol Bartz To Get Rid Of These Infuriating Yahoo Front-Page Popups?<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/gold-prices-have-defied-supply-and-demand-2009-11\">With Gold Completely Out Of Whack, Silver Looks Better By The Day<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/soros-buy-bubbles-china-dollar-2010-1\">Soros: When I See Bubbles, I Buy Them<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/yrGrUMs7Wgw\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indians have traditionally been one of the largest sources of gold jewelry demand. Now that&#8217;s changing, both due to high gold prices and a cultural shift away from the heavy gold chains of the past. Increasingly, it appears women now opt for workmanship over weight when choosing their jewelry made from gold &#8212; and increasingly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-248505","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/248505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=248505"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/248505\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=248505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=248505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=248505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}