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GLD 408.23+2.3%Dec 22 4:00 PM EST

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From: Snowshoe11/27/2009 5:58:08 AM
   of 218685
 
Return to the mean...

Flashy Indian brides struggle with high gold prices
news.yahoo.com

Some jewellery manufacturers are importing technology and alloys from Europe to make ornaments using hollowing techniques that help them reduce gold content by up to 50 percent.

Using the modern techniques, goldsmiths are trained to flatten 22-carat gold and then stuff it with an alloy that is a mix of copper and silver to make the ornament heavy.

"I have purchased Italian machinery and hired foreign designers to work on Indian designs using electroforming and hollow techniques," Ritesh Jain, of Aurogold, a manufacturing and retailer in Mumbai, told AFP.
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