Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
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JEWELLERY FABRICATORS<br />
JEWELLERY WHOLESALERS<br />
Since 1990, wholesalers have become increasingly important. They are now supplying 30% or more<br />
(sometimes 60%) of the stock of many large urban retailers.<br />
Most retailers rely on them to provide machine-made chains from Mumbai and elsewhere, as well as handmade items made<br />
locally or from a variety of fabrication centres.<br />
The wholesaling category cannot be clearly separated as many fabricators act as their own wholesalers, many also acting<br />
as retailers, and many wholesalers also own fabrication units.<br />
Anecdotal evidence suggests that there are many large wholesalers selling 50 kg or more each month, operating alongside<br />
thousands of smaller wholesalers, sub-wholesalers and commission agents.<br />
Most are reported to service retailers only within their locality or State, but many act regionally and nationally, if located<br />
within a major fabrication centre.<br />
A typical large wholesaler is reported as having between 10 and 50 large clients, although it can run to many more if they<br />
focus on smaller clients. Its staff would often be less than 10 people.<br />
Many offer a partial credit facility, some offer consignment stocks. The inventory of a large wholesaler can be substantial,<br />
especially if they fabricate jewellery on a speculative basis. Inventories of 50 kg and more are not uncommon.<br />
The wholesaling of jewellery nationwide has been stimulated since banks were authorised to import and sell gold<br />
throughout the country. Large retailers are now able to buy gold from bullion dealers nationwide for collection by the<br />
wholesaler. This service has reduced the need to hand carry gold to major fabrication centres.<br />
Most jewellery is fabricated by goldsmiths in small units of less than 20 workers.<br />
AN INTRODUCTION TO THE INDIAN GOLD MARKET 105