The yellow metal will remain always reliable; prices may vary but still people strongly hold on to the tradition of trust in gold, says Rajesh Govindan, Managing Partner of Cochin Gold & Diamonds
You are an industry veteran with over two and a half decades of experience in different capacities. Can you advise a systematic investment plan in gold?
I have been in this industry for over 26 years, and during these years I have hardly come across any investor in gold who went bust or made a loss. That gives me tremendous confidence to continue the jewellery business. However, investments should be done based on the capacity of each individual. It can be either a one-time investment or done on a monthly basis.
In my personal capacity, I would always like to extend my guidance and advice to prospective investors who are looking to explore the opportunities in gold. The industry is always bullish.
Has the gold lost its sheen as a reliable, safe investment option and an ideal hedge against uncontrolled market factors?
No, the gold has never lost its attraction. Gold is always looking bullish to investors. The yellow metal will remain always reliable; price may vary but still people strongly believe the tradition of trust in gold.
Can you elaborate on some of your unique products/services, targetting potential investors in gold?
We at Cochin Gold & Diamonds have one of the most attractive and systematic gold investment plans, My Gold, a monthly gold saving plan. This is an opportunity to accumulate gold in the safest and easier manner. The investment can be made through easy monthly savings. Every month, when the saving is made by the customer, gold price of that day is fixed against the amount paid and you are protected from the rising gold prices.
We have a unique handcrafted antique product, 22K pearl jewellery which looks like Bahraini jewellery in 22K. When it comes to services, Cochin Gold & Diamonds is the only retailer known in this market as a manufacturer too. This help us to provide customers with the best service in terms of repairs, orders, etc.
How was your performance in 2018? And what are the latest trends in the jewellery market?
As per the market condition, we have done as on today reasonably well. Regarding the latest trends, customers are still very keen on traditional and contemporary jewellery.
What is your industry outlook for 2019 and beyond?
We always think positive. As per the market information, 2019 should be much better than the past since many new projects are declared by the private and government sectors. Also, many development is happening in Oman’s tourism sector. This will also support the market to perform well in 2019.
