In western countries, money and time was invested in developing the latest technology which is why most modern science inventions and discoveries are by individuals from europe and later USA, Canada . On the other hand, indians have a long history of hoarding their money in the form of jewelry which continues till date, and is encouraged by indian intelligence, security agencies.
One of the reasons why the Mughals came from so far to conquer India, were the gold, diamonds, precious stones, jewelry which India was famous for. No one would be interested in a poor country. The maharajahs of India who ruled part of the country before independence were also world famous for their jewelry, owning diamonds, pearl, emerald, jewelry pieces costing millions of dollars.
Though most indians were very poor, instead of helping them improve their condition with science and technology, the maharajahs continue to waste their money purchasing the latest designer jewelry from world famous brands like Cartier, Bulgari, Lalique, Van Clef and Arpels for themselves, their numerous mistresses, wives, cocubines. with a few exceptions, there are almost no countries where so much money is locked up in jewelry.

PC Jeweller was founded by Padam Chand Gupta and is one of the most widely advertised jewelry brands in India
In 2016, they have 61 stores all over India
Most have a 5000 sq ft showroom
They specialize in fashionable,light jewelry
They have introduced the Flexia wedding jewelry which can be converted into pendant, earring, bracelet

A clear indication of how big a particular industry sector is or how profitable a business is the amount spent on advertising. A small business with low revenues will not have much money to spend on advertising for a long time. In newspapers, magazines and on TV, jewellery firms are major advertisers, especially on local channels. Almost all the local jewellers in Goa are advertising on the major local TV channels indicating the high profit margin.
Similarly the local newspapers, magazines have a large number of advertisements for jewelry stores and exhibitions. Most jewelry items cost more than Rs 10000, and it would be interesting to find out where people are getting so much money to spend on jewelry.
When a paypal account holder will withdraw less than Rs 15000 monthly for expenses like food, the local intelligence and security agency officials are quick to falsely accuse of black money and torture the harmless personhowever those who spend tens of thousands or lakhs on jewelry do not face any harassment

In the United states, there are a large number of dropshipping websites, however in other countries there are relatively few, and they charge more money. It is also difficult to find suppliers of products from India. For information of dropshipping websites and sourcing agencies, check Goods Zone . Wholesalers, distributors and others interested in getting rid of their stocklot, closeouts, export surplus can send their offers to nkinf@hotmail.com