Gems and Jewelry Market in India 2013
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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.
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.
Slide 1: Executive Summary
MACROECONOMIC INDICATORS
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)
INTRODUCTION
Slide 5: Gems and Jewelry – Segments Overview
Slide 6-7: Gems and Jewelry – Segments Description
VALUE CHAIN
Slide 8: Gems and Jewelry – Value Chain
Slide 9: Pockets of Jewelry Manufacturing in India
MARKET OVERVIEW
Slide 10: Gems & Jewelry – Market Overview, Market Size & Growth (Value-Wise; 2012 – 2017e)
Slide 11: Jewelry Market – Segments Overview, Market Segmentation (Value-Wise; 2012, 2017e)
Slide 12: Gold – Market Overview, Market Size & Growth of Gold for Jewelry (Volume-Wise; 2012 – 2017e), Market Size & Growth of Gold for Investment (Volume-Wise; 2012 – 2017e)
Slide 13: Diamond-Studded Jewelry – Market Overview, Market Size & Growth (Value-Wise; 2012 – 2017e)
Slide 14: Colored Gemstones – Market Overview, Market Size & Growth (Value-Wise; 2012 – 2017e)
EXIM
Slide 15: Gems and Jewelry – Export-Import Overview
Slide 16-31: Export of Gems and Jewelry – Overview, Size (Value-Wise; 2009-10 – 2012-13), Region-Wise (Value-Wise; 2012-13), Import of Gems and Jewelry – Overview, Size (Value-Wise; 2009-10 – 2012-13), Region-Wise (Value-Wise; 2012-13)
DRIVERS & CHALLENGES
Slide 32: Drivers and Challenges – Summary
Slide 33-38: Drivers
Slide 39-42: Challenges
TRENDS
Slide 43: Key Trends – Summary
Slide 44-51: Major Trends in the Market
INDUSTRY BODIES AND ASSOCIATIONS
Slide 52-57: Major Industry Bodies – Overview, Objectives and Roles & Responsibilities
GOVERNMENT POLICIES AND INITIATIVES
Slide 58: Government Policies and Initiatives – Summary
Slide 59-66: Major Policies and Initiatives Impacting the Sector
COMPETITIVE LANDSCAPE
Slide 67: Porter’s Five Forces Analysis
Slide 68-72: Competitive Benchmarking
Slide 73-156: Major Companies
STRATEGIC RECOMMENDATION
Slide 157-158: Key Recommendations
APPENDIX
Slide 159-164: HS Code Description
Slide 165: Key Ratios Description
Slide 166: Sources of Information
MACROECONOMIC INDICATORS
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)
INTRODUCTION
Slide 5: Gems and Jewelry – Segments Overview
Slide 6-7: Gems and Jewelry – Segments Description
VALUE CHAIN
Slide 8: Gems and Jewelry – Value Chain
Slide 9: Pockets of Jewelry Manufacturing in India
MARKET OVERVIEW
Slide 10: Gems & Jewelry – Market Overview, Market Size & Growth (Value-Wise; 2012 – 2017e)
Slide 11: Jewelry Market – Segments Overview, Market Segmentation (Value-Wise; 2012, 2017e)
Slide 12: Gold – Market Overview, Market Size & Growth of Gold for Jewelry (Volume-Wise; 2012 – 2017e), Market Size & Growth of Gold for Investment (Volume-Wise; 2012 – 2017e)
Slide 13: Diamond-Studded Jewelry – Market Overview, Market Size & Growth (Value-Wise; 2012 – 2017e)
Slide 14: Colored Gemstones – Market Overview, Market Size & Growth (Value-Wise; 2012 – 2017e)
EXIM
Slide 15: Gems and Jewelry – Export-Import Overview
Slide 16-31: Export of Gems and Jewelry – Overview, Size (Value-Wise; 2009-10 – 2012-13), Region-Wise (Value-Wise; 2012-13), Import of Gems and Jewelry – Overview, Size (Value-Wise; 2009-10 – 2012-13), Region-Wise (Value-Wise; 2012-13)
DRIVERS & CHALLENGES
Slide 32: Drivers and Challenges – Summary
Slide 33-38: Drivers
Slide 39-42: Challenges
TRENDS
Slide 43: Key Trends – Summary
Slide 44-51: Major Trends in the Market
INDUSTRY BODIES AND ASSOCIATIONS
Slide 52-57: Major Industry Bodies – Overview, Objectives and Roles & Responsibilities
GOVERNMENT POLICIES AND INITIATIVES
Slide 58: Government Policies and Initiatives – Summary
Slide 59-66: Major Policies and Initiatives Impacting the Sector
COMPETITIVE LANDSCAPE
Slide 67: Porter’s Five Forces Analysis
Slide 68-72: Competitive Benchmarking
Slide 73-156: Major Companies
STRATEGIC RECOMMENDATION
Slide 157-158: Key Recommendations
APPENDIX
Slide 159-164: HS Code Description
Slide 165: Key Ratios Description
Slide 166: Sources of Information
Market
- Gems and Jewelry (G&J) market in India was valued at INR ‘a’ bn in 2012 and is expected to grow at x% CAGR
- G&J market includes gemstones such as diamonds, colored stones and pearls; and precious metals and jewelry such as gold & gold jewelry, silver jewelry and gemstones-studded jewelry
Drivers:
- Mass appeal and growing income among households
- Low cost and abundance of skilled labor
- Growing use of high-end technology
- Advantages of SEZs
- Changing consumer perceptions & preferences
- Growing training institutes
Challenges:
- Rising gold prices
- Stiff competition among players
- Dependence on raw materials imports
- Emerging threat
Trends
- Growing organized retail space
- Aggressive marketing and advertising
- Online retailing of jewelry
- Preference towards affordable jewelry
- Trends
- Large scale shows and exhibitions
- Domestic players acquiring foreign companies
- Investments from PE firms
