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India Gem and Jewellery Market Report Unveils Market Values and Insights

India Gem and Jewellery Market

India Gem and Jewellery Market

29.8.2023: Report Scope and Methodology:

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.

For detail insights on this market, request for methodology here @

https://www.maximizemarketresearch.com/market-report/india-gem-jewellery-market/122565/

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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About Maximize Market Research:

Maximize Market Research is a rapidly expanding firm that specializes in providing market research and corporate advisory services to clients worldwide. Our unwavering dedication to research and substantial impact on revenue have established us as a reliable partner for a significant number of Fortune 500 companies. Our extensive array of services spans across a wide range of industries, encompassing IT, telecommunications, chemicals, food and beverages, aerospace and defense, healthcare, and more.

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