Indian silver industry upgrades technology
Victoria Hewitt-Marsh, News Editor
1 Apr 2014, 11:08 a.m.
Indian silver companies are reported to be upgrading their equipment and processes to conform to international standards. Previously, Indian manufacturers mixed cadmium with silver to make Sterling Silver.
As cadmium is banned in the west due to health concerns, Indian companies are now changing their process and using zinc and copper instead.
Since the change, Indian silver exports to both Europe and the U.S. have surged with an unprecedented increase in exports of silver utensils, artefacts and other silver products.
Historically, western consumers preferred 14 carat white gold for diamond studded jewellery. However, due to the high gold price, customers are switching to Sterling Silver which looks and feels identical.
According to the Gems and Jewellery Export Promotion Council, silver exports from India have jumped by 109% in the last 11 months.