Abstract
Gems and jewellery market is one of the fastest growing in the world, and in
India as well. According to “Indian Gems and Jewellery Market - Future
Prospects to 2011”, a report by RNCOS, 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 15% of
India' s total exports. Currently, the Indian market remains highly fragmented
but is rapidly transforming into an organized sector.
“Indian Gems and Jewellery Market - Future Prospects to 2011”
provides strategic insight into the gems and jewellery market in India. By
analyzing historic and future aspects of the market, it highlights the
potential growth areas in the market and gives am overview on the organized
and unorganized) market for gems and jewellery in the country. It also
evaluates the strengths and weaknesses of the market players to help new
entrants frame their business strategies accordingly to gain competitive
advantage.
Key Findings of the Report
- Various government incentives coupled with private sector initiatives are
projected to drive the sales of Indian gems and jewellery sector at a CAGR of
around 14% from 2007-08 to 2010-11.
- At present, the Indian gems and jewellery market is dominated by the
unorganized sector, but the trend is set to change in near future.
- The organized gems and jewellery sector is anticipated to grow rapidly in
near future, accounting for nearly 8% of the total gems and jewellery market
by 2009-10.
- With its consumption pegged at nearly 20%, India remains world' largest
gold consumer.
- Branded jewellery segment is anticipated to grow at a much faster rate
compared to other segments in near future.
- Various factors like cheap labor cost, better designs and manufacturing
practices, are making the country an attractive destination for cutting and
polishing of diamonds.
Key Questions Answered in the Report
- What is the current scenario and structure (both organized and
unorganized) of the Indian gems and jewellery market?
- What are the emerging trends in the market?
- How government support and sophisticated technology are fuelling growth
into the market?
- Which trade-related trends are ruling the market?
- What are the potential growth areas in the market?
- How the market will look like in future?
- What will be the future market structure (both organized and unorganized)?
- Who are the key players in Indian gems and jewellery industry?
Research Methodology Used in the Report
Information Sources
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.
Analysis Method
RNCOS industry forecast and analysis is 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.
Our industry experts study the relationship between various industry and
economic variables to ensure the required accuracy and desired check on the
quality of data and information given in the report.
Table of Contents
1. Analyst View
2. India Gems & Jewellery Market - An Overview
3. Key Growth Promoters
- 3.1 Skilled & Low Cost Labor
- 3.2 Sophisticated Technology
- 3.3 Government Support
- 3.4 Global Distribution Network
- 3.5 Buying Power
- 3.6 Urban Lifestyle
4. Market Performance & Future Roadmap
- 4.1 Production
- 4.2 Sales
- 4.2.1 Gold Jewellery
- 4.2.2 Diamond Jewellery
5. Export & Import
- 5.1 Gemstones
- 5.1.1 Cut & Polished Diamonds
- 5.1.2 Coloured Gemstones
- 5.1.3 Synthetic Stones
- 5.2 Jewellery
- 5.2.1 Gold
- 5.2.2 Non-gold
- 5.3 Pearls
6. Analysis of Organised Market
7. Potential New Areas
- 7.1 Cutting & Polishing Industry
- 7.2 Information Technology
- 7.3 Branded Jewellery
- 7.4 Training Institutes
- 7.5 Handmade Jewellery
- 7.6 Platinum Jewellery
- 7.7 Cutting & Polishing Machines
8. Roadblocks
- 8.1 Unorganised Sector
- 8.2 Threat from China
- 8.3 Polishing in African Countries
- 8.4 Limited Potential for Value-addition
9. Competitive Landscape
9.1 Rajesh Exports Ltd 9.2 Asian Star Co Ltd 9.3 Suashish Diamonds Ltd. (SDL)
9.4 Gitanjali Gems Ltd 9.5 Tanishq
List of Figures:
- Figure 2-1: India - Jewellery Industry by Rural & Urban Areas (%), 2007
- Figure 2-2: India - Share of Family Jewellers in Gems & Jewellery Industry
(%), 2007
- Figure 2-3: India - Gold Jewellery Consumption w.r.t. World (in Tons),
