The local movement of diamond within India is mostly done by Traditional ‘ Angadia ’ (not a professional Courier company). It is purely on trust and there is no legal documents for the diamond transportation.
85% p.a. of Global Diamond sales worth 12.5 billion US$ come from India, ( Press release in The Economic Times, 5 th May 2006 on ‘ India to become global hub for gems and jewelry’)
As per Economic Times: Exports increasing from $7779.5m in FY01 (Financial Year 2001) to $15,706.9m in FY05 ( Financial Year 2005 ) , making the industry one of the country’s largest Forex earners.
India leads the globe in Diamond manufacturing with 60% share in value, 85% in volume and 92% share in the number of pieces produced. (Press release in The Economic Times, 5 th May 2006 on ‘ India to become global hub for gems and jewelr's)
The Indian cut & polished diamond manufacturing industry is expecting a growth of 15 to 20 percent in next two years
Market Analysis As per the figures published in 2005, India accounts for over 57 per cent of the cut and polished diamond pie in terms of value. It is said that 11 out of 12 stones set in jewellery are cut and polished in India.
India’s consumptions of gem & jewelry has grown rapidly (10.2% over the last five years) Today, the market is estimated at USD 12.17 billion. In the advance estimated of 2006. India’s consumption of jewelry is expected to reach USD 13.1 billion, a 7.64 % increase over 2005
China and India will be the new centers for the fabrication of studded jewelry, as the U.S.'s share will decline. Turkey will take over a significant share of the gold jewelry fabrication market from Italy.
KPMG MARKET ANALYSIS
Logistics of Diamonds in India DIAMOND CUTTING LOCAL DIAMOND WHOLSALERS DIAMOND EXPORTS GENERIC JEWELRY BRANDED DIAMOND JEWELRY RETAIL SALE CUSTOMERS (END USERS) LOOSE DAIMOND EXPORT DIAMOND JEWELRY
The Four C's : Diamond professionals have developed standards for comparing & evaluating these precious stones. These standards are better known as the 4 C's.
Cut : (Refers to the angles and proportions of a diamond) This refers to how the diamond has been cut and its geometric proportions. When a diamond is cut, facets are created and the diamond's finished shape is determined
2. Clarity : (Refers to the presence of inclusions in a diamond)
This is the measurement of a diamond's flaws, or inclusions that are seen in the diamond. Clarity levels begin with Flawless & move down to Very Very Slight (VVS), Very Slight (VS) & Slightly Included (SI).