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Cottage industries have also gained immense importance in cities and towns. There is a great demand for hand-woven [carpet]s, embroidered work, brassware, rugs and traditional bangles. These are also considered important export items and are in good demand in international markets.
Total carat weight (t.c.w.) is a phrase used to describe the total mass of diamonds or other gemstone in a piece of jewelry, when more than one gemstone is used. Diamond solitaire earrings, for example, are usually quoted in t.c.w. when placed for sale, indicating the mass of the diamonds in both earrings and not each individual diamond.
Around the world, 8 out of 10 diamonds on the market were cut and polished in Surat. This industry earns India about US$10 billion in annual exports. That declined by about 18% in 2019 due to reduced demand for diamonds. The decline continued in 2020 when the industry closed for some months because of the COVID-19 pandemic in India. [69]
Before buying any old gem, though, keep reading to uncover the 25 most popular gemstones—and their meanings. Agate “Agate is earthy, warm and rich,” Salzer says, noting that it exists in ...
The Urdu Dictionary Board (Urdu: اردو لغت بورڈ, romanized: Urdu Lughat Board) is an academic and literary institution of Pakistan, administered by National History and Literary Heritage Division of the Ministry of Information & Broadcasting. Its objective is to edit and publish a comprehensive dictionary of the Urdu language.
In economics, demand destruction refers to a permanent or sustained decline in the demand for a certain good in response to persistent high prices or limited supply. Because of persistent high prices, consumers may decide that it is not worth purchasing as much of that good, or seek out alternatives as substitutes.
In 1979, Gemstones Corporation of Pakistan was established to develop the gemstones sector in Pakistan, however in 1997 the corporation liquidated. [3] Now a number of organizations are working in this sector including All Pakistan Commercial Exporters Association of Rough & Unpolished Precious and Semi Precious Stones (APCEA) and Pakistan Gems and Jewellery Development Company (PGJDC).
Decline in external demand: For countries with strong export sectors, a decline in demand from major trading partners can trigger a recession. [50] Global spillover effects: Recessions in one part of the world can have spillover effects on other economies due to global interconnectedness.