The leading international jewellery association Leading Jewellers Of The World (LJOTW) has launched a new age precious metal Lumineux Uno with higher lustre, which is affordable than gold and platinum.
According to a PTI report: Lumineux Uno promises to be an alternative precious metal both for jewellers as well as for investors.
“The price of gold in India has seen the highest jump in the recent months making gold and silver all time favourites for investment returns,” Director, LJOTW, Sanjeev Agrawal was quoted by PTI as saying.
“Lumineux Uno is an innovation that promises to provide an alternative precious metal with a higher lustre and is sharper and more malleable at far more affordable price than gold and platinum and more precious than silver,” Agarwal was further quoted by PTI as saying.
Lumineux Uno is a premium luxury metal amalgamation of gold, platinum, palladium and silver that consists of 95.5 per cent of pure precious metals.
This new metal is very cost effective and costs Rs 1,250 per 10 grams and can be used for making jewelleries, apt for both modern as well as intricate designs, Agarwal said.
Lumineux Uno will be initially distributed through LJOTW in the country through its exclusive agents and distributors across top 50 towns and cities of India and will have authorised third party XRF certification, he said.
“It is also an attractive investment option as Lumineux Uno also has buy back facility through few leading bullion dealers who will be trading this precious metal,” he was quoted by PTI as saying.
At present, globally Lumineux Uno is available in the US and few European countries.
LJOTW is a company incorporated in the US for providing marketing, sales and service platform to the large number of independent retailers in America.