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. 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.
Coverage
Overview of the gems and jewelry market in India and market size data over 2012 to 2017
Segmentation of the Indian jewelry market
Overview and market size data for gold jewelry, diamond-studded jewelry and colored gemstones over 2017 to 2021
Export-import overview of various segments of gems and jewelry, value of export-import over 2009-10 to 2012-13 and country-wise value of export-import for 2012-13
Qualitative analysis of market drivers, challenges, and regulatory measures taken by the government
Overview of the various industry bodies, their responsibilities, and measures being taken by them to aid in the development of the market
Analysis of the competitive landscape and detailed profiles of major players
Why Buy
Get a clear understanding of the gems and jewelry industry in India, how it operates and the various stages of the value chain
Understand the current market situation and future growth potential of the gems and jewelry market in India till 2017 and plan strategies to gain from it
Strategize marketing, market-entry, market expansion, and other business plans by understanding factors influencing growth in the market and purchase decisions of buyers
Identify key partnering prospects from various stages of the value chain so as to drive growth and maximize revenues
Understand your competitors business structures, strategies and prospects, and respond accordingly
Make more informed business decisions with the help of insightful recommendations provided to succeed in the gems and jewelry market
