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Handicrafts are devices or works of art that are made completely by hand or by the use of relatively simple tools. Such goods are usually made in the traditional way of manufacturing goods. Therefore, the knowledge of the art of craft is usually passed down from one generation to another. The items made using these traditional methods of manufacturing are usually produced in smaller quantities and they often represent the culture or religious beliefs of the community that makes them. The goods are also handmade from natural materials that are found in the environment of the particular economy.

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A painting is equal to thousand words, means a beautiful painting is equal to million of words. Paintings are one of the oldest art forms -- throughout history artists have played an important role in documenting social movements, spiritual beliefs and general life and culture.

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7 Possible Factors that Influences Gold Rates

Posted by Art Of Legend India [dot] Com On 12:42 AM 0 comments

7 Possible Factors that Influences Gold Rates
Gold is an asset. It has fascinated the world with its qualities and importance for many years and this probably is the biggest reason why its relevance has not faded out with time. In countries such as India and China, the metal is an epitome of growth and prosperity. The metal is also considered as a great investment option especially for Indians. Since the metal has been around for many years and is now a strong part of our economy, it is natural for people to know more about it. One of the things that people majorly wonder about gold is that why does its rates fluctuate. Well, gold is just like any other product in the market and therefore, its rates can fluctuate over the time and at times unpredictably. There are several factors that influence gold rates. Some of them are listed as follows:

1.      Central Bank Polices and Actions

Gold is used as a hedge against turbulent times, which is why each nation has its own gold reserve. The reserve is managed and regulated by central banks of the respective countries. The gold reserve in India is managed by RBI (Reserve Bank of India). Decisions or policies made by central bank regarding their reserved gold can impact gold rates. So if RBI revises its gold reserve policy, it can have a direct impact on the gold rate. For instance, China's decision to put some of its reserved gold in the market led to a huge fall in gold prices. Gold rates also rise when central banks start buying more gold than they sell it to diversify their monetary reserves.

2.      Government Policies and Actions

Policies and actions of major economic players can too have a direct or indirect impact on gold prices across the globe.Especially any change in the import or export policies of major gold producers or purchasers can greatly influence gold rates across continents.

3.      Currency Variations

Gold rate in India is dependent on the value of its currency with respect to the value of other countries’ (gold trading countries) currencies such as US. If the value of Indian currency (Indian Rupee, INR) falls with respect to the value of the currencies of other countries, say US Dollar, the gold rate in India will increase. This is because the value of US Dollar will be more than the value of INR, therefore, increasing the cost of gold import. Changes in other currencies too can impact gold rates in India, though the affect may be negligible.

4.      Demand and Supply

The world economics runs on demand and supply chain. Since gold is a natural resource and found in scarce locations, therefore, its production is limited to its availability. The demand of gold all over the world is largely limited to domestic purposes in the form of ornaments. Across the globe, the demand for gold ornaments is huge especially in India and China. According to World Gold Council, in 2010, ornaments alone accounted for around 54 percent of gold demand. Besides being used as ornaments, the metal is also used for various industrial applications such as in electronic devices. With the demand for gold ornaments or electronic devices such as computers is on rise, the gold rate can ascend.

5.      Investment Trends

Gold has often been considered as a safe investment option but with the incoming of new investment opportunities, people have started to experiment. Gold does not always offer extremely high returns or results. There is various other investment opportunities in the market that offers high volatility, which lures a lot of investors thus making them turn away from gold investment. Such fluctuations in demand and supply, in turn affects gold rates. The ever-changing investment needs can result in fluctuating gold prices.

6.      International Relations

International relations too play a vital role in influencing gold rates in India. The yellow metal has often been referred to as ‘crisis metal’ due to its capability to preserve its importance even during wars and geo-political crisis. Speculation of strain or actual stress in international relations especially if it includes major nations can push gold prices higher.

7.      Gold Production

The world’s gold production also influences the cost of all gold globally. Everyone knows that gold is a scarcely found natural resource. The amount of gold produced in a year is lesser than the amount of gold supplied in a year. One of the prime reasons of this is that all the “easy gold” has already been mined. To fulfil the world’s gold demand, miners have to now dig deeper and in very specific parts to get the quality gold reserves. Since gold is now even more challenging to access, a lot of money will be spent to take out a small amount of gold. When the gold production costs rises, miners sell gold at higher rates to preserve their profits.
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The Benefits of Canvas Oil Painting Reproductions

Posted by Art Of Legend India [dot] Com On 12:23 AM 0 comments

In November 2017, New York auction house Christie’s had successfully sold an oil painting by Italian artist Leonardo da Vinci called “Salvator Mundi” for 450 million U.S. dollars, thus making it the most expensive artwork ever sold thus far. You may have been wanting to own the said painting yourself after having first heard about it. Unfortunately, all you have in your bank account right now isn’t even close to a million dollars. But instead of being concerned over how you haven’t bought the original “Salvator Mundi,” you can have a canvas oil painting reproduction of it done instead. To ease you into the idea of owning canvas oil painting reproductions, here are some benefits that you can get out of them:

1.     You can brag online that you’ve got yourself an oil painting from a renowned artist even if it’s only a replica.

Canvas Oil PaintingLet’s face it: In this day and age where almost everyone has a social media account, most people can’t help but show something off for others to see.

Of course, you might not be the type who wants to get left behind on social media. Especially if any of your millionaire influencer friends have bought themselves oil paintings by famous artists all over the world.

By having a reproduction of a well-known oil painting made, you can easily brag to anyone on social media that you’ve got yourself an original artwork done by a renowned artist. They won’t be able to tell the difference between the oil painting that you’ve had reproduced and the real thing.

2.     You don’t have to break the bank in search of a good gift to give to someone.

Oil Painting
As mentioned earlier, the total amount of money in your savings account might not even come close to a million dollars. Thus, you can’t buy an original oil painting that you may be planning to give to someone.

On the other hand, you can get a canvas oil painting reproduction done for less than a hundred dollars and gift it to someone. Again, they won’t notice at all that you’ve given them a replica of a well-known artwork instead of its original version.

3.  You can easily have your canvas oil painting reproduction replaced with a new copy of the very same piece.

One small mistake like accidentally elbowing an expensive oil painting can force its owner to suddenly have to pay millions just to have it restored to almost the same condition as before. But with canvas oil painting reproductions, you’ll only have to pay a fraction of the price when you first had one made. Especially if you’ve unintentionally damaged it and you want to have it replaced with a new one.

Conclusion
1st Art GalleryOriginal oil paintings don’t come cheap mainly because of the craftsmanship that comes with finishing one. It shouldn’t be surprising then that some oil paintings typically cost hundreds of millions of U.S. dollars. You might thus shy away from collecting oil paintings since you don’t even have enough money to buy one. You shouldn’t lose hope though as you can own a canvas oil painting reproduction instead. The above-listed benefits of owning canvas oil painting reproductions should convince you to get one made with the help of 1st ArtGallery. You’d be surprised at how the untrained eye won’t easily notice that the oil painting hanging on the wall of your house is, in fact, a reproduction piece.

Adam Cross
Adam Cross is a writer contributing works to 1stArt Gallery. His attention to detail extends to things he writes, as he knows he has a responsibility to his readers as a writer to express his idea in a clear and concise manner. He's currently trying his hand at oil painting, an activity he's currently enjoying.

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Company Overview

Art of Legend India has the distinction of being one of the best in the Indian Handicraft Industry. We are about 75 years old handicrafts manufacturer & exporter. We are having team of more than 500 craftsman.

We are having our business offices in India, USA & Germany to ensure our best services.


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