Keep the Gold, I Want a New Nokia for Diwali

I had a relatively traditional Punjabi wedding 4+ years ago; gold was involved. Not a lot, mind you (we’re no Chatwals). But my wife did get some heavy-looking gold necklace-and-earring ‘sets’ from both her own family and my extended family at the time of the wedding. Later, I came to wonder about the point of it all, since the majority of that jewelry simply can’t be worn ever again. (You’d look silly wearing such heavy jewelry at anything but your own wedding.)

Amongst urban Indians, gold is going out of fashion in general:

“My daughters keep saying, ‘Nothing yellow, nothing yellow.’ For them, gold is old,” Bhardwaj said in her living room while sporting three gold rings, bangles, a chain and earrings. A painting of a 16th-century Mughal empress embellished with 24-karat gold decorated the wall.

Her 21-year-old daughter, Sonam Bhardwaj, has had it up to here with gold. “I think it is too gaudy and chunky,” she said with a look of disgust. “Look at my mother.”

In India, where an economic boom has taken hold and tastes are noticeably shifting, Sonam represents one of the newest consumers on the block — a young urban woman who has distanced herself from India’s deep-rooted gold tradition.

Today there are legions of young Indians whose eyes twinkle not at the sight of gold but at the sight of luxury goods. Sonam, for example, is hoping for a new Nokia Nseries phone next month for Diwali, the Hindu festival of lights. She already has a pair of Versace sunglasses and a Guess bag in her collection of fineries. (link)

For me, this transition seems to be an interesting case of a changing economic structure leading to unconscious changes in cultural values and practices. Insofar as most Indians used to be suspicious of banks and credit, gold was the central denomination in life’s most important rituals. New brides were given jewelry in gold partly because the gold itself was a rock-solid economic asset, and I gather the jewelry was usually considered a part of the dowry ‘trousseau’ as well. In a more “liquified” consumer driven system, on the other hand, gold seems dull — static and dusty, like the Gold Standard itself.

Am I speculating too much here, or is there really some sort of unconscious connection between the psychology of the change in fashion and the changing macroeconomic paradigm?

Secondly, does anyone want to defend gold wedding jewelry, and the traditionalism it represents? (Would you rather have gold, diamonds, or something entirely different — say, a Blackberry ‘Pearl’ — as a wedding present?)

85 thoughts on “Keep the Gold, I Want a New Nokia for Diwali

  1. ummm…many of them are my relatives…but my point was that many ppl is smaller towns and villages are not aware of the value of diamonds. (even better if I can get really good gold and really high quality diamonds)

    What makes you think Diamonds are really valuable? They were valuable hundred something years ago when there were only a couple of known mines(In India). Since diamonds were found in Africa at the turn of 19th centry, there is no real reason why diamonds should be more expensive than other gemstones like cubic zirconia.

    What really keeps them expensive is the skewed monopolist markets(supply side) of Africa and the super successful marketing machine in the west. Next time y’all think about diamonds as an investment or when you see those “Your husband/fiancee/boy friend does not really love you unless he gets you a diamond” ads consider that.

  2. I have gold jewelery and love wearing it while going out for the evening. I think the key to wearing gold on occassions other than weddings is wearing one piece at a time. I also feel more comfortable buying gold than diamonds because you need to know alot more about diamonds to make sure what you are buying is worth it.

  3. I feel like the tradition of giving gold at weddings is almost an ingrained cultural thing so it’ll be a while until it goes away (if ever). yeah people give tv’s , and other practical appliances but gold still holds that ‘prestige ‘. I agree with most other who commented that you can wear some of the gold given as wedding presents in moderation depending on the occasion/ venue you’re attending. I have sets that are set with stones that goes well with western clothes and bigger pieces that I would only bring out for desi functions…the main wedding set is locked in my parents safe and even though we are progressive , it was part of the wedding customs and I chose the designs etc. I do think getting gold on certain occasions has a sentimental value too.

