High worth of silver impacts anklet orders for Deepavali this yr, say producers

High worth of silver has hit orders for anklet producers in Salem this Deepavali season.

Salem receives orders for silver anklets from jewelry outlets throughout Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Uttar Pradesh, and Rajasthan throughout pageant seasons. The orders preserve artisans on the over 1,000 silver anklet manufacturing workshops functioning in Salem district, particularly at Ponnammapet, Shevapet, Maniyanoor, Nethimedu, Sivathapuram, Panankadu, Elampillai, Nangavalli, Kondalampatti, Selathampatti, Solampallam, Suramangalam, and Fort busy throughout the season.

However, producers stated that with only a few orders to date this yr, the state of affairs is just like final yr.

Salem Silver Anklet Manufacturers’ Handicraft Welfare Association president C. Sree Anandharajan stated the silver worth had touched ₹2 lakh a kg. Coupled with GST points, the jewellers had been neither giving the orders early or maintaining shares. Usually the producers would get the orders not less than a month earlier than Deepavali. However, this yr only some orders had been positioned. Due to this, over 50,000 employees concerned in anklet manufacturing didn’t have sufficient work. Customers are ready for the silver costs to fall, he stated.

While small outlets offered 50 to 100 grams of silver anklets a day, the larger ones offered one kg to 1.5 kg of anklets a day now, Mr. Anandharajan stated. The orders had been primarily from Karnataka this yr and never from the opposite southern States, he added.