RNCOS, the global research pioneer, has extensively studied Indian gems and jewellery industry in order to examine the post-recession industry scenario as well as its future growth potentials. The research report titled "Indian Gems and Jewellery Market - Future Prospects to 2011" is a live testimony of conceptual analysis of all prominent market segments and their unbiased evaluation in Indian context. The findings of the report indicate towards fast growing and potentially lucrative market which has shown notable resilience against economic slowdown and emerged out with marginal dents.
We have thoroughly researched the Indian gems and jewellery industry and identified decisive market trends shaping the industry's current and future growth prospects. As discussed in report, India's share in world gold consumption stands at around 20% at present. Based on some concrete market fundamentals studied in the report, we anticipate this share to grow dynamically in coming years and the country will capture nearly one-fourth of global gold consumption by 2012.
Further, 85-90% of gold and gold jewellery demand in the country is domestically-driven and remaining 10-15% is export-led. Gold jewellery constitutes the bulk of the Indian gems and jewellery market. Despite recession, exports of gold jewellery increased rapidly in 2008-09 over 2007-08, which is an indication of growing acceptance of Indian gold jewellery in the international market. We expect this trend to remain applicable in coming years also, which will enable the industry to achieve its exponential growth trajectory.
However, some restraints still exist that may hamper the smooth growth of the industry. Highly unorganized market structure, cheap and attractive Chinese products, etc. can potentially disrupt the growth rhythm of the Indian gems and jewellery market. So, a feasible and proactive contingency strategy is required to overcome such challenges.
"Indian Gems and Jewellery Market - Future Prospects to 2011" is an outcome of extensive research and thorough analysis of the Indian gems and jewellery industry. It provides coherent study of gold, diamond, gemstones, and jewellery segments and provides all-round market intelligence on production, consumption, exports, imports, etc. The report also includes competitive landscape so as to help clients in outlining their market strategies accordingly.
For more information visit: http://www.rncos.com/Report/IM148.htm |
