Mineweb, in its August 30, 2012 article, reports that SA platinum unrest worries Indian jewellers.
Extract :
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The recent labour unrest
in South Africa's platinum belt has got platinum jewellery
retailers in India worried. Jewellery demand is set
to drop off if prices rise significantly, they say.
And, though retailers insist that Indian consumers
would not be swayed by across-the-counter prices going up by 3%, anything
more than that would definitely diminish demand in the country.
On the other side of the coin, the lack of
visibility about what will happen to the industry longer term has retailers
worried that the after-effects could well proceed into 2013. For now, most
are relying on their current stock to temporarily ride over the crisis. But,
there are some that are worried about a supply shortage.
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Read the rest of the article at
Mineweb
