India Gems and Jewellery Market Set to Grow in Future
With growing demand and increasing consumer preference, Indian Gems and Jewellery Market will surge at a CAGR of 13% during 2011 - 2013, RNCOS identified.
- (1888PressRelease) November 12, 2010 - According to our latest report "Indian Gems and Jewellery Market Forecast to 2013", Indian gems and jewellery market has witnessed tremendous growth rate during the past few years. The country also enjoys the leading position in the global jewellery export. Besides, the market plays a vital role in the Indian economy as it is a leading foreign exchange earner and accounts for nearly 13% of India's total merchandise exports. Moreover, with highly skilled & low cost manpower, strong government support, and growing demand the market is expected to surge at a CAGR of around 13% during the forecast period (2011 - 2013).
At present, Indian gems and jewellery industry is mainly dominated by the unorganized sector. However, the trend is likely to change in near future, with growing acceptance of branded jewellery market in the coming years. Gold and diamond jewellery are the main constituents of the domestic industry with more than 90% share in total export. The country accounts for the largest share of global diamond cutting and polishing industry. At regional basis, the US, the UAE, and Hong Kong are the main export destinations of the country.
"Indian Gems and Jewellery Market Forecast to 2013" provides strategic insight into the Indian gems and jewellery market. By analyzing past and future aspects of the market, the report highlights the potential growth areas in the market and presents an overview of the Indian gems and jewellery market. It also evaluates the emerging trends in the concerned industry. Additionally, the report provides detail analysis of various segments under gems and jewellery industry.
Apart from this, the report provides detail analysis of gold and diamond jewellery market in the domestic industry. Our report covers extensive details of different gemstones like cut and polished diamond, colored gemstones, synthetic stones, and pearl. Special emphasis has been given to the export and import sections of the industry, which provides intensive details of trade by product and with different destinations. Competitive landscape is also presented to enable clients understand market structure and growth prospects in coming years. Easy to comprehend content, detail information analysis, and effective presentation are some of the main features of this report.
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
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