Unclarity looms over jewellery Industry
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Saturday,May 16 2020 [ Issue 4 May/ 2020 ]
Unclarity looms over jewellery Industry
Thousands of job workers fleeing to their home towns. Around 40-50 percent of the workforce, especially in the production side are bound to lose their jobs. Diamond companies which once employed over thousands of workers on their shop floors may be forced to lay off people. This is the reality.

The longer the lockdown continues, the harder it will be for the industry to recuperate. The Indian jewellery retailers too are heavily dependent on the manufacturing units in Bombay, Surat and Kolkata. Until these places begin to open up, it’s going to be difficult for the retailers to function smoothly.

This situation offers learning opportunities too. Lessons in managing change, adaptability and adjustments at several levels will see each one through these trying times. Everything will become alright, with time and that is the only solace – at present.

 
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