India possesses world’s most competitive gems and jewellery market due to its low cost of production and availability of skilled labor. As per our new research report “Indian Gems and Jewellery Market - Future Prospects to 2011”, highly skilled and low cost manpower, along with strong government support in the form of incentives and establishment of SEZs, has been the major driver for the Indian gems and jewellery market. The market also plays a vital role in the Indian economy as it is a leading foreign exchange earner and accounts for more than 12% of India’s total exports. Currently the Indian market remains highly fragmented, but is rapidly transforming into an organized sector.
Currently, the industry is facing a slowdown due to global economic turmoil. But due to various government efforts and incentives coupled with private sector initiatives, the Indian gems and jewellery sector is expected to grow at a CAGR of around 14% from 2009 to 2012. At present, the Indian gems and jewellery market is dominated by the unorganized sector; however, the trend is set to change in near future with the branded jewellery market growing at an expected CAGR of more than 41% in the coming four years. As per our research report, with its consumption pegged at nearly 20%, India remains world’s largest gold consumer and this share is expected to grow further.
“Indian Gems and Jewellery Market - Future Prospects to 2011” provides strategic insight into the gems and jewellery market in India. By analyzing past and future aspects of the market, the report highlights the potential growth areas in the market and gives an overview on the market for gems and jewellery in the country. It also evaluates the emerging trends in the concerned industry.
Our report also covers the industry forecast and analysis based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
The information has been compiled from authentic and reliable sources like books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
For more please visit
http://www.bharatbook.com/detail.asp?id=82952&rt=Indian-Gems-and-Jewellery-Market-Future-Prospects-to-2011.html
OR Contact us at
Bharat Book Bureau
207, Hermes Atrium, Sector 11, CBD Belapur, Navi Mumbai - 400 614, India.
Phone : +91 22 2757 8668 / 2757 9438
Fax : +91 22 2757 9131
E-mail : info@bharatbook.com
Website : www.bharatbook.com
Showing posts with label Gems. Show all posts
Showing posts with label Gems. Show all posts
Tuesday, December 28, 2010
Saturday, July 24, 2010
Indian Gems and Jewellery Industry
Precious metals and gemstones have been an integral part of the Indian civilisation since its recorded history. Gems and Jewellery (G&J) has been consumed by Indians for ages for both its aesthetic as well as investment value. India has the distinction of being the first country to introduce diamonds to the world. The country was also the first to mine, cut & polish and trade in diamonds.
The Indian G&J industry can be classified into various sub segments like diamonds, coloured stones, gold and silver jewellery, pearls, etc. However, the two major segments in India are gold and diamonds. India dominates the diamond processing trade with 11 out of 12 diamonds being cut and polished in India. India also dominates the gold and silver consumption globally with consumption of approximately 700 tonnes (gold) p.a. A major foreign exchange earner, the industry is also notable in providing employment to 1.5 mn people directly and indirectly.
The industry is characterised by a significantly large unorganised sector, labour-intensive operations, high working capital & raw material intensiveness, gold price volatility and export orientation. The demand for gold and diamond jewellery is driven by festivals, weddings and gifts, the increasing affluence of the middle class population and the increase in per capita spent on luxury items.
Though India plays a dominant role in the G&J industry in terms of processing and consumption, mining of gold and diamond is amongst the lowest in the world. India imports gold and rough diamonds along with other precious metals. Gold is purchased from countries like Switzerland, South Africa, Australia and UAE, and rough diamonds are sourced from Belgium, UK, Israel and UAE. There is an impact on the demand for gold given the record high price of gold in the last couple of years, but consumers have remained bullish on the precious metal and there is an increased investment-related demand for gold.
CARE Research expects organised retail to grow because of the changed buying preference of the increasing younger population through the introduction of hallmarking and certifications. The key drivers for growth in the industry are increasing disposable income, conscious marketing efforts, rising young population with the urge to spend on jewellery since it’s regarded a fashion accessory. Indian G&J players are recognizing the importance of diversifying their business to emerging markets like China and the Middle East and not completely relying on the US as was the case before the financial crisis. However, it will be difficult to replace the US which is still the largest diamond market in the world. We now expect emerging market countries to be the engines of future growth for the diamond market as the demand from developed countries will remain subdued for some time to come.
Based on the gradual recovery in the global markets, CARE Research has investigated some of the leading indicators that signal a growing momentum in the Indian G&J sector. Factors like significantly lower inventory levels as compared to the period of financial crisis, a huge jump in export numbers, lower unemployment levels and stable rough diamond prices, all reveal a resurgence in the sector which was so critically impacted during the financial crisis when demand from developed countries plummeted.
For an in-depth analysis and CARE Research’s forecast of this sector, please refer to the exhaustive Report on the Indian Gems and Jewellery Industry by CARE Research.
The report elucidates facts on the Indian Gems & Jewellery Industry, supplemented by the latest available data. Emphasis is laid on the following topics to accomplish the report.
*
Evolution and the current state of the industry.
*
Product profile of various categories of gems and jewellery like diamond, gold, silver and coloured gemstones.
