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Gold business in Thrissur

The Gold business in Thrissur is a major revenue earner for the economy of Kerala, India. About 500000 kg of gold jewellery is manufactured every year in state, the majority of which is done in Thrissur, making the city a hub of gold business and gold jewellery manufacturing in Kerala and South India.{{cite news |access-date=2010-12-13

History

Muziris, as shown in the Tabula Peutingeriana, with a "Templum Augusti".

Thrissur's destiny with gold started a long way back with Roman and Arab traders in the lost port city of Muziris in Kodungallur. The bad days of goldsmiths started when Economic liberalisation in India began in 1990's. The repeal of the Gold Control Act, introduction of provisions relating to gold in the Foreign Exchange Regulation Act, 1973, and the grant of permission to Non-Resident Indians (NRIs) to bring in up to 5 kg, subsequently raised to 10 kg of gold on payment of a small duty in foreign exchange. This was the last nail in the coffin of the goldsmiths.

The de-regulated gold sector offered a huge opportunity for businesspersons from Thrissur and India. Some of the goldsmiths turned into businessman and later into wholesale dealers of gold jewellery. But the sector was lacking from employment problem. Most of the traditional goldsmith families next generation opted out from this old profession. Thus it attracted unskilled workers which in turn ran most of the jewellery business in Kerala now. But that change was short-lived. Craftsmen from West Bengal and Orissa were the main attraction in 2000 because of their skills.{{cite web |access-date = 2010-12-13 |archive-url = https://web.archive.org/web/20110711170642/http://hinduonnet.com/fline/fl2305/stories/20060324002404600.htm |archive-date = 11 July 2011 |url-status = usurped |access-date=2010-12-13 |archive-url=https://web.archive.org/web/20121108180137/http://www.hindu.com/2007/03/13/stories/2007031302250300.htm |archive-date=8 November 2012 |url-status=dead

Employment

A showroom of Kalyan Jewellers in Thrissur city. The city is the hub of gold jewellery manufacturing in Kerala

There are around 3,000 gold ornaments manufacturing units in Thrissur city and 40,000-odd artisans and others work in these units.{{cite news |access-date=2010-12-13 |access-date = 2010-12-13 |access-date=2010-12-13 |archive-url=https://web.archive.org/web/20110726145003/http://www.diamonds.net/news/NewsItem.aspx?ArticleID=24176 |archive-date=26 July 2011 |url-status=live |access-date=2010-12-13 |archive-url=https://web.archive.org/web/20111013173037/http://www.hindu.com/2008/10/06/stories/2008100657330200.htm |archive-date=13 October 2011 |url-status=dead

Areas

Majority of the gold ornaments manufacturing units are artisan type located within a radius of 25 km mainly centered at Thrissur, Cherpu, Perinchery, Chevvur, Ammadam, Avinissery, Nallankara, Velur, Amballur, Vallachira, Kizhakkumpattukara and Ollur.{{cite web |access-date=2010-07-13 |url-status=dead |archive-url=https://web.archive.org/web/20100613080439/http://msmefoundation.org/DSR_temp/Diagnostic%20Study%20Report%20of%20Gold%20Ornaments%20Jewellary%20Cluster%20-%20Thrissur.pdf |archive-date=2010-06-13

Gold jewellery manufacturing sector
- Plain gold jewellery
- Studded jewellery
- Silver jewellery
- Costume jewellery
- Pearl jewellery
- Diamond jewellery
Imitation jewellery manufacturing sector
- Copper based
- Brass based
Synthetic gem-cutting and polishing sector

International Gemological Institute

The International Gemological Institute, the world's largest independent laboratory for testing and evaluating gemstones and fine jewellery, has started its first laboratory for South India region in Thrissur. It is also first satellite laboratory of IGI in India. The satellite laboratory has a staff of 15.{{cite news |access-date=2010-10-13 |access-date=2010-10-13 |archive-url=https://web.archive.org/web/20121009183702/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=29846358 |archive-date=9 October 2012 |url-status=dead

Thrissur Gold Ornaments Cluster

Government of India under the cluster development programme of Ministry of Micro, Small and Medium Enterprises, prepared an action plan to build a cluster for gold ornaments in Thrissur in 2005. The consortium has 22 small scale industrial units as members engaged in the manufacture of good quality gold ornaments. It is situated at Nellankara, about 7 kilometres away from Thrissur. The consortia also started common marketing and procurement of raw materials. It also build a common platform in the name and style of Trichur Gold Manufacturers Society. The consortia organise common training programme for artisans and company owners, participation in jewellery shows and other programmes of common interest.{{cite web |access-date=2010-12-13 |archive-url=https://web.archive.org/web/20101019064359/http://msmedithrissur.gov.in/ContentPage.aspx?sid=121 |archive-date=19 October 2010 |url-status=live

References

Info: Wikipedia Source

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