India Gems and Jewelry Industry Outlook to 2015
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Posted On :
Jan-19-2012
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Article Word Count :
734
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Bharatbook added a new report on " India Gems and Jewelry Industry Outlook to 2015 " which gives an overview, Demand, Supply Trends and industry analysis reports.
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The report titled “India Gems and Jewelry Industry Outlook to 2015” provides a comprehensive analysis on the gems and jewelry industry in India, covering various aspects such as market size of the gems and jewelry sector on the basis of revenue generated from retail sales, market segmentation on the basis of retail sales of gold jewelry, diamond jewelry and other precious stones jewelry segments, major gems and jewelry import and export market size and segments. The report also entails competitive landscape and profiles of the major players operating in the gems and jewelry industry. The SWOT Analysis is also provided to understand the market conditions in the country. The report also covers future projections to provide an insight on the prospects in the gems and jewelry industry. bharatbook.com/detail.asp?id=222403&rt=India-Gems-and-Jewelry-Industry-Outlook-to-2015.html
India is currently the leading diamond cutting and polishing hub of the world and also the ~ largest consumer of polished diamonds behind the US and Japan. The country commands ~% market share in value sales, ~% by carats and ~% share in the global market on the basis of number of diamond pieces sold. Urbanization and rapidly expanding middle class have triggered Indian consumerism, especially in the gems and jewelry sector. Approximately, every ~ out of 15 diamonds sold all over the world have been processed in India, irrespective of their mining location. marketing research report
Gold Jewelry accounts for around ~% of the total jewelry consumed in India. This is due to the traditional preference of gold jewelry on auspicious occasions such as marriages, festivals and others. Earlier, gold was purchased mainly for investment purposes, but now rise in fashion consciousness among women has resulted in increased demand for gold as jewelry for wearable purposes. The demand for gold jewelry has increased over the period with over ~ tonnes of gold jewelry worth USD ~ billion being sold in 2010. The gold jewelry sales in value have grown at a 2 year average annual growth rate of ~%. In 2010 sales of gold jewelry grew by ~% from 2009 sales of USD ~ billion.
The growth of branded retail in India has subsequently led to the growth of organized retail in India. The market share of organized retail (constituted of retail and branded retail) has grown from ~% in FY’10 to around ~% in FY’11, thus resulting in a decreasing market share of the unorganized retail sector, which is comprised of mainly family jewelers from ~% in FY’10 to ~% in FY’11.
By 2015, the sales of gold jewelry are expected to rise to USD ~ billion at a 5 year CAGR of ~%. With this sales value growth, the market share of gold jewelry in 2015 will be ~%. Diamond jewelry sales are estimated to reach USD ~ billion by 2015 by growing at a CAGR of ~% while other jewelry demand will grow at a 5 year CAGR of ~% in the next 5 years.
India’s total gems and jewelry sales is expected to reach USD ~ billion in 2011, a growth of ~% from the 2010 sales. The sales are further estimated to cross the USD ~ billion benchmark by 2013 and 50 billion mark by 2015. The total gems and jewelry sales are expected to grow at a CAGR of 8.4%.
Key Topics Covered in the Report:
- The market size of gems and jewelry by retail sales, imports and exports
- Market segmentation and market share on the basis of retail sales of gold jewelry, diamond jewelry and other jewelry segments. Segmentation of gems and jewelry import and export segments inclusive of the major 5 import and export destinations.
- Trends and developments pertaining to this industry.
- Competitive Landscape of the major players operating in the country
- SWOT analysis of gems and jewelry industry
- Future outlook and projections of the retail sales of gems and jewelry and its segments till 2015 along with cause and effect relationship analysis between macro-economic and industry factors and industry’s prospects
- Macro-economic and industry factors including population, GDP, distribution of income among households and silver, gold and diamond production with regard to gems and jewelry industry
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India Gems and Jewelry Industry Outlook to 2015
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Article Source :
http://www.articleseen.com/Article_India Gems and Jewelry Industry Outlook to 2015_136031.aspx
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Author Resource :
Bharat Book Bureau, the leading market research information aggregator provides market research reports, company profiles, country reports, newsletters, and online databases for the past twenty four years to corporate, consulting firms, academic institutions, government departments, agencies etc., globally, including India. Our market research reports help global companies to know different market before starting up business / expanding in different countries across the world.
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Keywords :
Consumer, Retailing, India, Industry, Market Research Reports,
Category :
Finance
:
Finance
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