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jewellery


Gems and Jewelery-Overview

Size

  • Large market for Gems & Jewelery with domestic sales of over $10 billion.
  • 4% of the global Gems and Jewelery market .
  • Exports of over $15.5 billion; over 18% of India’s exports.
  • India is the largest consumer of gold jewelery in the world.
  • Accounts for about 20% of world consumption.
  • India is the largest diamond cutting and polishing centerer in the world.
  • 60% value share, 85% volume share and 92% share of the world market by number of pieces.
  • Third largest consumer of polished diamonds after USA and Japan.   

Structure

    The Indian Gems & Jewelery industry is highly fragmented with a large number of domestic private sector companies.

  • A large portion of the market is in the unorganized sector .
  • India is gaining prominence as an international sourcing destination for high quality designer jewelery .
  • Walmart, JC Penney etc. procure jewelery from India .

Policy

  • 100% FD is permitted in the Gems & Jewelery sector through the automatic route.
  • SEZs and Gems and Jewelery Parks have been set up to promote investments in the sector.

Opportunity

India is one of the largest exporters of gems and jewelery  India is the diamond polishing capital of the world.

Outlook

    India is the fastest-growing jewelery market in the world.

  • Branded jewelery likely to be the fastest-growing segment in domestic sales.
  • Expected to grow at 40% p.a. to $2.2 billion by 2010.
  • Exports expected to grow from $15.5 billion in 2005 to over $25 billion by 2010.

Potential

India has several well recognized strengths which have made it a significant force in the global Gems and Jewelery business.

  • Highly skilled, yet low-cost labor.
  • Established manufacturing excellence in jewelery and diamond polishing.
  • India is the most technologically advanced diamond cutting center in the world.
  • Opportunity to address one of the world’s largest and fastest-growing Gems and Jewelery markets.
  • Opportunity to leverage India’s strengths to address the global market .

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