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Smaller, more intimate weddings in light of social-distancing and virus-containment measures are taking the place of grand celebrations and alongside this change is a shift in preference for bridal jewellery pieces.
With weddings scaled back and downsized, and people reluctant to travel due to the continued threat of the Covid-19 pandemic, jewellery buyers seem to be gravitating towards quality over quantity.
Gold prices – currently at US$1,930.30 – are affecting demand for gold jewellery, which is a crucial part of Indian and Chinese weddings.
Gold consumption is forecast to hit a 30-year low in 2020 as a result of massive store closures during...
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