  4. BWAHAHAHAHAHA At Ganjam my husband and I had a heated argument in undertones. I did not want a diamond necklace and he wanted to buy one for me since he had not bought me jewellery and my mother-in-law is standing there and wondering why I woulnn’t buy the biggest, ugliest, garish necklace they were showing. Finally one of the Ganjam ladies took me aside and said, Ma’am you are the FIRST lady who is fighting with her husband to NOT buy a necklace.

  5. Personally, I adore my gold sets. They’re something solid and tangible, especially living in the States and really not feeling that sense of historical/cultural grounding all the time. I have a ruby and gold set that I add something onto every time I go back, bangle, earrings, maybe a nose stud next.

    True, it’s not practical to wear the big antique jewelry all the time, but it’s so much fun to bring out, and have “special” things.

  6. the houston chronicle noted this trend in the US too (see video here):

    RETAILING / Younger South Asian-Americans, unlike previous generations, find diamonds more alluring than the ‘yellow stuff,’ a trend that jewelers in southwest Houston’s Little India are capitalizing on / Gold’s cultural glitter fades By PURVA PATEL Staff Lillian Bharucha is used to getting gifts of gold. Her family has marked birthdays and other milestones with golden earrings and necklaces. But on her upcoming wedding day, the 24-year-old will forgo a cultural tradition centuries in the making: Gone is gold. Diamonds are in. “Since I have so much gold, I thought diamonds would be a nice change, and they actually match with everything,” said the Houston-raised Bharucha, whose parents are Pakistani and of Persian origin. Gold is losing its luster with many second-generation South Asian-Americans. Unlike the generations before them who were all about 22-karat gold – a purer and brighter yellow form of gold than is commonly sold in mainstream American stores – young South Asians are increasingly being drawn to the sparkle of diamonds. It’s a trend that has not been lost on the dozen or so jewelers in southwest Houston’s Little India. Years ago, they never would have thought of stocking up on diamonds. But today storefront signs along Hillcroft and Harwin boast the sale of diamonds, and many jewelers say diamonds now account for at least half their sales and inventory. Kohinoor Diamonds, for instance, opened about two years ago on Hillcroft solely to hawk diamonds. And Moon Jewelers plans to open a second location this fall, Moon Diamond Palace, to focus on diamond and bridal jewelry. Kirti Jewelers’ new location on Harwin will also bear the name K.V. Diamonds. “Nobody really wants to wear the yellow stuff,” said Neelofer Ali, owner of Kohinoor Diamonds. “If you want to buy gold, you have to wear so much with it and make sure your whole outfit matches. Diamonds are a little more exquisite and elegant.” Changing traditions Brides have traditionally donned heavy golden sets on their wedding day. And after marriage, many Hindu women have traditionally worn a mangalsutra – a necklace made of a gold ornament hung from a string of black beads or a golden chain – that serves the same purpose as a wedding ring in the West. Immersed in American culture, many second-generation women are opting for diamond bridal jewelry, dropping the mangalsutra for wedding bands, and adopting the Western tradition of diamond engagement rings. Traditions vary by culture and religion, but many South Asian weddings entail a number of ceremonies spread over a few days. So it’s not uncommon to see brides make several dress and jewelry changes. Because her family traces its origins to Persia, the Western influence is perhaps greater than in most Hindu-American or Muslim-American households from the region, said Farieda Irani, Bharucha’s future mother-in-law, who will give her wedding jewelry, according to her Zoroastrian religious tradition. The shift to diamonds for her family is more a result of economics than a shedding of tradition, she said. “Gold played a large role because it was always more affordable than diamonds,” she said. “I guess we have done well enough whereby we can afford to give diamonds, so we’re a bit more indulgent with those things with our kids.” Multipiece diamond sets for brides can cost thousands. At Karat 22 Jewelers, diamond wedding jewelry can start at $9,500 compared with gold sets, which start at about $5,500 and are usually sold by weight. Shopkeepers say well-heeled second-generation shoppers are willing to spend more on a few diamonds than on a lot of gold. That way they can wear the jewelry more often and not be forced to store it in a safe-deposit box. “Even as a kid growing up here, I never wore gold during the daytime,” Bharucha said. “For functions and parties, I’d put on my gold bangles and gold earrings, but I like to wear jewelry all the time, and this is something that just goes with everything.” Long history with gold Jewelers say gold still sells well, especially to first-generation buyers. South Asians’ love of gold can be traced back to Pan-Asian emperors as early as the fourth century. They used gold as a currency and a way to flaunt their wealth, said S.N. Sridhar, chair of the department of Asian & Asian American Studies at Stony Brook University in New York. The practice made its way into the culture, and gold as ornamentation permeated architecture, clothes and jewelry. Families also began to store their wealth in gold, he said, passing it on from generation to generation. For instance, among some South Asians, the practice of stridhan, “woman’s wealth,” entails a bride’s parents giving her jewelry as a sort of insurance policy in case she is widowed or separated from her husband, he said. “This was her money independent of her husband’s family, and he had no right to it,” Sridhar said. Many South Asians still believe in the traditional value of gold and its role as a status symbol, he added. “Gold is the king of gifts and the king of possessions,” Sridhar said. “It’s a way to show your wealth in a way that everyone will recognize. There’s no question as to how valuable it is.” Tradition still a presence Though younger buyers may have lost their appetite for gold, they haven’t necessarily lost their sense of tradition. Stores still sell mangalsutras, but now they also come with diamond pendants. And young brides like Bharucha are still looking for distinctively Eastern designs. “I like Indian jewelry,” she said, adding that she hopes diamonds will prove a good investment for future generations – a signal that the idea of storing wealth in jewels may not be disappearing. “I want to give something back for when my kids are older.”
  7. What makes you think Diamonds are really valuable? They were valuable hundred something years ago when there were only a couple of known mines(In India). Since diamonds were found in Africa at the turn of 19th centry, there is no real reason why diamonds should be more expensive than other gemstones like cubic zirconia. What really keeps them expensive is the skewed monopolist markets(supply side) of Africa and the super successful marketing machine in the west. Next time y’all think about diamonds as an investment or when you see those “Your husband/fiancee/boy friend does not really love you unless he gets you a diamond” ads consider that.

