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1. Online Jewellery Business vs Physical Jewellery Business: A general comparison due to high Rupee Rate At the moment opening a physical jewellery business in India is a bit of a risk since gold prices have currently sky rocketed due to the dropped Rupee value. And hence several jewellers in India are innovating and beginning online businesses. Not just gold but opening an accessories physical store is a risk as well. This is because there is simply too much competition and finding a good place with enough foot-fall is an expensive gamble. An online silver imitation artificial fashion jewellery business makes much more sense since competition is really not very stiff yet online and the online business has a much higher potential right now than that of a physical silver imitation artificial fashion jewellery store. Thank you for reading – below I have mentioned some of the most key differences between an online silver jewellery business vs a physical jewellery business in the wake of the current high rate of the rupee. Read below: An online business can more or less handle a slight change in the rupee rate since it works in volumes. Ofcourse it cannot handle extreme changes that completely shift the market’s economy and puts it into crises. But yes it can certainly handle a few hits. This is because an online business does not necessarily work within the boundaries of a single country, for eg:

2. India. For example an online silver imitation artificial fashion jewellery web-store called SilverShiine that functions in India and the US does not necessarily get drastically affected and can take a few small hits with the change in rupee rate since it can continue to survive with volumes on the US market. Also it has enough customers all across India itself that they would barely notice such small changes. On the contrary a physical silver imitation artificial fashion jewellery will get drastically affected because due to the rupee rate prices those local buyers that are loyals to the silver imitation artificial fashion jewellery have certainly experienced a fall in the value of their salaries and incomes and the chances of one buying silver imitation artificial fashion jewellery right now has momentarily reduced since they understand now that they’d have to save more. Until their incomes adjust accordingly they’d mostly not buy from a while. While an online accessories business wouldn’t get affected, it my not be fair to compare a precious metal physical store with that of an online silver imitation artificial fashion jewellery store, yet the change in the rupee rate will certainly affect the sales of a precious metal silver jewellery physically since when the rupee rate increases, the government of India always increases the prices of precious metals to control the consumption and adjust the rate back. This is easier from a financial stand point since India is the world’s largest consumer of the precious metal gold. When comparing an online silver imitation artificial fashion jewellery web-store with that of a physical store there are ofcourse a lot of expenses saved, but I have written those in a different blog and won’t be mentioning them here since all though they are indirectly affected by the rising Rupee rate, the Rupee rate has certainly not drastically changed for them to affected enough for them to make it to this blog. With the fall in the value of the Rupee rate, most banks reduce interest rates on loans to promote purchases. This promotes more online silver imitation artificial fashion jewellery web-stores to grow. Since physical silver imitation artificial fashion jewellery stores are anyways not a lucrative business, loans aren’t as easily sanctioned since they are far more riskier than that of the former. With the ongoing online boom in India and several kinds of innovative online web-stores of all kinds of things are only beginning to be siold online, so promoting growth online is far more easier and sensible for any ruling government if the rupee rate has fall than promoting business prospects in the physical world. This makes sense since growth prospects in any online web-store are exponentially higher than that of a physical store. With global online silver imitation artificial fashion jewellery web-stores even if there is an imbalance in an economy of one country it is a always covered up by another. The target audience is always far more in a global online silver imitation artificial fashion jewellery web-store as compared to a physical store of the same. Let’s say SilverShine that currently delivers their beautifulsilver imitation artificial fashion jewellery products in the USA along with India and India observes a slight but noticeable change with USA as well as India due to its economic currency rate. The web-store that targets millions of people and should certainly remain safe from any kind of issues unless the economy has so drastically changed in the economy that it has began to throw the whole country into disarray of a complete recession. Only in that case would the masses be affected. So slight changes like such would certainly not affect the business in the slightest. Source:https://silverjewellery.joomla.com/8-fashion/10-online-jewellery-business-vs- physical-jewellery-business-a-general-comparison-due-to-high-rupee-rate