India, Sept. 9 -- Tata Group-backed jewellery major CaratLane's Managing Director Saumen Bhaumik said the ongoing geopolitical tensions in the Middle East are unlikely to impact domestic jewellery sales during India's upcoming festive season.

Speaking to IBNS on the sidelines of the launch of CaratLane's flagship store in Kolkata's Gariahat area, Bhaumik said geopolitical volatility has been a recurring phenomenon and should not be a major concern for India's jewellery market.

"It has been going on for some time. It is not like it started yesterday. This kind of volatility will come and go. India's domestic requirement is quite high. So, I don't think we should worry about the world outside at present. We don't think we need to have sle...