    hmmm…do i come out as such a snob? first rob and then this. well, im the last person to be going after any kind of expensive, statusy thing. the only reason i hav diamonds is that my hubby insisted on them (well, he thought they were the in-thing then) but anyways, i wore fake jewellery (silver plated with gold) on my wedding day as the dress wouldn’t look good with my things. we even thought of hiring gold for the day. so umm, im not the girl who goes crazy for diamonds.

    but anyways thanks for the info. will keep in mind the next i go shopping.

    still, does shock me a bit that someone would try to take your gold jewelry

    hmmm, there are thieves in those crowds. they target temples coz they knw its gonna b crowded and women will b wearing lots of gold.

  8. Gold more or less retains its value and is a good investment.

    Mate please look at the price of gold over the last 50 years. Gold is insurance – not an investment.

  9. I find it a joke that this is the point in my life when people want to give me gifts. To hell with it! The future Mr. Kavita and I are planning to ‘register’ with non-profits and NGOs who can do far more with the money than what I can do a new and unnecessary Calphalon saucepan.

    That’s all well and good for you and Mr. Kavita, but not every desi’s salary provides enough with which to save. I’d be fine with getting jewelry for my wedding, but because I have so much already I’ll probably ask for cash and put it toward real estate.

    GUESS? is a finery since when?

    I am so glad you said it so I didn’t have to. ๐Ÿ˜‰

  10. I LOVE gold and diamonds. I wear my gold jewellery (with rubies, emeralds or whatever) with any kind of Indian clothes for parties, Eid etc. And I have this stunning diamond wreath necklace that I like to wear to dress up simple salwar kameez.

