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Mass Appeal of Jewelry and Growing Income Fuelling Growth in Gems and Jewelry Market in India
Netscribes, Inc. launches a report on Gems and Jewelry Market in India 2013 covering a market with
strong growth potential. It is a part of Netscribes’ Consumer Goods Industry Series.
Mumbai, India – October 31, 2013 – Global market intelligence firm, Netscribes, Inc. released its latest
report on the ‘Gems and Jewelry Market in India 2013’. Growing mass appeal of jewelry and increasing
income of Indian households is expected to help in the growth of the gems and jewelry market in India.
The market is forecasted to exhibit steady growth over the next five years.
Netscribes’ latest market research report titled Gems and Jewelry Market in India 2013 mentions that the
players operating in the gems and jewelry market will benefit from the high demand being witnessed for
their products. The sector is one of the leading foreign exchange earners for the country. A number of
reasons has aided growth in this sector; the most important being the love that Indians have for jewelry,
especially gold. However, Indians are increasingly willing to spend on other forms of jewelry such as
diamonds and gemstones studded in gold or precious white metals such as platinum. This trend will help
in the development of the overall jewelry market and the country may not just remain one of the largest
processors of rough diamonds, but may start consuming a lot of the finished, polished diamonds as well.
Although there are several industry bodies working for the development of the market, the high imports
of gold into the country has resulted in several attempts by the government to restrict imports as well as
reduce the consumption of gold. This is largely in order to correct the unfavorable current account deficit
that the country is facing. Also, the beneficiation program in Africa acts as a threat to diamond processors
in India. However, despite these challenges, the market is expected to continue to develop. Moreover,
mandatory hallmarking of jewelry has ensured that the market will continue to grow steadily over the
next few years.
For more details on the content of each report and ordering information please contact:
Phone: +91 22 4098 7600
E-Mail: info@netscribes.com
Follow Us

About Netscribes
Netscribes (www.netscribes.com ) is a pioneering knowledge consulting and solutions firm with clientele
across the globe. The company’s expertise spans areas of investment & business research, business &
corporate intelligence, publishing services and customized knowledge database creation. At its core lies a
true value proposition that draws upon a vast knowledge base.
For more information please write to info@netscribes.com

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Market Research Report :Gems and jewelry market in india 2013

  • 1. FOR IMMEDIATE RELEASE Mass Appeal of Jewelry and Growing Income Fuelling Growth in Gems and Jewelry Market in India Netscribes, Inc. launches a report on Gems and Jewelry Market in India 2013 covering a market with strong growth potential. It is a part of Netscribes’ Consumer Goods Industry Series. Mumbai, India – October 31, 2013 – Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘Gems and Jewelry Market in India 2013’. Growing mass appeal of jewelry and increasing income of Indian households is expected to help in the growth of the gems and jewelry market in India. The market is forecasted to exhibit steady growth over the next five years. Netscribes’ latest market research report titled Gems and Jewelry Market in India 2013 mentions that the players operating in the gems and jewelry market will benefit from the high demand being witnessed for their products. The sector is one of the leading foreign exchange earners for the country. A number of reasons has aided growth in this sector; the most important being the love that Indians have for jewelry, especially gold. However, Indians are increasingly willing to spend on other forms of jewelry such as diamonds and gemstones studded in gold or precious white metals such as platinum. This trend will help in the development of the overall jewelry market and the country may not just remain one of the largest processors of rough diamonds, but may start consuming a lot of the finished, polished diamonds as well. Although there are several industry bodies working for the development of the market, the high imports of gold into the country has resulted in several attempts by the government to restrict imports as well as reduce the consumption of gold. This is largely in order to correct the unfavorable current account deficit that the country is facing. Also, the beneficiation program in Africa acts as a threat to diamond processors in India. However, despite these challenges, the market is expected to continue to develop. Moreover, mandatory hallmarking of jewelry has ensured that the market will continue to grow steadily over the next few years. For more details on the content of each report and ordering information please contact: Phone: +91 22 4098 7600 E-Mail: info@netscribes.com Follow Us About Netscribes Netscribes (www.netscribes.com ) is a pioneering knowledge consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment & business research, business & corporate intelligence, publishing services and customized knowledge database creation. At its core lies a true value proposition that draws upon a vast knowledge base. For more information please write to info@netscribes.com