Industry & Economy
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Gems & Jewellery
2 Italian jewellers to set up shop here
Our Bureau
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Positive response received during jewellery show prompts them to establish presence in India
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Mumbai, June 14
Two Italian jewellery companies will be setting up shop in the Indian market, according to Mr Vittorio Mecozzi, Italian Trade Commissioner. He said: "Due to a positive response received from the Indian Jewellery market after IIJS 2006, Rossana Oro Fashion and Consorzio Oro Italia are in the process of establishing their presence in India." Rossana Oro Fashion has plans to unveil its Venetian glass, gold and silver jewellery collection. Consorzio Oro Italia, which deals in finished gold (white, black, red, and natural) jewellery, will launch a completely new concept in the Indian market. Apart from this, other Italian companies are also currently in negotiations with major Indian companies in terms of distribution of their machine-made and handcrafted jewellery in India. "With gold prices rising, it is expected that the Indian consumer will move towards 18 k gold jewellery which in absolute terms costs 26 per cent less than 22 k jewellery," he said.
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