Application, Production, Suppliers, Market, Report
Primary Information Services
- Jewelry is classified
according to the type of precious metal employed, whether to be gold,
platinum or silver. Jewelry made from two different precious metals, such
as gold and platinum, is referred to as combination jewelry.
- Gems and jewellery play
a significant role in Indian customs and traditions, making this sector
integral to the economy and one of the fastest growing industries in the
- A gemstone or gem, also
called a precious or semi-precious stone, is a piece of attractive
mineral, which when cut and polished is used to make jewelry
or other adornments. Most gemstones are hard, but some soft minerals
are used in jewelry because of their lustre or other physical properties
that have aesthetic value.
- Gold is a chemical
element with the symbol Au and atomic number 79. The metal occurs as
nuggets or grains in rocks, underground "veins" and in alluvial deposits.
Gold is dense, soft, shiny and the most malleable and ductile of the known
metals. Pure gold has a bright yellow color traditionally considered
- Silver is a
chemical element with the symbol "Ag" from the Ancient Greek and atomic
number 47. A soft, white, lustrous transition metal, it has the highest
electrical conductivity of any element and the highest thermal
conductivity of any metal.
- Worldwide, the gems and
jewellery industry has been growing at a good pace and is currently
estimated at over US$ 130 billion. In India, it accounts for nearly 20 per
cent of total Indian exports. It provides employment to 1.3 million people
directly and indirectly.
- Apart form being the
world’s largest diamond processing (cutting and polishing) country with an
80 per cent share in world market India’s favorable trade policies have
made India the hub for gems and jewellery.
- Leading Branded
jewellery is the new mantra in the market, having rapidly acquired a niche
over the past few years. Increasing purchasing power and disposable
incomes of India’s middle class has resulted in consumption growth of this
industry by about 11 per cent in the five-year period.
- India’s economic boom
in the country has translated into a large consumer market for jewellery
and other luxury products, offering a lucrative opportunity for major
brands to make their foray into the Indian market and establish their
- Gold Status as
investment option is fast catching on. Demand for Jewelry growing at 24%
& Investment in Bullion is up 15% . Import Duty on Gold has been brought
down substantially bringing down smuggling.
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Application, Production, Suppliers, Market, Report "
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