Posts from — February 2008
If there is something that you can’t miss during a journey through Malluland,they are the hoardings with pretty models wearing jewelry,so much of it that you feel that the weight of gold would pull the hoarding down!!!
Kerala is obsessed with the yellow metal, and almost a third of the close to 900 tonnes of annual gold India purchases move into bank lockers in Kerala. (Source Commodity Online)
Weddings to anniversaries, auspicious days to investments, not a big reason is needed to head to a Gold showroom. No wonder Kerala is home to some of Asia’s largest retail chains in gold and jewelry business.
All the brands that have a firm foot hold in the Kerala market are local brands be it an Alukkas,Alappat,Chemmanur,Josco, Bhima, Giripai,Kalyan or the latest Malabar Gold.
Entry of Kirtilal Kalidas (2003) or a chic and sleek Tanishq has not much affected the jewellry market which still has a strong appetite for traditional designs. A Tanishq would hardly end up being the place for a wedding purchase not only for the cost but for the style and design.
Malayalee’s love for gold can be traced back to the kings who amassed jewelry and then the socialist Malayalee’s capitalistic pursuits to the middle east brought in more money and more gold. The market thrived. No wonder all the Kerala jewellers have a massive presence in the middle east to cater to the gold thirsty Mallu.
No wonder, 916 and Hallmark, these would be the words that every Malayalee will continue to have at the tip of their tongues.
As long as Malayalees live on this planet, as long as Malayalees get married, as long as expat money flows in…gold will rule Kerala.
* The title has been used elsewhere before and is NOT original
Images-Sourced from Flickr and Alukkas website respectively. All image rights with the respective owners.
February 15, 2008 9 Comments