Word: padmanaban
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...studded with 4,000 diamonds and made from seven kilograms of gold. Four craftsmen from NAC Jewellers spent six months making the crown, at a cost of about $700,000. It now rests on a statue of the goddess Padmavathi Devi at the Tiruchanur Shrine in South India. Anantha Padmanaban, a partner of NAC Jewellers, proudly shows off a photo album full of snapshots of the work his shop has done for other Hindu shrines: a gold-plated archway for the temple at Guruvayur, a silver crown for the god Kubera at Badrinath, and gold and silver ornamentation for numerous...
...despite the current boom, the number of people who see gold as a sound investment may be dwindling. The recent surge in bullion prices is keeping some Indians away from the gold stores, even though the wedding season, traditionally a time of heavy buying, has started, says Padmanaban, the Madras jewelry-store owner. "People have just stopped coming for two, three weeks," he says. "But in the end, they will accept this price. They have no other choice. They must buy gold for weddings." Won't Indians stop buying once they begin to understand they can get better returns...
| 1 |