gems & jwellery industry
TRANSCRIPT
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GEMS & JWELLERY INDUSTRY
Submitted To:
Dr. Vijay Joshi
Presented By:
Ankita jariwala (09)
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OVERVIEW
Indian gems and jewelry market is the fastest growing jewelry
market with annual rate of 15%.
Export of over US$15.5billion; 18% of Indian exports .
India is the largest consumer of gold jewelry in the world for about20%
India is the largest diamond cutting & polishing centre of the world.
Third largest consumer of polished diamonds after the US & Japan.
Account for 60% value share, 82% by carats, 95% of the world
market by number of pieces.
Provide employment to 1.5 million workers.
Out of 12 diamonds 11 diamonds are polished in India.
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HISTORY
India has the largest continuous ligancy of jewelry making since
RAMAYAN & MAHABHARAT times.
Indians are the first to start jewelry making.
India was the first country to mine diamonds.
Formerly diamonds were cutting & polishing traditionally.
Nowadays diamonds are cutting & polished by adopting new technology.
Many institutes provides degree, diploma & certified courses for gem &
jewelry education. For Ex. Indian Institute of Gemology etc.
Gem and jewelry export promotional council worked to promote export
of gems and jewelry.
Government has also introduced many measures to promote gem and
jewelry sector.
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INDUSTRY SECTOR
Organized sector4%
Unorganized sector96%
Organized sector is expected to grow at 14% to US$ 2.2billion
by 2010Market of branded jewelry increased by 20 to 30% annually.
India dominates the diamond processing trade with 11 out of12 diamonds being cut and polished in India.
Industry provide employment to 1.5 million people.
India is gaining prominence as an international sourcingdestination for high quality designer jewelry.
Walmart, JC Penney etc. procure jewelry from India.
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INI INDUSTRY SECTOR
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INDUSTRY STRUCTURE
Polished Diamonds: India is one of the best markets in the world in the polisheddiamonds for its world-class quality of diamonds as well as exquisite cutting skills.
Surat and Jaipur are famous as world class polishing and designing centers.
Gem Stones: This category refers to the stones other than diamonds, these stones
comes under two basic categories that are precious stones and Semi precious
stones. India's exports of gems have crossed 5000000 carats this year.
Gold and Jewelry: This category represents the gold and Jewelry, which is used inthe manufacturing of various ornaments.
Synthetic Stones: Synthetic diamond is diamond produced through chemical or
physical processes in a laboratory. Synthetic diamonds are also called cultured
diamonds. . This is an upcoming market in India.
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EXPORTS
Exports of Gem & Jewelry from 2000-01 To 2005-06(CRS.)ITEMS 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06
cut &
polished
diamonds 28042 28346 34298 39551 50074 41669Gold
5220 5538 7301 12225 17112 17015Colored
stones 924 867 926 818 864 1029
Pearls 12 13 21 19 12 14
Non-gold 255 305 410 457 580 640.65
jewelry
synthetic
stones 7 11 5 5 4 3
Source: GJEPC, India
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CHARTS OF EXPORTS
0
10000
20000
30000
40000
50000
60000
cut & polished daimonds Gold
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
0
5
10
15
20
25
synthetic stones Pearls
Series1
Series2
Series3
Series4
Series5Series6
0
200
400
600
800
1000
1200
coloured stones Non-gold
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
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POTENTIAL
Gems and Jewelry hub
Rich tradition / heritage of craftsmanship with high level ofskills
Low production costs
Effective worldwide distribution network for promotion andmarketing.
Diamond polishing capital of the world.
Manufacturing excellence
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LIMITATION
Large presence of unorganized sector.
Increase in gold jewelry consumption.
Increase in gold prizes.
Cheating on caratage.
Possible long term threat from China.
Continued support from government crucial.
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RECESSION
Indian Gems and Jewelry Exports
declined in Feb-09 totaled 5692 crs
compared to 7071 crs in Feb-08.
Diamond exports declined in feb-09
totaled 4224 crs compared to 5246 crs
in Feb-08.
Gold Jewelry exports totaled 1331 crs
in Feb-09, while export of gold jewelrystood at 1680 crs in Feb-08.
As reason many people has lost their
jobs. Many gold and diamond
processing units shut down.
0
1000
2000
3000
4000
5000
6000
7000
8000
Jan-08 Jan-09
Gem & jwelery
Cut & polished
gold jewlery
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CLUSTERS IN INDIA
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GEM & JEWLERY INDUSTRY IN
GUJARAT
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SMALL INDUSTRY CLUSTERS
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GEMS & JEWELRY EXPORT PRAMOTIONAL
COUNCIL
Gem and Jewelry Export Promotion Council (GJEPC)
The Gem and Jewelry Export Promotion Council is a representativebody of trade. The following initiatives have been taken by thecouncil in order to enhance competitiveness such as:
Preparation of a medium term exports strategy for various sectorsincluding gems and jewelry by the Ministry of Commerce.
Exploring the possibility of direct procurement of rough diamondsfrom mining countries.
Promotion of Indian diamonds and jewelry abroad throughadvertisements, publicity and participation in internationalfairs, buyer-seller meets and direct approach to market retailers.
Market study through experts in the field to identify new markets.
Promotion of export of 'hallmark' jewelry from India to assureforeign customers of quality and purity of jewelry made in India.
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FUTURE
The Indian gems & jewelry sector is expected to cross US$ 26
billion by 2012.
The Indian gems & jewelry sector is expected to grow at
compound annual growth rate of around 14% from 2009 to2012.
The consumption of the diamond jewelry is expected to
touch US$ 6.41 billion in 2012.
State Run National Mining Development Corporation(NMDC)
planned to produced close to 100000 carats of diamonds fromthe panna diamond mines in Madhya Pradesh.(2010-11).
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THANK YOU