Jaipur . 2007-04-07
Globalization affects production in Jaipur
Peridot from China is entering Jaipur market.
Peridot from China is entering Jaipur market. Material offered range from 1 to 3 carats. These well cut stones of Chinese, Brazilian and possibly North America origin, are sold at discounted price due to the difference in labor prices between India and China.
Even with a lower yield from rough in Chinese factories, prices are still so attractive that now 75% of the peridot sold in Jaipur is of China origin.
The only way for Indian cutters to survive is to switch their production to more expensive material but more expensive means cash availability and nowadays factory owners prefer to invest in real estate rather than upgrading their production...
Source : Roger Pingley
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