GEMS & JEWELLERY INDUSTRY
Trade Scenario In India
• Nominal GDP- 11th Largest In The World
• Purchasing Power Parity (Ppp)- 4th Largest
• Growth Rate-8.9%
• Exports - $30billion
• Imports - $30billion
• India GDP surges 8.9% in the 3rd quarter
Exports Of India
1.Inorganic/Organic/Agro Chemicals
2.India Export Of Machinery And Instruments
3.India Export Of Marine Products
4.India Export Of Gems & Jewelry
5.India Export Of Cotton Yarn, Fabrics etc
Jewellery Industry In India
• Major markets: United States- 30% Hong Kong, UAE, Belgium, Israel, Japan, Thailand and the United Kingdom new markets such as South America and East Asia • The industry, constitutes around 20 percent of the country's total exports, affected by the
massive global economic recession in the last two years
• Diamond-studded jewellery now comes with a buyback guarantee, of 90 per cent of resale value.
• Gems, jewellery exports up 39%.
• Surat- 3rd largest consumer of polished diamonds
• Import – 1888crore
• Export - $8 billion
Our Company- Jewellery Joy
•The company was formed in 2001
• It deals in export of all kinds of diamond studded jewellery
•It does not operate on a very large scale
•Few fixed customers
•They collaborate with retailers to gain customers
•Profitable company
•Import of diamonds from Surat- Gujarat
Export Process
Company Formation
Registration
Export Order
Contract
Procurement / Manufacturing
Packaging & Labeling
Shipment
Receipt of Goods & Payment
CompanyBank account
Mode of Operations
Company Formation
• Its is a sole proprietory concern
• Current A/c in Saraswat Co-operative Bank
• The name of the company is Jewellery Joy
• We export custom made diamond studded jewellery Eg. Earrings, bracelets etc
• Registered Address: 55, Apollo industrial Estate, Off Mahakali Road, Andheri(East), Mumbai-400093
• Manufacturer exporter
Export Process
Company Formation
Registration
Export Order
Contract
Procurement / Manufacturing
Packaging & Labeling
Shipment
Receipt of Goods & Payment
IEC numberVAT Authorities
Export Promotion Council
IEC
Registration Cum Membership Certificate
Registration with VAT Authority of India
Registration with Central Excise Authority Of India
Export Process
Company Formation
Registration
Export Order
Contract
Procurement / Manufacturing
Packaging & Labeling
Shipment
Receipt of Goods & Payment
MarketChannels of Distribution
Buyers/AgentsSamples
Export License
Sample Line
• According to requirement of customer the sample is shown to them
• They inform the buyer about time taken to manufacturer and deliver
• They inform them about the price
• Sometimes they even export samples
Export Order
• Target market- UAE, USA
• Order in the form of a mail
• No buying agents
• Few trusted customers
• No overseas agents
Export OrderDear Aanchal,
My Style Your Style pc price SS/YG Total Value200BRC-40 225 14 Blue Sapphire/White 3150201BRC-47 150 12 Blue Sapphire/White 1800202BRC-48 150 10 All White Diamonds 1500204BRC-45 180 5 All White Diamonds 900204BRC-45 250 9 Green/Brown/White 2250204BRC-45 200 5 All White Diamonds 1000200BRC-40B 125 9 1125201BRC-47B 125 10 1/2" Larger 1250202BRC-48B 125 10 1/2" Larger 1250220BRC-51B 135 10 1/2" Larger 1350
15575If you have any query please let me know asap.
Thanks,
Kusum Rungta
Channel Of Distribution
• We export through sales agents –Kalyan Enterprise
• Functions that the export agents carry out
Export Process
Company Formation
Registration
Export Order
Contract
Procurement / Manufacturing
Packaging & Labeling
Shipment
Receipt of Goods & Payment
Export ContractPricing and CostingMode of payment
Exchange rate protection
Export Contract
Based On Mutual Trust
Customer Invoice
Packing List (COST & FREIGHT)
Export Payment Terms
• Time of payment: 30, 60, 90 days
• Exchange rate protection- Forward Contract
Method Of Payment
• Advance Payment
• Documentary Bills- Documents Against Acceptance
Method Of Payment- Bill Of Exchange
Export Process
Company Formation
Registration
Export Order
Contract
Procurement / Manufacturing
Packaging & Labeling
Shipment
Receipt of Goods & Payment
Arranging Finance
Manufacturing Process
Quality Inspection
Procurement/ Manufacturing
• Saraswat Bank gives pre-shipment & post-shipment finance
• Rate of Interest- 10% p.a.
• Period of Finance
Manufacturing Process
DESIGNING MOULDINGCAD DESIGNING
Manufacturing Process
CASTING EMBELLISHMENTPOLISHING
PURIFYING
RODIUM
Quality Inspection
Consignment wise Inspection
Export Process
Company Formation
Registration
Export Order
Contract
Procurement / Manufacturing
Packaging & Labeling
Shipment
Receipt of Goods & Payment
Labeling, Packaging
Packing Marking Goods
Packaging & labeling
Tin Packing
Export Process
Company Formation
Registration
Export Order
Contract
Procurement / Manufacturing
Packaging & Labeling
Shipment
Receipt of Goods & Payment
Excise ClearanceMarine Insurance
Shipment of Goods
Insurance
Individual Shipping Policy
Airway Bill- For consignor
Airway Bill- For Consignee
Certificate of origin
Export Process
Company Formation
Registration
Export Order
Contract
Procurement / Manufacturing
Packaging & Labeling
Shipment
Receipt of Export Proceeds
Future Plans
•Operate on a larger scale
•Appoint more buying agents
•Appoint overseas agent
•Participate in International trade & exhibitions
•Try to capture big showrooms as their customers
THANK YOU
Yogesh Bohra- 17Jaydeep Italia-18Aastha Godha-35Disha Anand-36Ashwini Laad-53Shahrukh Lakhani-54Forum Chauhan- 2018
Top Related