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Branded gold jewellery: Tier II Tier III towns in India to drive growth’

CommodityOnline | July 19, 2011 | 10:31 am Precious Metals Asia Europe Diamond Gold

India based credit rating agency CRISIL believes that Tier-II and Tier-III towns in India will drive growth for the branded Gold jewellery retailers over the medium term. Around two-thirds of the new outlets that these retailers set up over the medium term will be in such small towns.