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India Gem and Jewellery Market Report Unveils Market Values and Insights
India Gem and Jewellery Market
The report meticulously outlines its research methodology, providing stakeholders with insights into the market's dynamics and trends. A comprehensive analysis of key players, industry leaders, followers, and new entrants has been presented. The report employs advanced analysis tools, including PORTER and PESTEL frameworks, along with micro-economic factor assessments, to predict industry fluctuations and aid decision-making.
The report's commitment to simplicity ensures complex data is accessible to all stakeholders, empowering informed choices. Competitive analyses, growth strategies, financial positions, and product portfolios are presented in a clear manner, offering valuable guidance to investors.
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What are India Gem and Jewellery Market Dynamics?
The Indian Gem and Jewellery segment is a significant contributor to India's GDP, adding approximately 7.5% to the nation's economic output as of January 2021. The industry's remarkable growth is expected to employ around 8.23 million people by 2022, an impressive rise from the 5 million recorded in 2020.
The meticulously conducted study, spearheaded by MMR, underscores the robustness of the market, indicating a valuation of US$ 37.25 billion in 2022 and a commendable CAGR of 18.46% over the last five years. This enduring trajectory is predicted to maintain momentum, resulting in a compelling 21.35% overall market expansion during the forecast period. This growth is predominantly attributed to soaring gold prices and shifting consumer preferences towards lightweight and fusion jewelry, which has led to changes in purchasing trends.
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India Gem and Jewellery Market Segmentation?
Product Type:
Gold Jewelry
Diamond Jewelry
Silver Jewelry
Gemstone Jewelry
Platinum Jewelry
Others (Pearls, Precious Stones, etc.)
End-Use Segment:
Bridal Jewelry
Fashion Jewelry
Traditional Jewelry
Luxury Jewelry
Everyday Wear Jewelry
Others
Distribution Channel:
Retail Stores (Brick-and-Mortar)
Online Retail
Specialty Stores
Department Stores
Jewelry Boutiques
Who are India Gem and Jewellery Market Key Players?
• AADINATH EXPORTS • UNIQUE JEWELLERS • bello jewels star • Haaris Real Estates, & Precious Gem & Jewellery • Gem Mart (India) Pvt. Ltd. • Gaya Gem & Jewellerytones Pvt Ltd • ARIHANT SILVER & CRAFTS • ACUTE GEM & JEWELLERY & JEWELLERY • SUNRISE JEWELLERS • Stone Art • Jindal Gem & Jewellery • PDM GEM & JEWELLERY • ZAHEEN JEWELS PVT LTD
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Regional Insights:
The Indian gem and jewelry sector's footprint in the economy is notable, contributing 7% to the nation's GDP and standing as one of its fastest-growing segments. Recognizing its significance, the government is actively promoting exports through various initiatives aimed at boosting investments and nurturing essential skills.
India's strength in the diamond industry is undeniable, accounting for a staggering 95% of the world's cut and polished diamonds. The market has also extended its reach globally, with primary export markets including the MEA, Far East, and North America. Simultaneously, the local market has shown a preference for Western styles, with well-known brands successfully adapting to local tastes.
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