The pandemic has forced many families to postpone their weddings, but from this Navratra, the wedding season will finally begin. From the look of it, it is going to be an extended one, which may go on till March next year. This augurs well for the G &J industry, as demand for bridal jewellery will shoot up. Says Dhruv Talwar, Talwarsons Jewellers, Chandigarh, “We are very positive about this season. We cannot compare it to the pre-pandemic days, but, surely, we see some positive demand in the near future. Demand for diamond jewellery depends on the season – at present, more bread and butter kind of stuff is in demand – pendant sets, rings, bracelets, bangles --basically, everyday-wear stuff is moving fast.”
((of status in North))
In the North, people like to showcase
their wealth – and so, elaborate
jewellery is in demand. But nowadays,
people are going for lesser gold weight
and smaller diamonds and designs, which appear big. They want large sets
at a lower cost. The overall preference
in the entire North region -- Delhi,
NCR, Punjab and Haryana – is for
heavy-looking jewellery.
Every client has a different mindset – the salaried class goes for classy stuff that can be worn on multiple occasions. In engagement rings – round can never go out fashion, most of the demand is for round diamonds. Emerald shapes are also doing well, informs Talwar. There is no average ticket size when it comes to buying diamond jewellery for the bride -- from Rs 5 lakh to Rs 50 lakh, people will spend anything. “For their wedding day, brides prefer uncut diamonds, and for the reception and other rituals, they go in cut and polished diamond sets. The bride will wear a heavy jadau set, and the bride’s mother will wear long chains with diamonds or jadau. The sister may go in for slimmer sets, which may look similar to what the bride is wearing, but are much smaller in appearance,” adds Talwar.
Rs 10-30 lakh ticket size is the sweet spot in South
In South India, people prefer temple jewellery and jadau, and some may go in for traditional cut and polished diamond jewellery sets. Says Jithendra Vummidi, Vummidi Bangaru Jewellers (VBJ), “Demand for bridal jewellery is very good. All varieties need to be stocked up. Engagement rings are fastmoving – people prefer mostly round diamonds. For the wedding day, some families prefer jadau and some go in for cut and polished diamond sets. As celebrations are smaller, families have more funds available for buying jewellery.”
Based upon a family’s budget for bridal jewellery, people spend anywhere from Rs 5 lakh to Rs 80 lakh on diamond jewellery. In South India, engagement rings in round diamonds, like solitaires, or those band rings, are fast-moving. Diamond sets are selling well – and many buyers are going in for jadau, while some prefer polished and cut diamonds.
Salaried customers prefer jewellery which can be worn on multiple occasions, while the higher income groups are seen to prefer exclusive wedding jewellery. Vummidi says, “The majority of buyers go in for bridal jewellery worth Rs 10 lakh to Rs 30 lakh. The number of buyers who buy jewellery worth crores of rupees is small.”
In Tamil Nadu and surrounding areas, jadau and heavy uncut diamond jewellery has lesser demand, with the bright shine of the diamond being important for many buyers. The common price range for diamond jewellery for weddings begins at around Rs 5 lakh and may go up to Rs 50 lakh.
Diamond jhumkas a rage in
South
Another trend that is catching on in
the diamond jewellery segment is
lightweight, fancy chokers.When the
number of people attending weddings
is more, the family of the bride and the
groom loves to flaunt high-end diamond
jewellery.
“People like to buy cocktail, round, marquise and baguette sets in diamond rings. In South of India, the typical seven diamond earring studs are preferred. For weddings, however, brides prefer heavy looking earrings – chandbaalis, jhumkis of higher carat size. Those in three- to seven-carat diamonds are in great demand,” explains Shrenik Nahar, J J Diamond Mart, Chennai. When it comes to wedding rings, solitaires, cocktail rings, and wedding bands with studded diamonds are in great demand.
The Hollywood influence
Interestingly, Hollywood has had an
influence on the kind of diamond
jewellery brides want nowadays. They
no longer prefer round shapes. Rather,
they go for Asscher, emerald cut, heart
shape,and so forth. Since these shapes
are cheaper than rounds, brides opt for
these and go for bigger sizes.
According to Siddharth Kabra of K K Jewels, “Price points depend on the family’s budget. As we cater to the high-end clientele, the budget is never a big question. Clients want exclusive pieces. But post pandemic, as other expenses related to weddings have come down, parents are sparing more on jewellery.
Brides prefer chokers with big diamonds, or lines with a variety of fancy shapes of diamonds. Highend jewellery brands, such as Harry Winston, Van Cleef, etc, inspire Indian brides to buy jewellery with big diamonds for their bridal trousseau. So desi brides are emulating Western trends for their wedding day look. On their part, retailers are sprucing up their inventory to match the demand of high-end jewellery buyers. Exclusivity, design and tradition amalgamate at most trendy Indian weddings these days.
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