India, Sept. 15 -- India's jewelry industry works in an arrangement unseen by most consumers where large retail chains that operate regionally and nationally control the shop front and brand, whereas the manufacturing process is outsourced to specialists who manufacture on a job-work basis. With organized retail chains increasing their store count at an aggressive rate, these retail chains require suppliers who can meet their deadlines and have a good understanding of hallmarking and designing skills.

Shares of Ashapuri Gold Ornament Ltd. were closed at Rs. 4.75, up 4.86 percent from previous close of Rs. 4.53. The stock opened at Rs. 4.75, reaching an intraday high of Rs. 4.95 and low of Rs. 4.60. The company currently has a market cap...