Demonetisation has halted the jewellery
industry. But we have to go through this phase as we also have a
parallel economy to take care off. For next 6 months the jewellery sales
are going to be under pressure. Today on daily basis the business is
only 5 to 10 per cent. It is definitely a positive move for the industry
but it will take some time. As people have lost faith in the currency,
with whatever money they have, they will invest in gold.-
N Anathpadmanabhan , MD, NAC jeweller
N Anathpadmanabhan , MD, NAC jeweller
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