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    Market size Gold demand in India rose to 454.4 tonnes between January-September 2017. India's gems and jewellery exports stood at US$ 24.89 billion in April-December 2017. During the same period, exports of cut and polished diamonds stood at US$ 17.2 billion, thereby contributing about 69 per cent of the total gems and jewellery exports in value terms. Exports of gold coins and medallions stood at US$ 1,736.02 million and silver jewellery export stood at US$ 3,114.85 million during April-December 2017. The gems and jewellery market in India is home to more than 300,000 players, with the majority being small players. Its market size is about US$ 60 billion as of 2017 and is expected to reach US$ 100-110 billion by 2021-2022. It contributes 29 per cent to the global jewellery consumption. India is one of the largest exporters of gems and jewellery and the industry is considered to play a vital role in the Indian economy as it contributes a major chunk to the total foreign reserves of the country. UAE, US, Russia, Singapore, Hong Kong, Latin America and China are the biggest importers of Indian jewellery. The Goods and Services Tax (GST) and monsoon will steer India’s gold demand going forward. Investments/Developments The Gems and Jewellery sector is witnessing changes in consumer preferences due to adoption of western lifestyle. Consumers are demanding new designs and varieties in jewellery, and branded jewellers are able to fulfil their changing demands better than the local unorganised players. Moreover, increase in per capita income has led to an increase in sales of jewellery, as jewellery is a status symbol in India. The cumulative Foreign Direct Investment (FDI) inflows in diamond and gold ornaments in the period April 2000 - September 2017 were US$ 1,045.58 million, according to Department of Industrial Policy and Promotion (DIPP). Some of the key investments in this industry are listed below. An international diamond exchange will be set up in Surat by October 2020 at a cost of Rs 2,400 crore (US$ 372million). Companies such as PC Jewellers, PNG Jewellers, Popley and Sons, are planning to introduce a virtual-reality (VR) experience for their customers. The customer will have to wear a VR headset, through which they can select any jewellery, see the jewellery from different angles and zoom on it to view intricate designs.

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    Market size Gold demand in India rose to 454.4 tonnes between January-September 2017. India's gems and jewellery exports stood at US$ 24.89 billion in April-December 2017. During the same period, exports of cut and polished diamonds stood at US$ 17.2 billion, thereby contributing about 69 per cent of the total gems and jewellery exports in value terms. Exports of gold coins and medallions stood at US$ 1,736.02 million and silver jewellery export stood at US$ 3,114.85 million during April-December 2017. The gems and jewellery market in India is home to more than 300,000 players, with the majority being small players. Its market size is about US$ 60 billion as of 2017 and is expected to reach US$ 100-110 billion by 2021-2022. It contributes 29 per cent to the global jewellery consumption. India is one of the largest exporters of gems and jewellery and the industry is considered to play a vital role in the Indian economy as it contributes a major chunk to the total foreign reserves of the country. UAE, US, Russia, Singapore, Hong Kong, Latin America and China are the biggest importers of Indian jewellery. The Goods and Services Tax (GST) and monsoon will steer India’s gold demand going forward. Investments/Developments The Gems and Jewellery sector is witnessing changes in consumer preferences due to adoption of western lifestyle. Consumers are demanding new designs and varieties in jewellery, and branded jewellers are able to fulfil their changing demands better than the local unorganised players. Moreover, increase in per capita income has led to an increase in sales of jewellery, as jewellery is a status symbol in India. The cumulative Foreign Direct Investment (FDI) inflows in diamond and gold ornaments in the period April 2000 - September 2017 were US$ 1,045.58 million, according to Department of Industrial Policy and Promotion (DIPP). Some of the key investments in this industry are listed below. An international diamond exchange will be set up in Surat by October 2020 at a cost of Rs 2,400 crore (US$ 372million). Companies such as PC Jewellers, PNG Jewellers, Popley and Sons, are planning to introduce a virtual-reality (VR) experience for their customers. The customer will have to wear a VR headset, through which they can select any jewellery, see the jewellery from different angles and zoom on it to view intricate designs.

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    © All Rights Reserved
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    26 views1 page

    COMPANY LIST Updated Recently

    Uploaded by

    bhagathnagar
    Market size Gold demand in India rose to 454.4 tonnes between January-September 2017. India's gems and jewellery exports stood at US$ 24.89 billion in April-December 2017. During the same period, exports of cut and polished diamonds stood at US$ 17.2 billion, thereby contributing about 69 per cent of the total gems and jewellery exports in value terms. Exports of gold coins and medallions stood at US$ 1,736.02 million and silver jewellery export stood at US$ 3,114.85 million during April-December 2017. The gems and jewellery market in India is home to more than 300,000 players, with the majority being small players. Its market size is about US$ 60 billion as of 2017 and is expected to reach US$ 100-110 billion by 2021-2022. It contributes 29 per cent to the global jewellery consumption. India is one of the largest exporters of gems and jewellery and the industry is considered to play a vital role in the Indian economy as it contributes a major chunk to the total foreign reserves of the country. UAE, US, Russia, Singapore, Hong Kong, Latin America and China are the biggest importers of Indian jewellery. The Goods and Services Tax (GST) and monsoon will steer India’s gold demand going forward. Investments/Developments The Gems and Jewellery sector is witnessing changes in consumer preferences due to adoption of western lifestyle. Consumers are demanding new designs and varieties in jewellery, and branded jewellers are able to fulfil their changing demands better than the local unorganised players. Moreover, increase in per capita income has led to an increase in sales of jewellery, as jewellery is a status symbol in India. The cumulative Foreign Direct Investment (FDI) inflows in diamond and gold ornaments in the period April 2000 - September 2017 were US$ 1,045.58 million, according to Department of Industrial Policy and Promotion (DIPP). Some of the key investments in this industry are listed below. An international diamond exchange will be set up in Surat by October 2020 at a cost of Rs 2,400 crore (US$ 372million). Companies such as PC Jewellers, PNG Jewellers, Popley and Sons, are planning to introduce a virtual-reality (VR) experience for their customers. The customer will have to wear a VR headset, through which they can select any jewellery, see the jewellery from different angles and zoom on it to view intricate designs.

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