Indian Gems and Jewellery Market - Present and Future Outlook
The Gems and Jewelry market in India has a very strong potential due to low production cost and highly skilled labour. Here gold dominates the market accounting for highest demand though in recent years platinum and diamonds are the top fashion symbols. Stones have also taken a place among a different group of people who believe in spiritualism; still this segment is on the development stage. In terms of regional classification, each region accounts for a special type of jewelry or follow a traditional style of jewelry making, like Karnataka is famous for temple jewelry.
The rural jewellery market in India is set to grow strongly despite the global economic meltdown. Overall sales of jewellery dominated by the plain gold variety in India through 2008 rose by 23 percent over 2007.
In the time of economic depression, budgetary pressure is a major constraint, resulting high gold prices. The situation of the Indian jewelry sector is cautious for the next two years (2010-2012) due to high prices and budget constraints. The global demand for precious metals for manufacturing of jewellery has gone down by more than 700 tonnes from 2004 to 2008.
Disposable income is one of the factors influencing demand for diamond jewelry; with growing income level purchasing power of individual is also becoming strong. Overall exports during the period between April 2008 and February 2009 saw gems and jewellery exports at US$~ billion, showing a decline (but a rise of 5.65 percent in rupee terms) as compared to US$~ billion in the same period previous year.
There is a massive demand for hand-made jewellery, especially in ethnic Indian designs, from the sizeable Indian emigrant population in the Middle-East, South-East Asian countries, the US and Canada among others.
In 2010, retail sales for jewellery is expected to reach US$~billion alone in India and further expected to reach US$~ billion by 2015. Despite the economic slowdown, this sector is expected to continue to shine in coming years. In terms of domestic sales, branded jewellery is likely to become the fastest growing segment and is expected to witness a growth of ~% per annum to US$~ billion by 2010.
The rural jewellery market in India is set to grow strongly despite the global economic meltdown. Overall sales of jewellery dominated by the plain gold variety in India through 2008 rose by 23 percent over 2007.
In the time of economic depression, budgetary pressure is a major constraint, resulting high gold prices. The situation of the Indian jewelry sector is cautious for the next two years (2010-2012) due to high prices and budget constraints. The global demand for precious metals for manufacturing of jewellery has gone down by more than 700 tonnes from 2004 to 2008.
Disposable income is one of the factors influencing demand for diamond jewelry; with growing income level purchasing power of individual is also becoming strong. Overall exports during the period between April 2008 and February 2009 saw gems and jewellery exports at US$~ billion, showing a decline (but a rise of 5.65 percent in rupee terms) as compared to US$~ billion in the same period previous year.
There is a massive demand for hand-made jewellery, especially in ethnic Indian designs, from the sizeable Indian emigrant population in the Middle-East, South-East Asian countries, the US and Canada among others.
In 2010, retail sales for jewellery is expected to reach US$~billion alone in India and further expected to reach US$~ billion by 2015. Despite the economic slowdown, this sector is expected to continue to shine in coming years. In terms of domestic sales, branded jewellery is likely to become the fastest growing segment and is expected to witness a growth of ~% per annum to US$~ billion by 2010.
1. INDUSTRY CHAIN ANALYSIS
1.1 Forms of Jewellery in India
2. JEWELLERY DEMAND AND CONSUMPTION
2.1 Platinum Jewellery Demand
2.2 Gold Jewellery Demand
2.3 Demand for Precious Metal
2.4 Domestic Diamond Jewellery Demand
3. TRADE OF INDIAN JEWELLERY IMPORTS/EXPORTS
4. CURRENT INDUSTRY TRENDS
4.1 Trade of Jewellery Facing Heat of Global Economic Slowdown
4.2 Constraints/Problems in the Indian Gems and Jewellery Industry
Large Presence of Unorganised Sector
Threat from China and Technology
4.3 Retail Sector Performance
5. FUTURE OUTLOOK OF INDIAN GEMS AND JEWELLERY SECTOR
6. DOMESTIC PLAYERS PROFILING
6.1 Industry Competition
6.2 Tanishq
6.2.1 Business Overview
6.2.2 Business Developments
6.3 Gitanjali Lifestyle Ltd. (GLL)
6.3.1 Business Overview
6.3.2 Financial Performance
6.3.3 Business Developments
1.1 Forms of Jewellery in India
2. JEWELLERY DEMAND AND CONSUMPTION
2.1 Platinum Jewellery Demand
2.2 Gold Jewellery Demand
2.3 Demand for Precious Metal
2.4 Domestic Diamond Jewellery Demand
3. TRADE OF INDIAN JEWELLERY IMPORTS/EXPORTS
4. CURRENT INDUSTRY TRENDS
4.1 Trade of Jewellery Facing Heat of Global Economic Slowdown
4.2 Constraints/Problems in the Indian Gems and Jewellery Industry
Large Presence of Unorganised Sector
Threat from China and Technology
4.3 Retail Sector Performance
5. FUTURE OUTLOOK OF INDIAN GEMS AND JEWELLERY SECTOR
6. DOMESTIC PLAYERS PROFILING
6.1 Industry Competition
6.2 Tanishq
6.2.1 Business Overview
6.2.2 Business Developments
6.3 Gitanjali Lifestyle Ltd. (GLL)
6.3.1 Business Overview
6.3.2 Financial Performance
6.3.3 Business Developments
LIST OF CHARTS AND TABLES
Figure: Segmentation of Gems and Jewelry
Figure: Jewellery Demand in India by Value in 2008
Figure: Precious Metal Demand by Volume (2004&2008)
Figure: Diamond Jewellery Retail Sales in India (1995-2008)
Figure: Jewellery Export by Product Group in 2007
Figure: Production of Gold in India (2000-2006)
Figure: Retail Sales of Jewellery in India (2000-2006, 2010E and 2015E)
Figure: Jewellery Retailers in India
Table: Demand and Consumption of Jewellery in India (1998-2006)
Figure: Segmentation of Gems and Jewelry
Figure: Jewellery Demand in India by Value in 2008
Figure: Precious Metal Demand by Volume (2004&2008)
Figure: Diamond Jewellery Retail Sales in India (1995-2008)
Figure: Jewellery Export by Product Group in 2007
Figure: Production of Gold in India (2000-2006)
Figure: Retail Sales of Jewellery in India (2000-2006, 2010E and 2015E)
Figure: Jewellery Retailers in India
Table: Demand and Consumption of Jewellery in India (1998-2006)
