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Albany, NY -- (SBWIRE) -- 11/01/2013 -- Netscribes’ latest market research report titled Gems and Jewelry Market in India 2013 mentions that the players operating in the gems and jewelry market will benefit from the high demand being witnessed for their products. The sector is one of the leading foreign exchange earners for the country. A number of reasons has aided growth in this sector; the most important being the love that Indians have for jewelry, especially gold.
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However, Indians are increasingly willing to spend on other forms of jewelry such as diamonds and gemstones studded in gold or precious white metals such as platinum. This trend will help in the development of the overall jewelry market and the country may not just remain one of the largest processors of rough diamonds, but may start consuming a lot of the finished, polished diamonds as well.
Although there are several industry bodies working for the development of the market, the high imports of gold into the country has resulted in several attempts by the government to restrict imports as well as reduce the consumption of gold. This is largely in order to correct the unfavorable current account deficit that the country is facing. Also, the beneficiation program in Africa acts as a threat to diamond processors in India. However, despite these challenges, the market is expected to continue to develop. Moreover, mandatory hallmarking of jewelry has ensured that the market will continue to grow steadily over the next few years.
Slide 1: Executive Summary
Slide 2: GDP at Factor Cost: Quarterly (2009-10, 2010-11, 2011-12, 2012-13), Inflation Rate: Monthly (Nov 2012 – Apr 2013)
Slide 3: Gross Fiscal Deficit: Monthly (Sep 2011-Feb 2012), Exchange Rate: Monthly (Dec 2012 – May 2013)
Slide 4: Lending Rate: Annual (2009-10, 2010-11, 2011-12, 2012-13), Trade Balance: Annual, FDI: Annual (2009-10, 2010-11, 2011-12, 2012-13)
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Slide 5: Gems and Jewelry – Segments Overview
Slide 6-7: Gems and Jewelry – Segments Description
Slide 8: Gems and Jewelry – Value Chain
Slide 9: Pockets of Jewelry Manufacturing in India
1. Gems and Jewelry – Market Size & Growth (Value-Wise; 2012 – 2017e)
2. Jewelry Market – Segmentation (Value-Wise; 2012, 2017e)
3. Gold for Jewelry – Market Size & Growth (Volume-Wise; 2012 – 2017e)
4. Gold for Investment – Market Size & Growth (Volume-Wise; 2012 – 2017e)
5. Diamond-Studded Jewelry – Market Size & Growth (Value-Wise; 2012 – 2017e)
6. Colored Gemstones – Market Size & Growth (Value-Wise; 2012 – 2017e)
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1. Export of Gems and Jewelry – For 16 HS Code Categories (Value-Wise: 2009-10 – 2012-13)
2. Import of Gems and Jewelry – For 16 HS Code Categories (Value-Wise: 2009-10 – 2012-13)
3. Region Wise Exports – For 16 HS Code Categories (Value-Wise; 2012-13)
4. Region Wise Imports – For 16 HS Code Categories (Value-Wise; 2012-13)
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