|
Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 09/03/2007 : 19:34:22
|
India takes a shine to silver
Mon Sep 3, 2007 3:03PM BST
Email this Article |Print this Article | RSS
[-] Text [+] By Biman Mukherji
NEW DELHI (Reuters) - With two silver rings dangling from each ear and sporting a topaz bracelet that matches a shimmering blue shirt, 33-year-old Ashish Singh saunters into a jewellery shop to pick another bauble for his collection.
A businessman from western India, Singh trawls his favourite retailers every week on the look out for bargains -- but nothing excites him like a new piece of shiny silver.
"I have got a big box of them, but I just love silver," says Singh as he scans the shelves at a south Delhi store.
"And this bracelet, I just had to have it because it's what Salman bhai wears," he adds, an admiring reference to Salman Khan, a macho Bollywood superstar.
He's not alone.
Rapid economic growth over the last few years has created a thriving 60 million-strong urban middle class increasingly willing to splurge for pleasure.
As a result demand for fashion jewellery in affordable silver -- priced as low as $1 and up to $100 (50 pence and up to 50 pounds) --- is rising sharply in a market where purchases were traditionally in gold and for most were an investment as much as a style statement.
Buying gold would set you back ten times as much. Continued... (full text)
You must be logged in to see this link.
****************
Fanaticism is doubling one's efforts, yet forgetting one's purpose.
*********************
Realcent.forumco.com disclosure please read
All posts either by the members, moderators, and the administration of You must be logged in to see this link. are for entertainment purpose only. It is not the intent of realcent.forumco.com to provide investment, medical, legal or tax advice and nothing posted here should be considered to be so.
|
|
India takes a shine to silver.
Forum Locked