*
Industry characteristics elaborated with respect to raw material, labour and working capital intensiveness, unorganised sector, export orientation and branding & certification.
*
Demand-supply scenario and detailed discussion on demand drivers, increasing affluence and middle class population and shift in buying patterns.
*
Extensive coverage on export & import trade with the latest three-year data on product-wise and country-wise exports of gems and jewellery and product-wise imports of gems and jewellery.
*
Cost analysis analysing raw material cost and interest cost.
*
A brief note on duty structure and government regulations in the industry.
*
SWOT analysis and Porter’s Five Force model.
*
A brief overview of five key companies with the latest three-year data on financial and operational parameters, company action-plan, their strengths and weaknesses and company outlook.
For more information visit
http://www.bharatbook.com/detail.asp?id=86041&rt=Indian-Gems-and-Jewellery-Industry.html
OR Contact us at
207, Hermes Atrium, Sector 11, CBD Belapur, Navi Mumbai – 400 614, India.
Phone : +91 22 2757 8668 / 2757 9438
Fax : +91 22 2757 9131
E-mail : info@bharatbook.com
Website : www.bharatbook.com
Follow us on twitter: http://twitter.com/3bbharatbook
Please visit our blog at http://bharatbookseo.blogsome.com
The Indian G&J industry can be classified into various sub segments like diamonds, coloured stones, gold and silver jewellery, pearls, etc. However, the two major segments in India are gold and diamonds. India dominates the diamond processing trade with 11 out of 12 diamonds being cut and polished in India. India also dominates the gold and silver consumption globally with consumption of approximately 700 tonnes (gold) p.a. A major foreign exchange earner, the industry is also notable in providing employment to 1.5 mn people directly and indirectly.
The industry is characterised by a significantly large unorganised sector, labour-intensive operations, high working capital & raw material intensiveness, gold price volatility and export orientation. The demand for gold and diamond jewellery is driven by festivals, weddings and gifts, the increasing affluence of the middle class population and the increase in per capita spent on luxury items.
Though India plays a dominant role in the G&J industry in terms of processing and consumption, mining of gold and diamond is amongst the lowest in the world. India imports gold and rough diamonds along with other precious metals. Gold is purchased from countries like Switzerland, South Africa, Australia and UAE, and rough diamonds are sourced from Belgium, UK, Israel and UAE. There is an impact on the demand for gold given the record high price of gold in the last couple of years, but consumers have remained bullish on the precious metal and there is an increased investment-related demand for gold.
CARE Research expects organised retail to grow because of the changed buying preference of the increasing younger population through the introduction of hallmarking and certifications. The key drivers for growth in the industry are increasing disposable income, conscious marketing efforts, rising young population with the urge to spend on jewellery since it’s regarded a fashion accessory. Indian G&J players are recognizing the importance of diversifying their business to emerging markets like China and the Middle East and not completely relying on the US as was the case before the financial crisis. However, it will be difficult to replace the US which is still the largest diamond market in the world. We now expect emerging market countries to be the engines of future growth for the diamond market as the demand from developed countries will remain subdued for some time to come.
Based on the gradual recovery in the global markets, CARE Research has investigated some of the leading indicators that signal a growing momentum in the Indian G&J sector. Factors like significantly lower inventory levels as compared to the period of financial crisis, a huge jump in export numbers, lower unemployment levels and stable rough diamond prices, all reveal a resurgence in the sector which was so critically impacted during the financial crisis when demand from developed countries plummeted.
For an in-depth analysis and CARE Research’s forecast of this sector, please refer to the exhaustive Report on the Indian Gems and Jewellery Industry by CARE Research.
The report elucidates facts on the Indian Gems & Jewellery Industry, supplemented by the latest available data. Emphasis is laid on the following topics to accomplish the report.
*
Evolution and the current state of the industry.
*
Product profile of various categories of gems and jewellery like diamond, gold, silver and coloured gemstones.
*
Industry characteristics elaborated with respect to raw material, labour and working capital intensiveness, unorganised sector, export orientation and branding & certification.
*
Demand-supply scenario and detailed discussion on demand drivers, increasing affluence and middle class population and shift in buying patterns.
*
Extensive coverage on export & import trade with the latest three-year data on product-wise and country-wise exports of gems and jewellery and product-wise imports of gems and jewellery.
*
Cost analysis analysing raw material cost and interest cost.
*
A brief note on duty structure and government regulations in the industry.
*
SWOT analysis and Porter’s Five Force model.
*
A brief overview of five key companies with the latest three-year data on financial and operational parameters, company action-plan, their strengths and weaknesses and company outlook.
For more information visit
http://www.bharatbook.com/detail.asp?id=86041&rt=Indian-Gems-and-Jewellery-Industry.html
OR Contact us at
207, Hermes Atrium, Sector 11, CBD Belapur, Navi Mumbai – 400 614, India.
Phone : +91 22 2757 8668 / 2757 9438
Fax : +91 22 2757 9131
E-mail : info@bharatbook.com
Website : www.bharatbook.com
Follow us on twitter: http://twitter.com/3bbharatbook
Please visit our blog at http://bharatbookseo.blogsome.com
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