rubies
Nov 21, 2006, 7:30 GMT found at news.monstersandcritics.com
New Delhi, Nov 21 (IANS) Ravishing red Burmese rubies, dazzling diamonds
and many other precious and semi-precious gemstones are making the crowds go
crazy at the India International Trade Fair (IITF) at Pragati Maidan complex
here.
Tens of thousands of treasure hunters and jewellery connoisseurs are
heading towards the sprawling Hall Number 12 where exhibitors from Myanmar
have displayed an exquisite range of necklaces, bracelets, rings, earrings and
other such items.
Crowds going gaga over Burmese rubies at trade fair
'I have come here to buy a necklace for my wedding but the price is too
high. So I have bought my engagement ring for Rs.25,000 (around $550) and the
best part is I have been able to bargain as well,' said Nidhi Mehra, a
bride-to-be.
When I visited their stall last year, I decided to buy something from here
for my wedding, as they stand out from the typical Indian designs,' Mehra told
IANS.
But some exhibitors who have been coming to the trade fair for some years
are not too happy with the response this time.
'Business is very slow this year as the price of gold has shot up, which
people don't understand,' said U. Kywe Htay of Ar Yon Oo Jewellery of Yangon,
adding that he is also not happy with the space allotted to his stall.
'I have been to many such international exhibitions in China, the
Philippines and Indonesia. But nowhere have I found out such bureaucracy to
get even simple things done.'
But given the fact that this is a fortnight-long fair, which closes Nov 27,
and the kind of customers, trade delegates, business officials coming in,
these traders are hoping that business might pick up.
Agrees Aung Win Naing of Naing Jewellery of Yangon, who believes people
first come to study the market and then buy.
'Indians are very sceptic in what they buy. They rely on guaranty. Maybe,
we will see good business in the next few days.'
However, both Naing and Htay did not seem much keen on exporting jewellery
even though the demand for Burmese rubies is high.
'We only participate in fairs. We do not really study the market from the
export point of view. Moreover, issues like these needs consensus between both
the countries,' Naing stated.
These Myanmar traders are also discontented over the fact that the buyers
are questioning the quality and genuineness of the stones and most of the
buyers are coming for window-shopping.
'People here don't even know ruby's colour. In 80 percent of the cases,
they mix it up with emeralds. How can they question the genuineness of
something which is world famous?' questioned Htay.
© 2006 Indo-Asian News Service
Diamonds
continue to sparkle despite all the global gloom | diamond
traders | houston diamond exchange
| World Diamond Council | Diamonds
news on Facebook ( thanks for the Like ) | Antwerp
diamonds history