2006 & 2007
- Figure 2-4: India - Share of Gems & Jewellery Market in Retail Industry
(%), 2007E
- Figure 2-5: India - Online Jewellery Sales (in Million US$), 2006 & 2007E
- Figure 3-1: India - Average Labor Cost for Cutting & Polishing Diamonds
w.r.t. Other Major Markets (in US$ per Carat), 2004
- Figure 3-2: India - Personal Disposable Income (in US$ per Head),
2003-2007E
- Figure 4-1: India - Gold Production (in Kg), 2002-03 to 2006-07E
- Figure 4-2: India - Gold Production (in Million Rs), 2002-03 to 2005-06
- Figure 4-3: India - Diamond Production (in Carat), 2002-03 to 2005-06
- Figure 4-4: India - Diamond Production (in Million Rs), 2002-03 to 2005-06
- Figure 4-5: India - Gems & Jewellery Sales* (in Billion US$), 2005-06E &
2006-07E
- Figure 4-6: India - Gems & Jewellery Sales* by Segment (%), 2006-07E
- Figure 4-7: India - Forecast for Gems & Jewellery Sales* (in Billion US$),
2007-08** to 2010-11
- Figure 4-8: India - Gold Jewellery Sales (in Billion US$), 2005-06 &
2006-07
- Figure 4-9: India - Gold Jewellery Consumption (in Tons), 2005-06 & 2006-07
- Figure 4-10: India - Share in World Gold Consumption (%), 2006-07
- Figure 4-11: India - Forecast for Gold Jewellery Sales (in Billion US$),
2007-08* to 2010-11
- Figure 4-12: India - Forecast for Share in World Gold Jewellery Sales*
(%), 2011
- Figure 4-13: India - Diamond Jewellery Retail Sales (in Billion US$),
2002-03 to 2006-07E
- Figure 4-14: India - Forecast for Diamond Jewellery Sales (in Billion
US$), 2007-08* to 2010-11
- Figure 5-1: India - Gems & Jewellery Export* (in Billion US$), 2003-04 to
2007-08**
- Figure 5-2: India - Gems & Jewellery Export by Product* (%), 2007-08**
- Figure 5-3: India - Gems & Jewellery Import* (in Billion US$), 2003-04 to
2007-08**
- Figure 5-4: India - Gems & Jewellery Import by Product* (%), 2007-08**
- Figure 5-5: India - Cut & Polished Diamond Export (in Billion US$),
2003-04 to 2007-08*
- Figure 5-6: India - Rough and Cut & Polished Diamond* Import (in Billion
US$), 2005-06 to 2007-08**
- Figure 5-7: India - Coloured Gemstone Export (in Million US$),
2003-04-2007-08*
- Figure 5-8: India - Coloured Gemstone Export* by Region (%), 2006
- Figure 5-9: India - Rough Coloured Gemstone Import (in Million US$),
2005-06 to 2007-08*
- Figure 5-10: India - Synthetic Stone Export (in Million US$), 2005-06 to
2007-08*
- Figure 5-11: India - Rough Synthetic Stone Import (in Million US$),
2005-06 to 2007-08*
- Figure 5-12: India - Gold Jewellery Export (in Billion US$), 2003-04 to
2007-08*
- Figure 5-13: India - Gold Jewellery Export* by Region (%), 2006
- Figure 5-14: India - Gold Jewellery Import (in Million US$), 2005-06 to
2007-08*
- Figure 5-15: India - Gold Bar Import (in Billion US$), 2005-06 to 2007-08*
- Figure 5-16: India - Non-gold Jewellery Export (in Million US$), 2005-06
to 2007-08*
- Figure 5-17: India - Non-gold Jewellery Import (in Million US$), 2005-06
to 2007-08*
- Figure 5-18: India - Silver Bars & Platinum Import (in Million US$),
2005-06 to 2007-08*
- Figure 5-19: India - Pearl Export (in Million US$), 2005-06 to 2007-08*
- Figure 5-20: India - Raw Pearl Import (in Million US$), 2005-06 to 2007-08*
- Figure 6-1: India - Forecast for Organised Gems & Jewellery Market (in
Million US$), 2006-07* to 2010-11
- Figure 6-2: India - Forecast for Share of Family Jewellers in Gems &
Jewellery Industry (%), 2009-10
- Figure 7-1: India - Share of Branded Jewellery in Gems & Jewellery Market
(%), 2004 & 2009-10F
List of Tables:
- Table 3-1: India - Traditional & Emerging Trends in Gems & Jewellery Market
- Table 5-1: India - Gems & Jewellery Export by Country (in Million US$),
2006-07*
- Table 5-2: India - Cut & Polished Diamond Export by Country (in Million
US$), 2006-07*
- Table 6-1: India - Progress of Hallmark Scheme (2000-01 to 2004-05 & Jan
2006)
- Table 9-1: Rajesh Exports Ltd - Strengths & Weaknesses
- Table 9-2: Asian Star Co Ltd - Strengths & Weaknesses
- Table 9-3: Suashish Diamonds Ltd. - Strengths & Weaknesses
- Table 9-4: Gitanjali Gems Ltd - Strengths & Weaknesses
- Table 9-5: Tanishq - Strengths & Weaknesses
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