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Address: The business will be located in the Zaveri Bazaar of Mumbai City as
that area is a manufacturing hub for jewellery industry and is a great location to
interact with potential customers and suppliers. The proper address is yet to be
decided, but the area has been narrowed down upon.
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EXECUTIVE SUMMARY
The focus of this business activity is the production and wholesaling of diamond
jewellery in India. The traditions are now being shifted and the main objective
of a piece of jewellery is that's it's an accessory. Diamonds are a girl's best
friends, therefore it's natural that detailed attention must be paid towards them.
I don't believe in being conventional so I'm altering the course of the future for
my 4 decade old family business. In the coming years, India will be the hub for
manufacturing and I intend to be actively involved during such a dramatic
change. Innovation will be coming to us on our doorstep!
If Tiffany & Co. Can attract consumers world over, why can't India give the
next big thing for the global diamond industry. There is a lot to be exploited in
the Indian diamond industry which remains unexplored. Right from budding
Jewellery designers to fresh manufacturing procedures, this business will
employ it all.
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The aim for the first 5 years of this establishment would be to earn ample
market share and a few loyal customers
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b) Fast fashion is an emerging trend in India which will affect this business.
People are less inclined towards purchasing heavy jewellery and would
rather spend on a known brand than fine jewellery which they would
rarely use.
c) Although, labour is cheap there is a scarcity of skilled labourers.
d) Emergence of China as a competitor.
e) There has also been an unusual increase in gold and rough diamonds.
f) Indias currencys standing in the foreign market is very week which
increases cost. Overall, Indias economic scenario is poor because of the
looming recession.
Critical issues for industry and environmental analysis
What are the total industry sales over the past five years? The value of
diamond jewellery sold each year is approximately US$72 billion, which
includes the cost of the diamonds, precious metals and other gems. The USA
represents the largest market (50%), followed by Japan (15%), Italy (5%),
India (3%), China (2%), The Gulf (2%) and other countries (23%).
What is the anticipated growth in this industry? The rough-diamond market
is expected to remain balanced from 2013 through 2017. From 2018 onward,
as existing mines get depleted and no major new deposits come online,
supply is expected to decline, falling behind expected demand growth that
will be driven by China, India and the US. Over the next 10-year period,
supply and demand are expected to grow at a compound annual rate of 2.0%
and 5.1%, respectively. The supply-demand outlook carries different
implications for industry players at different points along the value chain,
and it will impact the way they manage their business activities over the next
four years and in the longer run.
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PRODUCTION PLAN
Jewellery manufacturing process includes most advance technologies and
dedicated research. Jewellery making is a very composite process undergoing a
long and slow procedure making it tough from the initial point to the concluding
point. Each product undergoes a series of procedures before we get the net
product as a beautiful jewellery product.
The natural components of jewellery (stones, metal, and accessories) will
undergo multiple processes. These jewelleries are unique and involve a lot of
time and skill. Except for personalised jewellery which are hand crafted most of
jewelleries are executed by casting machines. Following is a brief description of
all the process involve in the manufacturing chain
DESIGN MAKING:
Order to produce a unique piece , the very initial step is to create a dezign , this
is the point from where the magic begins! And idea of the end product by very
talented designers who then makes a sketch of the design . this process of blue
print designing is carried out by proficient craftsmen using techniques and
methods handed.
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Each piece of jewellery starts off with a concept. A concept is basically a rough
desgn in the the mind of the designer and coastland giving art object a real hand
crafted origin the designers concept and drawings are used by the model maker
to create the original piece of jewellery .
MOULDING
Once the master piece of jewellery is complete it is used to make a high
technology mould ,which in turn is used to make wax reproduction of the
jewellery
After the sketch is complete with all the fine details, it is passed on to the
moulding section. In the moulding department the very experienced
professional moulders then turns the sketch into a master mould which sets the
base for the total procedure from the master mould is very complex level of
crafting as the final outcome rests on the master mould.
