Summary

India possesses world's most competitive gems and jewellery market due to its low cost of production and availability of skilled labor. As per our new research report "Indian Gems and Jewellery Market - Future Prospects to 2011", highly skilled and low cost manpower, along with strong government support in the form of incentives and establishment of SEZs, has been the major driver for the Indian gems and jewellery market. The market also plays a vital role in the Indian economy as it is a leading foreign exchange earner and accounts for more than 12% of India's total exports. Currently the Indian market remains highly fragmented, but is rapidly transforming into an organized sector.

Currently, the industry is facing a slowdown due to global economic turmoil. But due to various government efforts and incentives coupled with private sector initiatives, the Indian gems and jewellery sector is expected to grow at a CAGR of around 14% from 2009 to 2012. At present, the Indian gems and jewellery market is dominated by the unorganized sector; however, the trend is set to change in near future with the branded jewellery market growing at an expected CAGR of more than 41% in the coming four years. As per our research report, with its consumption pegged at nearly 20%, India remains world¡¯s largest gold consumer and this share is expected to grow further.  

"Indian Gems and Jewellery Market - Future Prospects to 2011" provides strategic insight into the gems and jewellery market in India. By analyzing past and future aspects of the market, the report highlights the potential growth areas in the market and gives an overview on the market for gems and jewellery in the country. It also evaluates the emerging trends in the concerned industry.

Our report also covers the industry forecast and analysis based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.

The information has been compiled from authentic and reliable sources like books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.

Table of Contents

1. Analyst View
2. India Gems and Jewellery Market - An Overview
3. Key Growth Promoters
    3.1 Skilled and Low Cost Labor
    3.2 Sophisticated Technology
    3.3 Government Support
    3.4 Buying Power
    3.5 Urban Lifestyle
4. Market Performance and Future Outlook
    4.1 Production
         4.1.1 Gold
         4.1.2 Diamond
    4.2 Sales
         4.2.1 Gold Jewellery
         4.2.2 Diamond Jewellery
    4.3 Export and Import
         4.3.1 Gemstones
                  4.3.1.1 Cut and Polished Diamonds
                  4.3.1.2 Coloured Gemstones
                  4.3.1.3 Synthetic Stones
         4.3.2 Jewellery
                  4.3.2.1 Gold
                  4.3.2.2 Non-gold
         4.3.3 Pearls
5. Industry Trends
    5.1 Cutting and Polishing Industry
    5.2 Information Technology
    5.3 Branded Jewellery
    5.4 Training Institutes
    5.5 Handmade Jewellery
    5.6 Platinum Jewellery
    5.7 Unorganized Sector
    5.8 Threat from China
    5.9 Polishing in African Countries
6. Competitive Landscape
    6.1 Rajesh Exports Ltd
    6.2 Asian Star Co Ltd
    6.3 Suashish Diamonds Ltd. (SDL)
    6.4 Gitanjali Gems Ltd
    6.5 Tanishq
    6.6 Golkunda Diamonds & Jewellery Limited

List of Figures:

Figure 2-1: Gold Jewellery Consumption in Comparison to World (Tons), 2006 & 2007
Figure 2-2: Share of Gems and Jewellery Market in Retail Industry (%), 2008
Figure 2-3: Online Jewellery Sales (Million US$), 2006 & 2007
Figure 3-1: Average Labor Cost for Cutting and Polishing Diamonds in Comparison to Other Major Markets (US$ per Carat), 2004
Figure 3-2: Per Head Personal Disposable Income (US$), 2004-2008
Figure 4-1: Gold Production (Kg), 2003-04 to 2007-08
Figure 4-2: Gold Production (Million Rs), 2002-03 to 2005-06
Figure 4-3: Diamond Production (Carats), 2003-04 to 2007-08
Figure 4-4: Diamond Production (Million Rs), 2002-03 to 2005-06
Figure 4-5: Forecast for Gems and Jewellery Market (Billion Rs), 2009-2012
Figure 4-6: Gold Jewellery Sales (Billion US$), 2005-06 to 2008-09
Figure 4-7: Gold Consumption (Metric Tons), 2007 & 2008
Figure 4-8: Share in World Gold Consumption
Figure 4-9: Forecast for Gold Jewellery Sales (Billion US$), 2009-10 to 2011-12
Figure 4-10: Forecast for Share in World Gold Consumption (2012)
Figure 4-11: Diamond Jewellery Market (Billion US$), 2006-07 to 2008-09
Figure 4-12: Forecast for Diamond Jewellery Market (Billion US$), 2009-10 & 2010-11
Figure 4-13: Gems and Jewellery Export (Billion US$), 2007-08 & 2008-09
Figure 4-14: Gems and Jewellery Export by Product (%), 2008-09
Figure 4-15: Gems and Jewellery Import (Billion US$), 2007-08 & 2008-09
Figure 4-16: Gems and Jewellery Import by Product (%), 2008-09
Figure 4-17: Cut and Polished Diamonds Export (Billion US$), 2007-08 & 2008-09
Figure 4-18: Rough Diamonds Import (Billion US$), 2007-08 & 2008-09
Figure 4-19: Coloured Gemstones Export (Million US$), 2007-08 & 2008-09
Figure 4-20: Coloured Gemstones Export by Region (%), 2006
Figure 4-21: Rough Coloured Gemstones Import (Million US$), 2007-08 & 2008-09
Figure 4-22: Synthetic Stones Export (Million US$), 2007-08 & 2008-09
Figure 4-23: Rough Synthetic Stones Import (Million US$), 2007-08 & 2008-09
Figure 4-24: Gold Jewellery Export (Billion US$), 2007-08 & 2008-09
Figure 4-25: Gold Jewellery Export by Region (%), 2006
Figure 4-26: Gold Jewellery Import (Million US$), 2007-08 & 2008-09
Figure 4-27: Gold Bar Import (Billion US$), 2007-08 & 2008-09
Figure 4-28: Non-gold Jewellery Export (Million US$), 2007-08 & 2008-09
Figure 4-29: Non-gold Jewellery Import (Million US$), 2007-08 & 2008-09
Figure 4-30: Silver Bars and Platinum Import (Million US$), 2007-08 & 2008-09
Figure 4-31: Pearls Export (Million US$), 2007-08 & 2008-09
Figure 4-32: Raw Pearls Import (Million US$), 2007-08 & 2008-09
Figure 5-1: Forecast for Branded Jewellery Market (Billion US$), 2009-2012
Figure 5-2: Share of Branded Jewellery in Jewellery Market (2008 & 2012)

List of Tables:

Table 3-1: Traditional and Emerging Trends in Gems and Jewellery Market 18
Table 4-1: Top 10 Export Destinations for Gems and Jewellery (Million US$), 2007 & 2008 30
Table 4-2: Cut and Polished Diamonds Export by Country (Million US$), 2006-07 34
Table 5-1: Growth of Gold Hallmarking Scheme (Mar 2001 to Mar 2009) 53