Gold Jewelers in India are Expecting a Cool Reception in the Short Term

Gold Jewelers in India

Gold Silver Reports (GSR) – Gold Jewelers in India are Expecting a Cool Reception in the Short Term — Joyalukkas Group has put an initial share sale of its jewelry business on hold and will revisit the proposal after national elections next year, Baby George, chief executive officer of the Kerala-based company, said in an interview Thursday. The fraud claims also have seen banks review funding for the gem and jewelry sector, he said. Gold jewelers in India are expecting a cool reception in the short term to any plans to publicly trade shares in the wake of an alleged $2 billion fraud by jewelers Nirav Modi and Mehul Choksi.                

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Gold Jewelers in India are Expecting a Cool Reception in the Short Term via @goldsilverrepor