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CASTING
Casting again is a very complex process and requires utmost skilled and
experienced casters for the desired final product The wax replicas are placed in
steel containers which are then occupied with the invest ment powder and the
containers are heated in a chamber to 550 degree which solidifies the the
powder and melts the wax leaving behind a perfect effect. Liquefied metal is
then poured into the flask , allowed to cool then demolished to reveal the
jewellery in casting form Filing is an essential technique in jewel.
FILLING
Filing is an essential technique in jewellery making, and although simple in
concept following proven practices combined with the right equipment and
tools, ensures the job becomes a breeze. Filing is used in jewellery to remove
excess metal, even out surfaces, smooth or to shape, form and texture pieces.
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POLISHING
Polishing is another integral part in the process of jewellery making. Every part
must be while the mount is carefully made clean and polished to the highest
degree of smoothness so that each each and every part is attractively polishes
off. After stage setting, the polisher is credit worthy for giving the jewellery a
concluding polish compounds and rouge must be meticulously got rid of
either careful washing by hand, or by use of supersonic cle aning baths.
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EMBELLISHMENTS
Embellishments/Decorative processes: After the product has passed from the
polishing and finishing departments it has to undergo embellishment
processes. When the products get casted and foiled, the requires decorative
stones of the correct sizes and weight are cut and made with extreme
precision and are then assorted for the final setting which is done once the
products leave the foiling and finishing department.
make the master-model and to produce an exquisitely casting free from defects which needs
minimum chasing to make it perfect.
FINISHING:
Once the casting process is over and caster delvers the product to the
following department, they are then foiled with extreme attention for a
smooth and soft finish. These castings are then hand finished in order to meet
high standards.
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QUALITY CHECKING:
After plating process, the product is brought to the checking department for
quality checks. Each employee is highly skilled to detect defects and if spots a
defect, sends it back immediately to the respective department for correction.
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MARKETING PLAN
Product the business will focus primarily on the specialization of
diamond products. Rather than varying the product range, importance
will be placed on manufacturing and distributing diamond Jewellery .
This gives then firm a competitive edge since consumers will perceive
it as a highly specialized brand with great expertise in the area of
diamonds. Broadly, the products will be divided in categories
according to their function. The core products would include rings,
earrings, necklaces, bracelets and watches.
Price The pricing strategy would vary from product product because
it would depend on the karats of each product. However, here is a
general overview:
-38,000-43,000 per Carat.
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Gems and jewelry exhibition - not only is this is a great place for
networking and socializing but also a hotbed for gathering
information on new and trending designs. This is also a great place for
strategic branding
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For risks of operation modes: The main reasons for the profit loss of
current enterprises of jewelry chain business are incomplete industry
chain resulting in excessive product cost, or not high standard of
designing and processing and not strong product originality, or not
enough understanding of the market and consumption trends resulting
in unbalance of profit and loss of sales volume. The risks are
controllable for this project unlike the chain business of other
enterprises since raw material procurement, feedback and collection
of market information, its own processing and design capacities and
good relationship in the industry chain are favourable conditions for
chain business.
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FINANCIAL PLAN
SOURCES OF FUND
EQUITY CONTRIBUITON
AMOUNT
PERSONAL CAPITAL
1,00,00,000
BANK LOAN
50,00,000
LENDERS
50,00,000
TOTAL INVESTMENT
2,00,00,000
sales
COST OF GOOD SOLD
GROSS PROFIT 30%
OPERTAING INCOME
1ST YEAR
19200000
13440000
30%
5760000
2ND YEAR
24000000
16800000
30%
720000
3RD YEAR
30000000
21000000
30%
9000000
EXPENSE
A) SALARY
B) PROFESSIONAL FEELS
C) TRAVEL
D) RENT
E) INSUARANCE
F) MARKETING
G) MISC COST
TOTAL OPERATING COST
INTREST EXPENSE
DEPRICIATION
TOTAL EXPENSE
NET PROFIT
3600000
300000
200000
300000
50000
100000
25000
4575000
540000
100000
5215000
545000
3600000
300000
200000
300000
50000
100000
25000
4750000
540000
100000
5215000
2075000
3600000
300000
200000
300000
50000
1000000
25000
4750000
540000
100000
5215000
3785000
YEAR
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