Jewellers Seek Relief Amidst Election Constraints

Amidst the rigidity imposed by the Model Code of Conduct during elections, jewellers’ associations in Chennai appeal to the Chief Electoral Officer for leniency in transporting precious metals. With footfall dwindling in jewellery shops and sales plummeting by 50%, concerns over economic strain loom large. Spiraling gold prices exacerbate the situation, prompting urgent pleas for streamlined regulations.

The Jewellers and Diamond Traders’ Association-Madras submits a memorandum, emphasizing the need for sensitizing surveillance teams on the challenges faced. Meanwhile, the Chennai Jewellers’ Association echoes similar sentiments, highlighting the impact of global market shifts and customs duties on price hikes. The plight extends to goldsmiths as well, facing a drastic decline in orders amidst financial uncertainties.