India's Small Jewelers Embrace Online Sales

By John Jeffay / December 28, 2020 / www.idexonline.com / Article Link

(IDEX Online) - Small jewelry businesses in India say online sales have more than quadrupled since the pandemic struck.The balance has tipped in favor of e-commerce, with digital revenue now exceeding bricks and mortar sales for some enterprises, according to research by the Mumbai-based Crisil ratings agency.The swing is most marked at the lower end of the market, among non-precious, stone-studded, imitation, and luxury fashion jewelry, where online sales have rocketed from13 per cent to 55 per cent.Gems and jewelry, together with textiles, showed the biggest moves to online from a wide range of sectors surveyed.Six out of 10 of the 566 businesses surveyed last month said digital selling had helped them weather pandemic-induced stress.

Recent News

Thor Explorations continues to lead TSXV global gold producers

June 02, 2025 / www.canadianminingreport.com

Gold stocks rise with juniors outperforming majors

June 02, 2025 / www.canadianminingreport.com

Gold Becomes Largest Metals Market

May 26, 2025 / www.canadianminingreport.com

Gold stocks surge on metal gain, Amex boosts Perron resource

May 26, 2025 / www.canadianminingreport.com

Global trade tensions ease and inflation continues to decline

May 19, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok