Press Release (PressBurner) Jan 24, 2011 - Noida, UP - With the highly skilled labors and strong government support, Indian gems and jewellery market is expected to surge at a CAGR of around 13% during 2011-2013, RNCOS identified.
According to our latest report “Indian Gems and Jewellery Market Forecast to 2013”, India possesses the most competitive gems and jewellery market due to its low cost of production and availability of skilled labor. The market plays an important role in the economic development of the country as it accounts for nearly 13% share in the overall merchandise exports. Besides, in terms of gems & jewellery, the country enjoys leading position in the global market. 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).
Indian gems and jewellery market is mainly dominated by gold and diamond jewellery, wherein the share of branded jewellery in domestic sales is continuously growing. In recent years, India has gained prominence as a leading international destination for sourcing high quality jewellery. At present, the country occupies nearly 20% share in the overall jewellery exports globally. The major destinations for gems and jewellery export from India are the UAE, the US, Hong Kong. The share of Indian export in global trade is expected to increase further in near future on the back of various factors discussed in the report.
“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 potential growth areas in the market and presents an overview on the market for gems and jewellery in the country. It also evaluates the emerging trends in the concerned industry. Additionally, the report provides intensive detail analysis of various segments under the gems and jewellery industry.
Our report also covers 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. Competitive landscape is also discussed in report to provide clients general overview of market structure and growth prospects.
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