Higher prices are driving more Indians to reuse their gold, and while consumers are purchasing for weddings, total demand is relatively subdued. The drop in consumption of plain gold jewellery has impacted the manufacturers of plain gold jewellery from Tamil Nadu, Kolkata and Delhi. Muthu Venkatraman stated that the orders for plain gold jewellery have trickled down post the surge in gold prices. India’s gems and jewellery exports fell by 11.49% in October, reaching Rs 22,873.19 crore. Cut and Polished Diamonds exports fell by 32.70% to Rs 10,495.06 crore, whereas polished Lab Grown Diamonds exports dropped by 23.01% to Rs …