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Bharatbook.com : India Plays a Dominant Role in the Gems and Jewellery Industry
Bharatbook.com launches a new report on "Indian Gems and Jewellery Industry January 2009" which gives structure and development of Gems and Jewellery Industries in India.
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July 18, 2009 (FPRC) -- Indian Gems and Jewellery Industry January 2009
Gems and Jewellery (GJ) has been used by the Indian civilisation since ages for both its aesthetic as well as investment purposes. Precious metals and stones have been an integral part of the Indian civilisation since its recorded history. 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 GJ 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 about 800 tonnes p.a.. The industry holds prominent significance as it is a net exporter and provides employment to 1.3 mn people directly and indirectly.
( http://www.bharatbook.com/Market-Research-Reports/Indian-Gems-and-Jewellery-Industry-January-2009.html )
The report elucidates facts on the Indian Gems and Jewellery Industry, supplemented by the latest available data. Emphasis is laid on the following topics to accomplish the report.
• Evolution and 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 comment on demand drivers being continuous traditional demand, increasing affluent and middle class population and shift in buying patterns.
• Extensive coverage on export & import trade with latest 3 years 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 latest 3 years data on financial and operational parameters, company action plan, their strengths and weaknesses and company outlook.
The industry is characterised by highly unorganised trade, labour intensive operations, working capital & raw material intensiveness, price volatility of gold especially and export orientation. Demand for gold and diamond jewellery is driven by festivals and wedding, increasing affluent and middle class population, increase in per capita spend on luxury items, etc. Though India plays a dominant role in the GJ 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, UAE, etc and rough diamonds are sourced from Belgium, UK, Israel, UAE, etc. With political pressure to increase local beneficiation in African mining nations, new cutting and polishing centres like Botswana, Nambia, Angola will emerge, reducing India’s dominance in diamond processing.
To know more and to buy a copy of your report feel free to visit : http://www.bharatbook.com/Market-Research-Reports/Indian-Gems-and-Jewellery-Industry-January-2009.html
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Keywords:
India, jewellery, diamond
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