Gems & Jewellery Industries
The Gems & Jewelry Industry is one of India’s fastest increasing export sections of Gems & Jewelry goods (constituting cut and polished diamonds, gold jewelry, colored gemstones, pearls, non-gold jewelry, synthetic stones, etc.) expected to produce income of approximately US$ 35 billion in 2015.The national market is also robust at well over US$ 40 billion India is the biggest consumer. Most of this consumption extends into the manufacture of gold jewelry India has an extensive supply of qualified manpower suitable for developing and generating high quantities of exquisite jewelry at low labor costs Because of the industry’s very elevated export orientation, most of the major players have formed their offices / subsidiary / associate in almost all of the major trading centers of the worries.
India is the world’s biggest diamond cutting and polishing center with a value share of 60%, a caratage share of 82% and a share of 95%. Indeed, 9 out of 10 diamonds sold worldwide are processed in India’s export of Gems & Jewelry goods (cut and polished diamonds, gold jewelry, colored gemstones, pearls, etc.). In 2009, US$ 20.1 billion.
While the trend of big enterprises entering this sector has been increasing lately, Gems & Jewelry sector continues to be dominated by tiny and medium-sized enterprises With an increasing middle class, the branded jewelry market is expanding significantly, with many of the industry’s major players setting up retail chains of jewelry showrooms.
As gold is seen as an alternative investment, the market for gold coins / bars has also significantly risen.
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