The Gems and Jewellery sector plays a significant role in the Indian economy, contributing around 6-7 per cent of the country’s GDP. Moreover, India exports 95 per cent of the world's diamonds, as per statistics from the Gems and Jewellery Export promotion Council (GJEPC). The industry has generated US$ 38.6 billion of revenue from exports in 2015-16, making it the second largest exporter after petrochemicals.
The market size of jewellery has increased over the years and is expected to increase in the future as well. The analysis of drivers explains reasons behind the growth of demand in the jewellery industry. These reasons include an increasing disposable income, growing number of working women, fostering new talent etc. And the key challenges recognized by the analysts in the jewellery industry include factors such as unorganized sector, involvement of huge working capital, dependency on import for raw materials and an labor intensive market.
The key trends in the jewellery market of India are the changing taste and preferences of the consumers, festive season sales, emergence of new distribution channels and inclination towards branded jewellery. Intensive management team has in-depth knowledge of jewellery sector, we are focused on providing long-term and trusted strategic financial advice to companies which helps them to grab the opportunities prevailing in this sector.