    I can’t understand how anyone can not love the richness and femininity of gold jewellery. But the last Indian/Pakistani do I went to, most of the girls were wearing costume jewellery. They were all absolutely enthralled with my stuff though ๐Ÿ™‚ They thought I was 15 (which I’m NOT) so expected less formal attire I think. I also have this Gucci watch, but I don’t love it as much as my gold and diamonds…I’m so NOT a label person. Given a choice between accessorizing with my Blackberry Pearl (it’s really fun to use and very chic) and gold, I’d choose gold anyday! It’s really nice being spoilt!

  11. I am happy to hear that gaudy Indian gold jewelry may be going out of fashion. I do think it does make sense for brides to get gold or other assets at the time of the wedding, as young married couples do need some financial security, and Indian brides especially need security. So the gold would not have to be in the form of jewelry, and it may be better to give it in coin or bullion, which may be more easily converted and will have a value that is not debatable.

    Westerners tend to roll their eyes in disgust at the way old world peoples obsess over jewelry and gold, and how they wear it as a sign of affluence, a sign of “I’m better than you”. Western egalitarianism, which is anathma to traditional Indians, was likely born out of Christianity, which was a rebellion agaisnt everything Hindu that was in Judaism. Christianity then gave rise to Marxism, which continued the trend of seeing the gaudy display of wealth as somewhat if not totally disgusting.

    The only two people I have ever met with gold rims on their Mercedes were an Indian businessman and a rap star.

    Can anyone say “bling bling”?

    I hope the trend away from gaudy jewelry is a sign of increasing Westernism in India, which will be good for India, especially good for the poor.

    On the Internet, I see tourist pictures of India, of street scenes in various Indian cities, and am very aware of how Western or how American many of the young people are dressing. Jeans are everywhere! Sports jersey type shirts are everywhere. These trends even reach into the remote villages. The baseball hat is everywhere.

    It will take time for India to come around. Eventually they will come to understand how so much of their old world traditions and even the Hindu religion are connected with ancientness and mendacity. St. Thomas, the apostle who preached Christianity in India, beginning around Goa, was killed by Hindus because the truth he was speaking about human meanness and cruelty, was too much for Hindu’s to hear. They killed him, just as the Greeks killed Socrates for being too truthful, and just as Gandhi was killed for telling the truth and also Dr. Martin Luther King.

    Here in the USA, many people are not aware that the fashion of toe rings, bangles, multiple facial piercings, and tatoos comes to us largely from India. As it turns out, in the USA one can gage the disfunctionality of a person by the amount of Indian inspired trinketry they wear, and the number of tatoos they have. A good friend of mine is a tatoo artist, and he confirms for me that a large percentage of his customers are cognitively deficient and gonzo. They also do piercings in his tatoo parlor.

    I see the pictures of Indian girls, especially villagers and dalits, who over adorn themselves with jewelry, to the point of looking quite silly to me. They do this because of tradition, of course, but the tradition is based in valuing a person for their labor and wealth, rather than the understanding that a human has intrinsic value. Of course with over-population intrinsic value tends to erode. But when I see those over-adorned young ladies, all I can think of is hugging them and telling them they are valuable and good without such trappings. Then I want to give them a good education in science and maths. And then I want them to find a good husband, rather than the typical jerk, so that they can raise the next generation is the spirit of enlightenment, and keep the gold and jewels somewhere safe, and not on display.

    India is changing. The young are sick of the ancient ideological crap their parents have been feeding them. Young Indians want to integrate with Westerners, which means less gaudy jewelry, amoung other things. Young Indians understand now that the poverty of their locale is based in Hinduism and the corruption that always attends any patriarchal hegemony. I say untie the young and let them fly. They really do have potential, and parents should not be afraid of looking slghtly silly in their children’s new eyes. If Indian parents make an effort to see the world through the children’s eyes, then the children will not despise you, and they will forgive you for not being able to completely adapt to their new world, the real world of less mendacity.

    Cheers

  12. What really keeps them expensive is the skewed monopolist markets(supply side) of Africa and the super successful marketing machine in the west.

