Indian gems and_jewellery_industryDocument Transcript
BrochureMore information from http://www.researchandmarkets.com/reports/682397/Indian Gems & Jewellery IndustryDescription: Back on the shining trail Precious metals and gemstones have been an integral part of the Indian civilisation since its recorded history. Gems and Jewellery (G&J) has been consumed by Indians for ages for both its aesthetic as well as investment value. India has the distinction of being the first country to introduce diamonds to the world. The country was also the first to mine, cut & polish and trade in diamonds. The Indian G&J industry can be classified into various sub segments like diamonds, coloured stones, gold and silver jewellery, pearls, etc. However, the two major segments in India are gold and diamonds. India dominates the diamond processing trade with 11 out of 12 diamonds being cut and polished in India. India also dominates the gold and silver consumption globally with consumption of approximately 700 tonnes (gold) p.a. A major foreign exchange earner, the industry is also notable in providing employment to 1.5 mn people directly and indirectly. The industry is characterised by a significantly large unorganised sector, labour-intensive operations, high working capital & raw material intensiveness, gold price volatility and export orientation. The demand for gold and diamond jewellery is driven by festivals, weddings and gifts, the increasing affluence of the middle class population and the increase in per capita spent on luxury items. Though India plays a dominant role in the G&J industry in terms of processing and consumption, mining of gold and diamond is amongst the lowest in the world. India imports gold and rough diamonds along with other precious metals. Gold is purchased from countries like Switzerland, South Africa, Australia and UAE, and rough diamonds are sourced from Belgium, UK, Israel and UAE. There is an impact on the demand for gold given the record high price of gold in the last couple of years, but consumers have remained bullish on the precious metal and there is an increased investment-related demand for gold. The authors expect organised retail to grow because of the changed buying preference of the increasing younger population through the introduction of hallmarking and certifications. The key drivers for growth in the industry are increasing disposable income, conscious marketing efforts, rising young population with the urge to spend on jewellery since it’s regarded a fashion accessory. Indian G&J players are recognizing the importance of diversifying their business to emerging markets like China and the Middle East and not completely relying on the US as was the case before the financial crisis. However, it will be difficult to replace the US which is still the largest diamond market in the world. We now expect emerging market countries to be the engines of future growth for the diamond market as the demand from developed countries will remain subdued for some time to come. Based on the gradual recovery in the global markets, the authors have investigated some of the leading indicators that signal a growing momentum in the Indian G&J sector. Factors like significantly lower inventory levels as compared to the period of financial crisis, a huge jump in export numbers, lower unemployment levels and stable rough diamond prices, all reveal a resurgence in the sector which was so critically impacted during the financial crisis when demand from developed countries plummeted.Contents: Executive Summary 01 Introduction 02 Evolution of the Industry 03 Outlook
Diamond ProcessingDomestic ConsumptionChanging trends in the Indian retail jewellery marketConcerns04 Product ProfileDiamondsGoldSilverColour Stones05 Industry CharacteristicsRaw Material IntensiveDiamond & GoldLabour IntensiveWorking Capital IntensiveExport OrientedLargely Unorganised SectorBranding & Certification06 Demand Supply ScenarioDemandDemand DriversSupply07 Export-Import08 Cost Analysis09 Capex Investments10 Pricing Analysis11 Duty Structure & Government InitiativesDuty StructureGovernment Initiatives12 Analytical ModelSWOT AnalysisPorters Five Force Model13 Company OverviewGitanjali Gems Ltd.Rajesh Exports Ltd.Asian Star Co. LtdSuashish Diamonds Ltd.Su-Raj Diamonds & Jewellery Ltd.14 AnnexureWorld Gold DemandWorld Silver DemandValue Chain of Gems and Jewellery IndustryManufacturing Process - GoldDiamond Processing Flow ChartWorld Gem Quality Diamond Production MapWorld Gold Holdings – Top 100 countriesGems and Jewellery Value Addition LadderMap of major diamond producing countriesIndex - FiguresTopicProduct ProfileDiamonds Features
Industry CharacteristicsComparative Costs of processing a diamondIndian’s Diamond & Jewellery exportGold Jewellery fabricationUS Imports of Jewellery by source RegionDemand Supply ScenarioGlobal Jewellery saleGlobal GJ value chain – 2005Share of Various Jewellery SegmentsKey World marketGeographical segmentation – Gold – India (2009)Geographical segmentation – Diamond– India (2009)Increasing Disposable IncomePer Capita Spend on Luxury ItemsMiddle Class more diversified in expensesDiamond Mining Countries (2008)Gems & Jewellery export BasketTop 10 gold producers by production – 2009ETop 10 gold producers by reservesExport - ImportGems and Jewellery Export BasketValue addition by diamond processing industryCost AnalysisCost Chart for Key CompaniesPricing AnalysisPolished Diamond Price IndexationGold Price and volatility chartGold Price trend in IndiaSilver Price in US$ OzSilver Price in Rs./KgIndex – TablespicIndustry CharacteristicsRough diamonds import by value & carats in IndiaCountry wise imports (rough) to IndiaGold Imports by values & tonnesWorking Capital Cycle company wiseWorking Capital industry averageDemand Supply ScenarioGold Demand In IndiaSilver Demand in IndiaTotal World Rough Diamond ProductionDiamond production by the top diamond-mining companiesWorld Supply - GoldPrimary Mines Supply(Gold)World Supply – SilverPrimary Mines supply (Silver)Export-ImportExports of Gems & Jewellery StatisticsDestination wise Export of Gems & JewelleryImport of Raw material for Gems & JewelleryCost AnalysisIndustry Averages net working capital cycle in days
Capex Investments Investment Statistics Project Details Pricing Analysis Diamond Pricing Review Rounds price premium by size – D-H, IF-VS2 as on December 25, 2009 (in %)Ordering: Order Online - http://www.researchandmarkets.com/reports/682397/ Order by Fax - using the form below Order by Post - print the order form below and send to Research and Markets, Guinness Centre, Taylors Lane, Dublin 8, Ireland.
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