Export of Gems and Jewellary

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  • Topic: Gemstone, Diamond, Diamond simulant
  • Pages : 14 (3683 words )
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  • Published : February 18, 2011
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SFM term paper on
EXPORTS OF GEMS AND JEWELLARY IN INDIA

Submitted By:

Anusha Boddapati (10303)
Bhargava R (10307) Mahesh Kumar Goyal (10324)
Mohammad Rahamathulla (10331)
Sanjana Devarakonda (10342)
C.D. HariPriya (10353)

Tle of Contents
ABSTRACT4
INTRODUCTION5
GEM SONES5
JEWELLARY5
PEARLS5
GEMS AND JEWELLARY SECTOR6
Classification:6
Polished Diamonds6
Gem Stones7
Gold and Jewellery7
Synthetic Stones7
GLOBAL TRADE7
OBJECTIVES OF THE STUDY8
Diamond trading hub8
High-end jewellery8
SIZE8
OUTLOOK9
SHARE OF INDIAN MARKET9
SWOT ANALYSIS OF INDIAN GEMS & JEWELLERY INDUSTRY:10
Strengths:10
Weaknesses:10
Opportunities:10
Threats:10
KEY INDIAN MARKETS11
ONE OF THE INDUSTRY IN INDIA12
SU-RAJ GROUP12
Manufacturing process13
Diamonds:13
Jewellery:13
Awards13
INDIA'S EXPORTS OF GEMS & JEWELERS TREND ANALYSIS (2000-03 TO 2006-07) (IN US$ MILLION)15
TREND ANALYSIS OF CUT AND POLISHED DIAMOND15
TREND ANALYSIS OF COLORED GEM STONE16
TREND ANALYSIS OF GOLD JEWELLERY17
TREND ANALYSIS OF PEARLS18
TREND ANALYSIS OF NON GOLD JEWELLARY19
TREND ANALYSIS OF SYNTHETIC STONES20
TREND ANALYSIS OF COSTUME/FASHION JEWELLARY21
TREND ANALYSIS OF SALES TO FOREIGN TOURIST22
GOVERNMENT POLICIES23
Major measures undertaken by the government for Gems and Jewellery sector (in 2007)23
Include:23
Export facilitation measures by the Ministry Of Commerce and Industry ( as on 26th February 2009)23
CONCLUSION24
BIBLIOGRAPHY25

ABSTRACT

The Gems and Jewellary Sector is the second largest earner of foreign exchange only next to Textile Industry. It consists of Indian Gems and Jewellary Sector and device a strategy for exports. The Gems and Jewelry market in India has a very strong potential due to low production cost and highly skilled labor. 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 jewellary.

INTRODUCTION

India is a leading player in the global gems and jewellary market. The gems and jewellary industry occupies an important position in the Indian economy. It is a leading foreign exchange earner, as well as one of the fastest growing industries in the country. The GJ sector may be further categorized into the following sub-sectors based on characteristics, processing techniques, preciousness in terms of price range and marketability. GEM SONES

* DIAMONDS
* COLORED STONES-PRECIOUS, SEMI-PRECIOUS, synthetic

JEWELLARY
* PLAIN GOLD JEWELLARY
* STUDDED JEWELLARY
* SILVER JEWELLARY
* COSTUME JEWELLARY

PEARLS

While a predominant portion of gold jewellary manufactures is for domestic consumption, a predominant portion of rough, uncut diamond processed in India in the form of either polishes diamonds or finished diamond jewellary is exported. Gold’s jewellary forms around 80% of the Indian jewellary market of RS.490 Billion with the balance compromising fabricated studded jewellary that includes diamonds studded as well as gem stone studded jewellary. Preference for gold dominates the domestic jewellary demand which is estimated to be RS.390 Billion in 2005.

The Indian gems and jewellary industry is competitive in the world market due to its low cost of production and the availability of skilled labor. In addition, the industry has set up a worldwide distribution network, of more than 3000 offices for the promotion and marketing of Indian diamonds.

GEMS AND JEWELLARY SECTOR
Diamonds, gems and Jewellery have...
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