    Laboratory Diamonds may ultimately kill the diamond trade/industry. All you need is a few companies to start making & selling lab diamonds without the disclaimer. The historical/antique diamonds will still be valuable but the diamond engagement ring industry will disappear.

  13. re: #65: thanks for the laugh. it’s been a trying day. my brain needed some extremely light, dumbed down reading.

  14. not every desi’s salary provides enough with which to save.

    I understand.

    And not every desi gets married either.

    My point – wedding presents are mostly meant to “start” a couple out, but most of us “start” an independent life or makes a big transition well before we reach the altar/mandap/Vegas. At least I’m betting that’s the case for most Sepia readers.

    (And from what I’ve seen, it’s rarely about salary. There’s plenty of people with a lotta salary registering for all sorts of blingity bling bling)

  15. not every desi’s salary provides enough with which to save.

    if yo are constrained by salary or taste from indulging in jewelery – then you should consider purchasing art by desi artists. i am told by an antiquities trader that indians and chinese have recenty started spending freely on collectibles – everything from stamps to paintings. since they are relatively early on the curve, the rate of appreciation will be extreme. good luck.

  16. 68:

    typical behavior of the weak. Bash without backup. Betrays your psychological Achilles heal. I would say that I would expect more of an Indian, but as an egalitarian, perhaps it would be more accurate to say, “why should I expect more?”

    I could put my point another way. Suppose tomorrow some horrible virus killed all the Indian people, also the Bangladeshis, Pakis and Lankans, because it vectored in on on the genes that make a desi a desi. Then, in the absence of Desi’s, Westerners moved in, primarily Europeans, Americans, Canadians, Australians, New Zealanders and Japanese. (yes, Japanese)

    Do you think we would create the same mess that is that region today? No. With the exact same resources, but with different ideology, we would creat what we have in Europe, USA, Canada, Australia, New Zealand and Japan.

    Yes, India is older than Europe, and so has had more time to make a mess of itself. But Europe was a mess in the Dark Ages, where the streets and sewers were one and the same, and the fuedal system resembled Indian indentured servitude, and children were pressed into work, but she cleaned herself up quickly after the onset of the Enlightenment, largely fueled with coal, prior to 1920 when oil became an excellent new fuel. India has always had coal and iron, as well as lumber and other metals, and so we have to wonder why the lack of developement? I don’t think the lack of developement can be blamed on the British Raj. If that was all that was holding things back, then India should have sprung into modernism after 1949. Actually, the British Raj contributed to India’s development, as can be seen by the lack of development and infrastructure in Afghanistan, Myanmar, Nepal, Tibet and other adjacent regions that had much less British involvement. Also bear in mind that the USA was part of the British Raj, but that did not hinder development here.

    Westerners provide a lot of the monetary support for Indian orphans and street kids in hostels. It’s not that the Indians can’t take care of this problem on their own, it’s that they won’t. Well, calm yourself, in time India will fully adopt western ideology and then she will be clean, functional and….she won’t have to send her children to the USA for a university education. In fact, the flow of students may go the other way. (And toilet paper will be everywhere in India, and it will not be floating along the surface of the Ganges River.)

    Don’t misinterpret my intentions. I love (most)Indians, especially Bengalis. I quite often rent Bollywood Movies, read Indian newspapers, and I support a street kid in a hostel in Kolkata. These kids clean up quite well. After a few months in the hostel (Ashalayam), you’d never know these kids had been marginalized and ignored by their own people. Life is so funny. I have to laugh ’cause otherwise I’d cry.

    Cheers

  17. P.S. Anyone else’s parents or grandparents make reference to American gold? My grandmother used that term to describe 14 or 18 karat gold, which used to make me howl with laughter. She also used to call cubic zirconia “American diamonds.” Ha ha ha.

    Yeah! My mom says both “American gold” and “American diamonds” I always thought it was really funny too!

    I do think Gold is considered an investment, especially for women in India. Before, women were not allowed to inherit land and therefore the jewelery given to them by their family, was in some way their inheritance. And if necessary, their daughter could sell the gold for money if she absolutely had to. Now that the inheritance laws have changed, it doesn’t apply as much, but tradition is hard to change. Also, the price of gold per ounce has only always gone up, so it’s a very sound investment.

