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JEWELLERY
SUBMITTED BY
SIMRAN BEDI
SEMESTER – 4
MBA-IB (2009-11)
FLOW OF PRESENTATION
• Overview
• Production Centers
• Domestic Industry
• Trend in Export
• Major Export Destinations
• Export from India for last three years
• Major Exporters in India
• Major Competitors in the global market
• Provisions in India’s Foreign Trade Policy
• Quality Standards
• Any other relevant Information
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GEMS AND JEWELLERY
Gems and Jewellery is an important emerging sector in the n Economy.
Ranked among the fastest growing sectors, it is also a leading sector
for foreign exchange generation.
Major Segments
The sector comprises of two major segments
Gold
• Comprises around 80 per cent of the indian jewellery market,
balance comprising fabricated studded jewellery (Diamonds and
Gemstones).
• High levels of manufacturing and domestic consumption.
Diamonds
• World's largest cutting and polishing Industry for diamonds.
• Well supported by the banking sector and government policies.
• Export potential for polished diamonds / finished diamond jewellery.
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GEMS & JEWELLERY
INDUSTRY
• One of the fastest growing segments in the Indian
economy with an annual growth rate of
approximately 15 per cent.
2. Jewellery
❑ Plain gold Jewellery
❑ Studded Jewellery
❑ Silver Jewellery
❑ Costume Jewellery
3. Pearls
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MAJOR
PRODUCTION CENTRES IN
INDIA
10
SOURCE :KPMG ANALYSIS
Trends in exports
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EXPORTS
• Exports posted a modest growth of 1.45 per
cent during 2008-09 at US$ 21.1 billion,
primarily driven by gold jewellery exports,
including medallions and ornaments.
VALUE IN CRORES
SOURCE- GPEC
SOURCE-
MAJOR EXPORTERS IN INDIA
Major Exporters in India
• RAGHUNANDAN PRASAD & SONS
• S. ZAVERI & SONS JEWELLERS
• JAGDISH & SONS
• RIBY GEMS AND FASHION JEWELRY
• BN GHOSH & CO.
• MARUTI JEWELLERS
• MILLENIUM STAR
• SILVER STONE
• SHRI RADHEY CHAIN
• DD JEWELLERS
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Major Export Destinations
14.45
25.27
0.47
9.98
0.63
0.04
20.52
25.91
0.18
1.1
USA UAE CHINA
SINGAPORE U.K 1.45 HONG KONG
NETHERLAND GERMANY BELGIUM 19
ITALY OTHER
MAJOR PLAYER OF THE WORLD
U.S.A Thailand
UAE
India
IMPORT DATA
ITEMS 2005 2006 2007 2008 2009(APR-
OCT)
ROUGH DIAMONDS 40039.14 38401.0 40170.6 40877.2 21898.13
9 5 4
RS. IN CRORES
SOURCE-
GPEC
IMPORT TREND
I
N
C
R
O
R
E
S
Major Importers
• LEVIN HEALTH CARE
• SUNSHINE CONSULTANCY SERVICES
• KRISHNAM
• HI INTERNATIONAL
• SHREEJI GEMS & SILVERS
• FAMMORE ENTERPRISES.PVT.LTD
• SHIBINS
• SARIT AXPORTS CONSORTIUM
• SANJAY EXPORTS
• MONTOSTONE
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Export from India for last three years
Items March-08 Apr07-Mar08 March-07 Apr06- March07 March-06 Apr05- March06
RS(crores) $(million) RS(crores) $(million) RS(crores) $(million) RS(crores) $(million) RS(crores) $(million) RS(crores) $(million)
Cut & Pol Diamonds 5789.26 1458.25 53744.74 13356.05 4753.39 1079.09 44057.02 9762.25 41657.94 1100.5 41662.4 9468.21
C&P Dia (Bonded 157.82 39.75 3316.7 824.23 574.67 130.46 5099.27 1129.91 579.88 130.9 10463.9 2393.67
WH)
Sub - Totals 5947.08 1498.01 57061.45 14180.28 5328.06 1209.55 49156.28 10892.15 5455 1231.4 52126.3 11861.88
Gold jewellery 2131.23 536.83 22624.59 5622.41 2144.62 486.86 23478.81 5202.48 1928.62 435.42 17104.05 3881.63
Coloured Gemstones 121.61 30.63 1112.32 276.42 109.03 24.75 1112.33 246.47 82.44 18.64 1030.43 233.68
Pearls 1.83 0.46 15.48 3.85 0.73 0.17 11.07 2.45 1.85 0.42 10.64 2.4
Non-Gold Jewellery 70.76 17.82 959.85 238.53 58.81 13.35 789.51 174.94 62.85 14.19 644.41 146.28
Synthetic Stones 0.51 0.13 4.36 1.08 0.36 0.08 3.36 0.74 0.69 0.16 5.61 1.29
Sub - Totals 2325.93 585.88 24716.61 6142.3 2313.55 525.21 25395.07 5627.09 2076.45 468.83 18795.15 4265.28
TOTAL 8273.02 2083.88 81778.05 20322.58 7641.61 1734.76 74551.35 16519.25 7531.46 1700.23 70921.45 16127.16
Exports of rough 273.42 68.87 2280.14 566.63 339.19 77 2548.76 564.76 199.79 45.09 2493.83 566.89
diamonds
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GOVERNMENT INITIATIVES
• 100 per cent foreign direct investment (FDI)
in gems and jewellery through the
automatic route is allowed.
Trust mark
is an assurance to
a customer
of the commitment
of the
jewellery for his
quality &
best business
practices
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HALLMARK CERTIFICATION
• Hallmarking is the accurate determination and official recording of the
proportionate content of precious metal in gold. Hallmarks are thus official
marks used in many countries as a guarantee of purity or fineness of gold
jewellery.
• BIS was named as the sole agency in the country for Hallmarking of gold
jewellery under the provisions of the BIS hallmark Act, 1986.
• BIS, as the National Standards Body of India is primarily engaged in the
preparation and promotion of standards and operation of different quality
certification schemes. In this context, the BIS Precious Metals Sectional
Committee (MTD 10) has formulated and published the following Indian
Standards on Gold and Gold Alloys:
• a) IS 1417 Grades of gold and gold alloys, Jewellery/Artefacts-Fineness and
Marking
b) IS 1418 Assaying of Gold in Gold Bullion, Gold alloys and Gold
Jewellery/ Artefacts - Cupellation (Fire Assay Method)
c) IS 2790 Guidelines for manufacture of 23,22,21,18,14 and 9 carat gold
alloys
d) IS 3095 Gold Solders for use in manufacture of Jewellery
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ISSUES & CHALLENGES
• Since October 2008, exports of gems and jewellery
products have been witnessing a sharp decline. The
decline was reported to be 16 per cent, 34 per cent
and 26 per cent in October, November and
December 2008.
• www.dgft.gov.in
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