{"id":10616,"date":"2011-11-07T12:00:00","date_gmt":"2011-11-07T12:00:00","guid":{"rendered":"https:\/\/www.hinduismtoday.com\/hpi\/2011\/11\/07\/diamond-dispensing-atm-unveiled-in-india\/"},"modified":"2011-11-07T12:00:00","modified_gmt":"2011-11-07T12:00:00","slug":"diamond-dispensing-atm-unveiled-in-india","status":"publish","type":"post","link":"https:\/\/www.hinduismtoday.com\/hpi\/2011\/11\/07\/diamond-dispensing-atm-unveiled-in-india\/","title":{"rendered":"Diamond-Dispensing ATM Unveiled In India"},"content":{"rendered":"<p><a href=\"http:\/\/www.theaustralian.com.au\/news\/world\/diamond-dispensing-atm-unveiled-in-india\/story-e6frg6so-1226176089874\">Source<\/a><\/p>\n<p>INDIA, October 25, 2011 (theaustralian.com.au): A luxury shopping mall in Mumbai sports the world&#8217;s first ATM to dispense diamond jewelry as well as gold and silver coins, serving Indians&#8217; apparently unquenchable appetite for jewels and precious metals.<\/p>\n<p>The machine offers a range of 36 products, from 10-gram gold coins etched with an image of Lakshmi, the Hindu goddess of wealth, to diamond-studded pendants in the shape of a swastika, which in India is an ancient religious symbol of unity.<\/p>\n<p>Gitanjali Group, the company behind the machine, has focused on convenience and, apparently, on creating the perception that these are everyday purchases. Sanjeev Agarwal, the company&#8217;s chief executive, said it planned to set up 75 such ATMs in shopping centers, airports and at Hindu temples. The machines accept either cash or credit cards.<\/p>\n<p>Jammy Gagrat, a 47-year-old businessman, sees cause for concern: &#8220;This machine is going to be a problem for the gents. Ladies are going to keep on buying more and more every time they come here.&#8221; India is easily the largest consumer of gold, purchasing well over 1,000 tons last year, according to the World Gold Council.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source INDIA, October 25, 2011 (theaustralian.com.au): A luxury shopping mall in Mumbai sports the world&#8217;s first ATM to dispense diamond,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10616","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/posts\/10616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/comments?post=10616"}],"version-history":[{"count":0,"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/posts\/10616\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/media?parent=10616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/categories?post=10616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/tags?post=10616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}