The global market research pioneer RNCOS has evaluated inherent potentials of the Indian gems and jewellery industry in its latest research offering titled "Indian Gems and Jewellery Market - Future Prospects to 2011". The conceptual analysis of all prominent market segments and inferences of industry statistics have revealed that the Indian market is a rapidly growing market with strong future growth potentials.
The report thoroughly analyzes the Indian gems and jewellery market and marks the critical trends shaping the industry's current and future growth prospects. Report states that India holds a competitive edge in terms of cost advantages. One of the lowest per carat diamond cutting and polishing costs (at around US$ 10) in India eventually translates into comparatively low cost jewellery, thereby amplifying the overall consumption.
The research further illustrates that apart from diamond jewellery, gold consumption is also increasing rapidly. The government has also strongly supported the industry in the time of recession. On the concrete fundamentals of existing and future proposed market trends, we expect that India will capture a dominant share in global gold consumption in 2012.
Although unorganized sector dominates the Indian gems and jewellery market at current, this trend is expected to change in near future, with organized sector fast becoming the mainstream sales channel. During our forecast period, the organized jewellery sector will account for a significant share in country's total jewellery market.
According to a senior analyst at RNCOS, "Industry needs to take initiatives to set up design centers with the chief focus on training jewellers so that the industry can compete with international markets. Also, the Indian gems and jewellery industry needs to work harder on standards and certification to build customer confidence."
Our report, "Indian Gems and Jewellery Market - Future Prospects to 2011", provides strategic study of the gems and jewellery market in India. By analyzing past and future aspects of the market, the report highlights the potential growth areas in the market and gives an overview on the market for gems and jewellery in the country. The report also provides an overview of the leading market players in order to give a complete analysis of the competitive landscape.
For more information visit: http://www.rncos.com/Report/IM148.htm |
