May 12, 2021

Dhanteras gold gross sales: This Dhanteras gold gross sales larger by 15-40%: Organised retailer

Mumbai: Two main retail jewellers, every having over two dozen shops pan India, have posted 15-40% larger gross sales by worth this Dhanteras, and certainly one of them has even surpassed final yr’s quantity by 15%.

Aditya Pethe, Director, Waman Hari Pethe Jewellers, attributes the 15% larger gross sales and hitting nearly 90% of final yr’s quantity at Dhanteras to customers combining festive and marriage ceremony demand.

He added that as Dhanteras shopping for set the tone for the remainder of the fiscal, strong gross sales on November 13 have been a sign of “good demand” going ahead.

“The washout within the first half can be made as much as some extent by the gross sales within the remaining 4 months of the fiscal (FY21) and it will assist us put up 60% of FY20 gross sales,” Pethe stated. “The premise of marriage ceremony purchases being mixed with Dhanteras was made due to larger gross sales of heavy weight ornaments , usually used for on such events.”

Clients purchase cash and lightweight weight jewelry on Dhanteras with marriage ceremony purchases taking place a day or two later.

Amit Modak, CEO, PN Gadgil & Sons, claimed 40% larger gross sales and 10-15% extra volumes than on the yr in the past event.

The rationale for quantity development was pent up demand, as each Gudi Padva and Akshay Tritiya shopping for earlier have been nearly completely impacted by the nationwide lockdown.

An “attention-grabbing” aspect this yr have been 80% larger gross sales of diamond jewelry, at PN Gadgil & Sons’ retailers . The rationale for this format couldn’t be ascertained but, however could be in “due course.”