00:00So definitely its impact on the industry, because 80% of the oil industry was being exported in the US market.
00:07So definitely its long term solution is very important.
00:12But in the short term, oil industry is looking at various mechanisms of exporters to semi-process in India
00:19In some countries, in which the US has a good tax rate, 0% duty or less, they will be able to export the US.
00:29But it is not a long term solution.
00:31Maybe they are also looking at different markets, such as Indian communities, like Middle East, Europe, UK, South East Asia
00:42They are focused on the US, because the US was getting very easy to export orders
00:47But now the manufacturers are exploring these new geographies to export
00:52So it is opening a new market
00:54Many people are investing, buying and buying in an affordable range
01:00But the gold industry also has a new solution
01:04Today the gold has come to 9 karat
01:06We are talking about 22, 18, 14 karat
01:09Even Tanishka has got into 9 karat manufacturing, is what I understand
01:13So I think we are also trying to become as an industry
01:18To give affordable designs for this new range of customers
01:23Who want to buy jewellery, but at a different price point
01:27We are retaining new asset class, we are retaining new asset class
01:30We are giving new products, new designs
01:32Because as much as the gold and metal content
01:36It can be new creative designs
01:38So there will be a new designer jewellery
01:40And the main thing is that 9 karat has come to 9 karat certification
01:43So the buyer has also an assurance that it is a certified jewellery
01:46So it is also hallmarking
01:489 karat jewellery
01:49So it is also hallmarking
01:50Is it certified?
01:52Is it certified?
01:53Or will you get permission to get permission?
01:55No, it is
01:56It is now a certification
01:57So maybe in the next few months
01:59I think this is a certification
02:00I think it is a certification
02:01Because it is now a new one
02:02Because it is now a new one
02:03Introduced 9 karat jewellery in the market
02:04So it was not a new one
02:05So it is now a new one
02:06It is now introduced
02:07So it is now a new one
02:08To start the certification
02:09In the next 3 to 6 months
02:10It will be set the process
02:11In this one
02:12It is now a new one
02:13The biggest exhibition
02:14We have started with Jwellery
02:15This is only 500 exhibitors
02:16So it has been 600 exhibitors
02:18This is the entire country
02:21It has been a few exhibitors
02:22And they all are manufactured
02:23This is a B2B fair
02:25In which it was manufactured
02:27And dealers, distributors, retailers
02:29And exporters
02:30They have sold their designs
02:32So this is perfectly times-sure
02:34Because now
02:35In Pitru Paksh
02:36There is not retail buying
02:37We have always been positioned for 13 years
02:40where retailers also have time for retail buying
02:44so they visit all these shows
02:47now there is a festive season, Diwali, Navratra
02:50where there is buying and wedding season
02:53so these manufacturers are designed for this show
02:58I would say there are more than 10,000 designs of jewelry
03:02because there are so many jewelry pieces right from earrings to necklaces to bangles to what all
03:09there are so many different designs available on this show case
03:12you can see gold, diamond, silver, gemstones
03:17so there are different kinds of designs
03:19to make 9 carats of jewelry
03:24so that people and people can buy jewelry
03:27for ETB Bharat, I am Dhananjay Barma
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