The Economic Times reports that Wal-Mart will be selling a premium line of Christmas jewelry designed by a Mumbai based jeweler who will be supplying the company with 25,000 X’mas rings, which cost $249 each. According to Rajeev Sheth, chairman and MD of Tara Jewels, as $150 million company that is one of the largest suppliers of diamond and gold-studded jewelry to Wal-Mart.
This year, Indian jewelers have received record number of orders for Christian themed jewelry such as crosses, from retailers such as K-mart, JCPenney and Angus & Coote. The order for religious jewelry has apparently significantly increased since hurricane Katrina hit the US last year.
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