Press release
India Gem and Jewellery Market is expected to reach USD 133.96 Bn by 2030, as per Maximize Market Research.
India Gem and Jewellery Market
๐๐ง๐๐ข๐ ๐๐๐ฆ ๐๐ง๐ ๐๐๐ฐ๐๐ฅ๐ฅ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
The gem and jewellery sector in India consists of the creation, refining, and exchanging of a variety of gemstones, diamonds, gold, silver, platinum, and other valuable metals and decorations. It includes a variety of products, ranging from traditional handmade jewellery to contemporary designer pieces, which highlight a mix of skill, heritage, and creativity. The market for gems and jewellery in India has been an important player on the world stage, making a substantial impact on the nation's economy. Market expansion is driven by factors such as cultural importance, increasing disposable incomes, changing consumer tastes, and the wedding and festive periods. The reason for South India's dominance in the gem and jewellery industry in India is its deep-rooted historical past, especially in the art of diamond cutting, and the skill demonstrated in ornate gold jewellery from cities such as Jaipur and Ahmedabad. These designs are well-known worldwide and appeal to a wide range of customers. At the core of West India's supremacy is its strong infrastructure showcased by Surat, renowned as the "Diamond City of India." This central hub handles the majority of the world's raw diamonds, showcasing impressive diamond cutting and polishing abilities. Mumbai acts as an important hub for trade, enabling easy import-export operations for both raw and polished jewellery, hosting numerous trading hubs that link efficiently with the Indian Gem and Jewellery sector.
๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ:
๐๐ก๐ ๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ'๐ฌ ๐๐ง๐ข๐ญ๐ข๐๐ญ๐ข๐ฏ๐๐ฌ ๐๐ง๐ ๐ญ๐ก๐ ๐๐๐๐๐ ๐๐ซ๐ ๐ญ๐ก๐ ๐๐๐ข๐ง ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐จ๐ ๐๐ง๐๐ข๐'๐ฌ ๐๐ฎ๐๐๐๐ฌ๐ฌ ๐ข๐ง ๐๐๐ฆ ๐๐ง๐ ๐๐๐ฐ๐๐ฅ๐ซ๐ฒ
As of February 2021, the gem and jewellery sector in India accounted for 14.0% of the country's merchandise exports and 7.5% of its GDP, making it a powerful industry. The industry has strong growth potential; by 2022, it is projected to employ 8.23 million people, demonstrating its importance to the country's economy. Acknowledging its importance, the Indian government made it a priority for export promotion and launched calculated steps to strengthen 'Brand India' globally. Significant progress has been made by the government in its efforts to promote industry growth. The automatic method expedited the investment process by allowing 100% Foreign Direct Investment (FDI) in the sector without requiring prior authority permission.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ซ ๐ฏ๐ข๐๐ฐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ: https://www.maximizemarketresearch.com/request-sample/122565/
๐๐ง๐๐ข๐ ๐๐๐ฆ ๐๐ง๐ ๐๐๐ฐ๐๐ฅ๐ฅ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ญ๐จ๐ง๐ ๐๐ฒ๐ฉ๐
Emerald
Ruby
Sapphire
Other
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Rings
Necklaces
Earrings
Bracelets
Chains and Pendants
Other
The India Gem and Jewellery Market shows varying dominance across different product segments based on Product Type. Due in large part to their widespread popularity and cultural significance in India, rings and necklaces stand out as the dominating categories, commanding major shares of the India Gem and Jewellery business. Due of their persistent demand and cultural significance, rings-especially engagement rings-are the most popular jewelry in India. These items are ingrained in Indian traditions and serve as a mark of devotion, which helps explain their continued supremacy. Rings are used for more than just symbolic gestures; they are integral to many ceremonies and function as status symbols, underscoring their importance.
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐ญ๐ฒ๐ฉ๐
Rings
Necklaces
Earrings
Bracelets
Chains and Pendants
Other
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Online
Offline
๐ ๐จ๐ซ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐, ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐: https://www.maximizemarketresearch.com/request-sample/122565/
๐๐ง๐๐ข๐ ๐๐๐ฆ ๐๐ง๐ ๐๐๐ฐ๐๐ฅ๐ฅ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐ฅ๐๐๐๐๐ซ๐ฌ
Tanishq (Titan Company Limited)(Karnataka)
Reliance Jewels (Reliance Retail (Maharashtra)
PC Jeweller (Delhi)
Malabar Gold & Diamonds (Kerala)
Kalyan Jewellers (Kerala)
Gitanjali Gems (Maharashtra)
Joyalukkas (Kerala)
Mellora (Karnataka)
Aadinath Exports(Rajasthan)
Unique Jewellers (Maharashtra)
Bello Jewels Star (Delhi)
Haaris Real Estates, & Precious Gem & Jewellery (Maharashtra)
Gem Mart (India) Pvt. Ltd. (Rajasthan)
Gaya Gem & Jewellerytones Pvt Ltd (Bihar)
Arihant Silver & Crafts (Rajasthan)
Acute Gem & Jewellery (Maharashtra)
Sunrise Jewellers (Rajasthan)
Stone Art (Rajasthan)
Jindal Gem & Jewellery (Rajasthan)
Pdm Gem & Jewellery (Rajasthan)
Zaheen Jewels Pvt Ltd (Maharashtra)
๐๐ง๐ฌ๐ญ๐๐ง๐ญ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐๐จ๐ฎ๐ซ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.maximizemarketresearch.com/request-sample/122565/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
What was the Market size in 2023?
What is the projected demand for the India Gem and Jewellery Market?
Which are the factors expected to drive the Market growth?
What is the future projection for the India Gem and Jewellery Market?
๐ ๐จ๐ซ ๐ ๐ช๐ฎ๐ข๐๐ค ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐: https://www.maximizemarketresearch.com/market-report/india-gem-jewellery-market/122565/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past India Gem and Jewellery Market Size and Competitive Landscape
Past Pricing and price curve by region
India Gem and Jewellery Market Size, Share, Size & Forecast by Different Segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐ก๐๐ฌ ๐๐ฅ๐ฌ๐จ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐ง
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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