Gems & Jwellery Industry

8/9/2019 Gems & Jwellery Industry

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GEMS & JWELLERY INDUSTRY

Submitted To:

Dr. Vijay Joshi

Presented By:

Ankita jariwala (09)


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OVERVIEW

Indian gems and jewelry market is the fastest growing jewelry

market with annual rate of 15%.

Export of over US$15.5billion; 18% of Indian exports .

India is the largest consumer of gold jewelry in the world for about20%

India is the largest diamond cutting & polishing centre of the world.

Third largest consumer of polished diamonds after the US & Japan.

Account for 60% value share, 82% by carats, 95% of the world

market by number of pieces.

Provide employment to 1.5 million workers.

Out of 12 diamonds 11 diamonds are polished in India.


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HISTORY

India has the largest continuous ligancy of jewelry making since

RAMAYAN & MAHABHARAT times.

Indians are the first to start jewelry making.

India was the first country to mine diamonds.

Formerly diamonds were cutting & polishing traditionally.

Nowadays diamonds are cutting & polished by adopting new technology.

Many institutes provides degree, diploma & certified courses for gem &

jewelry education. For Ex. Indian Institute of Gemology etc.

Gem and jewelry export promotional council worked to promote export

of gems and jewelry.

Government has also introduced many measures to promote gem and

jewelry sector.


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INDUSTRY SECTOR

Organized sector4%

Unorganized sector96%

Organized sector is expected to grow at 14% to US$ 2.2billion

by 2010Market of branded jewelry increased by 20 to 30% annually.

India dominates the diamond processing trade with 11 out of12 diamonds being cut and polished in India.

Industry provide employment to 1.5 million people.

India is gaining prominence as an international sourcingdestination for high quality designer jewelry.

Walmart, JC Penney etc. procure jewelry from India.


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INI INDUSTRY SECTOR


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INDUSTRY STRUCTURE

Polished Diamonds: India is one of the best markets in the world in the polisheddiamonds for its world-class quality of diamonds as well as exquisite cutting skills.

Surat and Jaipur are famous as world class polishing and designing centers.

Gem Stones: This category refers to the stones other than diamonds, these stones

comes under two basic categories that are precious stones and Semi precious

stones. India's exports of gems have crossed 5000000 carats this year.

Gold and Jewelry: This category represents the gold and Jewelry, which is used inthe manufacturing of various ornaments.

Synthetic Stones: Synthetic diamond is diamond produced through chemical or

physical processes in a laboratory. Synthetic diamonds are also called cultured

diamonds. . This is an upcoming market in India.


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EXPORTS

Exports of Gem & Jewelry from 2000-01 To 2005-06(CRS.)ITEMS 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06

cut &

polished

diamonds 28042 28346 34298 39551 50074 41669Gold

5220 5538 7301 12225 17112 17015Colored

stones 924 867 926 818 864 1029

Pearls 12 13 21 19 12 14

Non-gold 255 305 410 457 580 640.65

jewelry

synthetic

stones 7 11 5 5 4 3

Source: GJEPC, India


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CHARTS OF EXPORTS

0

10000

20000

30000

40000

50000

60000

cut & polished daimonds Gold

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

0

5

10

15

20

25

synthetic stones Pearls

Series1

Series2

Series3

Series4

Series5Series6

0

200

400

600

800

1000

1200

coloured stones Non-gold

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06


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POTENTIAL

Gems and Jewelry hub

Rich tradition / heritage of craftsmanship with high level ofskills

Low production costs

Effective worldwide distribution network for promotion andmarketing.

Diamond polishing capital of the world.

Manufacturing excellence


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LIMITATION

Large presence of unorganized sector.

Increase in gold jewelry consumption.

Increase in gold prizes.

Cheating on caratage.

Possible long term threat from China.

Continued support from government crucial.


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RECESSION

Indian Gems and Jewelry Exports

declined in Feb-09 totaled 5692 crs

compared to 7071 crs in Feb-08.

Diamond exports declined in feb-09

totaled 4224 crs compared to 5246 crs

in Feb-08.

Gold Jewelry exports totaled 1331 crs

in Feb-09, while export of gold jewelrystood at 1680 crs in Feb-08.

As reason many people has lost their

jobs. Many gold and diamond

processing units shut down.

0

1000

2000

3000

4000

5000

6000

7000

8000

Jan-08 Jan-09

Gem & jwelery

Cut & polished

gold jewlery


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CLUSTERS IN INDIA


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GEM & JEWLERY INDUSTRY IN

GUJARAT


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SMALL INDUSTRY CLUSTERS


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GEMS & JEWELRY EXPORT PRAMOTIONAL

COUNCIL

Gem and Jewelry Export Promotion Council (GJEPC)

The Gem and Jewelry Export Promotion Council is a representativebody of trade. The following initiatives have been taken by thecouncil in order to enhance competitiveness such as:

Preparation of a medium term exports strategy for various sectorsincluding gems and jewelry by the Ministry of Commerce.

Exploring the possibility of direct procurement of rough diamondsfrom mining countries.

Promotion of Indian diamonds and jewelry abroad throughadvertisements, publicity and participation in internationalfairs, buyer-seller meets and direct approach to market retailers.

Market study through experts in the field to identify new markets.

Promotion of export of 'hallmark' jewelry from India to assureforeign customers of quality and purity of jewelry made in India.


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FUTURE

The Indian gems & jewelry sector is expected to cross US$ 26

billion by 2012.

The Indian gems & jewelry sector is expected to grow at

compound annual growth rate of around 14% from 2009 to2012.

The consumption of the diamond jewelry is expected to

touch US$ 6.41 billion in 2012.

State Run National Mining Development Corporation(NMDC)

planned to produced close to 100000 carats of diamonds fromthe panna diamond mines in Madhya Pradesh.(2010-11).


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THANK YOU

Gems & Jwellery Industry

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