Bejeweled - An Overview and Competitive Analysis of the Indian Gems & Jewellery Market 2006-07
DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/df86a5/bejeweled_indian)
has announced the addition of the "Bejeweled - Indian Gems & Jewellery
Market Study 2006-07" report to their offering.
The Gems and jewellery (G&J) market essentially comprises of
sourcing, processing, manufacturing and selling of precious metals and
gemstones, such as, Gold, Platinum, Silver, Diamond, Ruby, and
Sapphire etc. The G&J market is a significant contributor to the
Indian economy, based on the size of the domestic market and through
its contribution to the country's exports. India is the largest
consumer of gold (around 20 percent of global consumption) and also
the largest diamond processor (around 90 percent by pieces and 55
percent by value of the global market).
India's G&J industry is highly unorganized and fragmented with 96
percent of the total players being family owned businesses. The gold
processing industry has around 15,000 players, with only 80 having
revenues over USD 5 million. India is also home to around 450,000
goldsmiths, 100,000 gold jewelers along with 6,000 diamond processing
players and 8,000 diamond jewelers.
The value chain of the industry starts from sourcing and mining of
the metals and extends to jewelry retail. While India is not a major
miner of previous metals and stones, the country's inexpensive and
well skilled workforce makes it a world leader in processing of
diamonds. The country's jewellery retail sector is also expected to
evolve with a shift among consumers towards branded jewelry, driven by
greater quality consciousness.
There are a few major players in the G&J segment, with Rajesh
Exports being the most dominant name. Other key players in the field
include Gitanjali Gems, Suhashish Diamonds, Su-Raj Diamonds, Viabhav
Diamonds and Tanishq. Many of these players are focused on developing
strong brands, large retail operations, strengthening their core
manufacturing operations and building a strong international presence.
India's large population and rapid economic growth offer
significant opportunities for growth of the industry. The emergence of
jewelry retail chains provide customers with convenience and assurance
of quality. The entry of foreign players is also likely to increase
competition and provide consumers with greater choice. Apart from the
above, there are other factors that contribute to a favorable outlook
for the industry.
Scope:
The report provides a snapshot of the Gems and Jewelry industry in
India. It will provide an overview of the size and growth of the
sector along with the market structure and various segments of the
market including Gold, Silver and Diamonds. The industry value chain
covers provides a brief overview of various linkages in the sector
from mining to retail of jewelry.
The competitive landscape provides a brief overview of the
prevailing competitive scenario and includes a profile of the major
players in the industry. The report will also highlight any key
regulatory and taxation issues that impact the sector.
The concluding section of the report will cover the major growth
drivers and outlook for the sector including the entry of new players
and development of retail infrastructure.
Indian Gems and Jewellery Market:
The 'Indian Gems and Jewellery Market' report provides a snapshot
of the Gems and Jewellery industry in India. It covers an overview of
the size and growth of the sector along with the market structure and
various segments of the market including Gold, Silver and Diamonds.
Additionally, the report will give a picture of the value chain of the
sector from mining to retailing of jewellery. This will help the
client in determining the market dynamics and future prospects of the
industry.
About the Industry:
The Indian Gems and jewellery (G&J) market contributes
significantly to the Indian economy through its vast domestic and
export market. India apart from being the largest consumer of gold is
also the largest diamond processor in the world. The Indian G&J market
is predominantly focussed on sourcing, processing, manufacturing and
selling of precious metals and gemstones. Although, the gold
processing industry in India has 15,000 players, there are only 80
players with revenues over USD 5 million. As a result, there is high
growth potential for Indian gems and jewellery in the global market.
India is not a major miner of precious metals and stones, however the
country's inexpensive and skilled workforce are one of the best in the
world for processing of diamonds.
Research Methodology Used:
-- Information Sources
The information has been gathered from authentic and reliable
sources like Government Agencies, Trade associations, Trade journals,
Industry portals Newspapers, White papers and Books. The data is also
sourced from paid databases.
-- Analysis Method
The methods of Historical Trend Analysis, Ratio Analysis, and
Cause and Effect Analysis have been used.
Prospective Target Audience:
-- Players from the PE/VC industry
-- Consulting firms (looking for aggregated information that
validates their own findings)
-- In-house strategy teams of companies that operate in the
individual industry sectors or that seek to enter these
sectors.
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Key Topics Covered:
-Market Overview
-Industry Value Chain
-Key Challenges
-Competitive Landscape
-Industry Regulation and Taxation
-Porter's Five Forces Model
-Future Outlook and Growth Drivers
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For more information visit
http://www.researchandmarkets.com/research/df86a5/bejeweled_indian
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
Fax (USA): 646-607-1907
Fax (International): +353-1-481-1716
Copyright Business Wire 2008
