Retail Jewellery

Gold is the principal raw material for making jewellery in India. Jewellery Industry in India: Road Ahead The importance of gold in the Indian gems and jewellery sector is significant. In the year 2008 India had a gold consumption rate of 24 per cent, according to the report Indian Gems and Jewellery Market Forecast to 2013, by research firm RNCOS. This made the country become a leader in the table of most gold consuming nations with the consumption amounting to about 16,000 tonnes. The other key markets include Japan, China, Turkey, Italy, USA and UK. It is expected that the Gems and Jewellery industry would enjoy a growth of about 8.5 per cent in the period upto 2015. It is also estimated that about 600 tonnes of gold is used to make jewellery. Brands such as, Damas Jewellery, Reliance Retail, Swarovski, and Joy Alukkas are either opening or have already opened their new branches. The availability of cheap labour and presence of well skilled people in various states of India is helping in the growth of diamond polishing and gold jewellery markets. According to experts in the jewelry industry the surge in demand for expensive jewellery in India is a result of the strengthening Indian economy.

A Report on Pink Gold in Business Standard June 28, 2011 Mumbai: After yellow and white, pink gold is set to hit Indian jewellery retail stores by the end of this year. The World Gold Council estimated Indias gold consumption at 963.1 tonnes in 2010. About 95 per cent of this quantity is sold in India as yellow gold and the rest in the form of white gold. Phe pink gold is a new concept, set to take off. It is just a matter of alloy. We are currently producing pink gold jewellery at Indian factories for the Russian market. Indian jewellery manufacturers and exporters plan to enter the Russian market as a natural expansion of trade. Russian jewellery consumers prefer generally white and pink gold and diamond studded jewellery. Yellow is not acceptable. Consequently, Indian jewellery manufacturers will have to import pink gold if they want to enter the rapidly growing $30-billion Russian market, said Sanjay Kothari, vice chairman of the apex trade body, the Gems and Jewellery Export Promotion Council, which organized an Indo-Russia Jewellery Summit recently.

Retail Jewellery

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Future Employment Opportunities

India has been adding modern techniques in tune with trends in market. Hence with required skills employment opportunities increased. New segments in jewellery (for e.g.. Jewellery fabrication segment) giving opportunity to women workforce. Non-precious for example, silver jewellery, cubic zirconia stones (American diamond), gold plated jewellery, etc. Persons with the requisite skills will be required for working on such products. Fashion industry is closely related to Jewellery hence increase in fashion industry will have similar effect on jewellery sector.

Jewellery retail not only limited to individuals but to shifted to pets coming with a concept of social and togetherness also bringing sculpture(artist) and jewellery designers to one platform.

Together As One Jewelry and Sculpture Review

Posted on January 4, 2011 by mylittlereviewcorner AN INITIATIVE BY GLOSTER GLOBAL TAKING JEWELLERY SEGMENT ON A DIFFERENT PLATFORM.

NOTE: The above material is taking from various links and collated togetheronly the language may differ.

Retail Jewellery

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