Jewellery Industry                                                                                 General, Process, Application, Production, Suppliers, Market, Report                                                                    Primary Information Services                                                           Home. Ordering Information. Contact      

                                         Information @ a Glance
  • 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 country.
  • 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 attractive.
  • 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 presence.
  • 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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