  18. For my wedding 4 years ago, I had to convince my mother that I really, REALLY wanted to wear her wedding jewellery and to not purchase anything new (and elaborate). My non-brown husband (and his family) got me platinum and diamond jewellery but only after consulting me first. I have nothing against gold (or any other precious metals/gemstones) but I do have a problem with this level of demand/consumption in the desi community.

    For anyone who claims that gold is a hedge against inflation, a safe harbour for women who suffer abuse, an investment (because ‘the price of gold has always gone up’) etc, I would recommend that they look to diamonds, platinum/paladium/titanium for those qualities. Even these materials, which have both personal and industrial uses, have not a straight trajectory upwards over the past few decades. Besides, would you want to carry around your personal wealth in such a heavy form? Give me diamonds anyday!!!

  19. Gold prices have had a 5 year CAGR of close to 20% and a 20 year CAGR of 10% which I think is pretty phenomenal. I personally think it is a great investment.

  20. Rob — The west CREATED the mess that is in South Asia today . . . as well as the troubles in the middle east, but we will save that commentary for another posting). It is a result of the meddling by the British in India in its division that lead to the dispute over land in Kashmir. I urge you to look into the memoirs of the British architects of Pakistan and India post-partition to learn more about how LITTLE thought went into the division. Further, it is the meddling by the US in Afghanistan that led to the rise of the Taliban and subsequent escalation of Islamic fundamentalism. The US created the Bin Laden whom it now cannot find. Again, I urge you to study the history of US involvement in Afghanistan in the late 1970s to learn more about this period. The US has a very short-term foreign policy and doesn’t stop to think about the long-term implications of its actions. (This is precisely why we have the problems that we do in Iraq right now — that we will save for another post). So, get off your west-superior high horse and try to look at the events in South Asia (and the world generally) from a more global perspective.

  21. p.s. Rob, a side note, you should spell check your posts; development is not spelled “developement” and feudal is not spelled “fuedal.” Perhaps you should have gone to an Indian school!

  22. I don’t know if it’s worth the effort to entertain Rob (not rob) since he is so clearly trolling on multiple threads. ๐Ÿ™‚

    My mother + grandma call it “American gold” also, if it’s under 22K ๐Ÿ™‚

  23. “Gold is the battery of the soul.” -Ravi Srinivas

    “These ain’t conflict diamonds, is they Jacob? Don’t lie to me man.” -Kanye West

  24. 22 Amardeep

    you got me!

    so then, ladies n gentelmen i’d like to steer the conversation towards goldmember …grooovy baby!

  25. And toilet paper will be everywhere in India,
    Bidets are cleaner.

    I’ve discovered the best arrangement is this;

    The hand should never touch stool because that may result in disease. If one wipes with toilet paper and then immediately jumps in the shower with a removable shower head that has a very strong option for a direct flow of water onto the area, then one can get perfectly clean without ever having to touch that area at all. Of course this requires a removable shower head with strong outpour so that you can hold it in the exact position neccessary to thorougly cleanse yourself.

    In India the water flow from taps is often not very strong, hence I found that the squatting toilets there accompanied by lots of water in a bucket and a big wasing cup, along with good quality liquid soap (dettol brand), to work initially. Then from there you immediately take your full body shower or bucket bath. Anything else – just toilet paper alone, or just bidets alone or just water and a squat toilet alone, does not get you clean.

    And nails must be kept very short, regular clippings should be made routine.

  26. Ennis #82, You are absolutely correct, this has cleared any confusion whatsoever, this definitely is PG ๐Ÿ™‚

  27. Gold Obviously (did I hear a huh ?). It will anyday have a better resale value than a PDA or a Blackberry or any hell electronic gadget you name.

  28. Very interesting writing. But bro gold is the friend of bad time. I bought a nokia N38. Very good performance. You can try if you want. Cheers