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'Automation is Redefining Efficiency and Precision in Jewellery Manufacturing'
Outlook Business
|November 2024
Increasing brand consciousness and awareness among consumers is helping expand the organised jewellery retail industry. MP Ahammed, chairman of Malabar Group, discusses prominent trends in the jewellery industry
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1 RISE OF ORGANISED RETAIL
Banking on growing consumer awareness of quality and purity standards, evolving consumer sensibilities and increasing brandconsciousness, the organised jewellery retail segment continues to increase its market share. Organised retail makes up 36– 38% of the market, according to a report released by Motilal Oswal Financial Services in June 2024.
2 RESPONSIBLE SOURCING
This story is from the November 2024 edition of Outlook Business.
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