Friday 30 December 2016

#Reader’sResponse: Demonetisation: A huge setback for the jewellery industry

                                                 Disruptions over ban temporary

I enjoyed reading the 'Story of the Month' on the demonetisation drive and agree with many of the comments about its impact on GJ industry. Gold and diamond jewellery demand has shrunk majorly due to demonetisation but we expect consumer getting accustomed to the changes in near future that will eventually revive the industry. Karigars too just like every citizen is suffering from the current crunch in cash flow. The ones who work with us are receiving their wages through account transfer as usual. But as new orders
are not expected any time soon, their workflow will be eventually impacted.

Aditya Pethe
Director, WHP Jewellers, Mumbai

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