Friday, 05 June 2026

 

 

LATEST NEWS Karnataka govt collecting beneficiary data to check misuse of guarantee schemes says D.K. Shivakumar New Job-oriented courses to be introduced in government Polytechnics institutes across the state says Mahipal Dhanda NE witnessed historic transformation under PM Modi says Pema Khandu Indonesia Open : PV Sindhu, Ayush Shetty lose as India's singles campaign ends Every Section of Society Must Contribute to the Eradication of Drugs says Aman Arora CS Atal Dulloo reviews impediments, steers measures to accelerate solarisation across J&K Haryana Accelerates Massive Deregulation Drive to Simplify Compliance and Boost Ease of Doing Business Prof. Ashim Kumar Ghosh calls upon youth to become job creators and contribute to Viksit Bharat CM Omar Abdullah meets delegations, discusses housing, urban infrastructure and connectivity projects State Government taking all steps to equip government hospitals with ultra-modern facilities says Arti Singh Rao CM Omar Abdullah hands over disbursal letters worth ₹1.12 crore to 6 beneficiaries under Mission YUVA in Srinagar Harpal Singh Cheema Meets Employee Unions Manoj Sinha Attends 'Rishiwar' Inter-Faith Conference 2026 in Srinagar Manoj Bajpayee explains why Gen Z should watch his upcoming biopic Sarbananda Sonowal Meets Suvendu Adhikari in Kolkata Cabinet sub-committee reviews implementation of decision taken in state Cabinet meeting Jagat Singh Negi presides over Cabinet sub-committee meeting India, UK Launch Critical Minerals Supply Chain Observatory Gaurav Gautam hands over appointment letters to 23 Outstanding Haryana Athletes as Senior and Junior Coaches Major Terror Conspiracy Foiled In Punjab District Governor Ravi Prakash Pays Official Visit to Rotary Club Ropar Central

 

Jewellery industry needs digital strategies for post-Covid growth: Report

Web Admin

Web Admin

5 Dariya News

New Delhi , 16 Jul 2020

Last updated on: Jul 16, 2020, 00:00 IST

The jewellery industry which is going through a slowdown in consumption demand amid the pandemic would require digital strategies for its growth post the Covid-19 crisis, according to a report by the World Gold Council.The report noted that although the online gold market is still in its nascent stage in India, digital and social activity plays a key role in the purchase journey."In urban India, consumers browse online/mobile apps pre-purchase and use online blogs and social media for ideas and inspiration. Mobile apps/wallets are playing a key role in the growth of Internet Investment Gold," it said.COVID-19 has caused retailers in India to re-evaluate their brick and mortar business model and implement an enhanced digital strategy, said the report on the online gold market in India, adding that successful retailers embrace an omni-channel strategy to boost online sales."There is a real opportunity for growth in India's online gold market if it can improve the end-to-end gold jewellery purchase journey and thus establish the 'loyalty loop'. To drive market growth post COVID-19 the industry needs digital strategies that will ensure gold jewellery reaches more consumers at the consideration stage of their purchase journey and reaches them more often," it said.The WGC report noted that the outbreak of COVID-19 and consequent closure of stores from mid-March caused jewellery sales to collapse.With stores closed, retailers such as major jewellery brands rolled out various incentives and offers in April, such as providing opportunities to lock in prices, discounts on the gold rate, gold ownership certificates or gold vouchers, and exchange of gold coins for jewellery via their e-commerce websites during Akshaya Tritiya, it said."Even so, online sales volumes were nowhere near the same period in 2019. COVID-19 has forced jewellery retailers to reconsider their brick and mortar business model and implement digital as a core strategy,a the report said.This focus on digital will be key to a successful growth post COVID-19, but more importantly the seamless integration of offline and online channels will play a crucial role in driving sales, it added.

 

Tags: Khas Khabar , New Delhi , World Gold Council , Gold

 

 

related news

 

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2026 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD