According to our new research report “ Indian Gems and Jewellery Market - Future Prospects to 2011”, the economic slowdown could not alter the growth trajectory of Indian gems and jewellery market. A growing middle class population that too equipped with improving income levels sustained the developments pace and boosted demand. It was resulted in a positive year-on-year sales growth in the overall gems and jewellery market. The report further revealed that the market will continue to post one of the fastest growths among all prominent industries at around 14.7% CAGR for the period between 2010 and 2012.
The study identified that the Indian consumer has recently become the focus of every retailer’s eye. International brands have started flocking in to set up franchises in India. Per head disposable income registered a CAGR of nearly 8% during 2004-2010 - one of the highest globally. This coupled with traditional desires of buying gold jewellery on specific occasions have boosted the gems and jeweler market prospects. We anticipate almost similar trend to prevail during our forecast period which will enable market to post double digit annual growth during 2010-2012.
Moreover, the branded jewellery sector has seen tremendous developments over the past few years. Although it represents only a fraction of overall gems and jewellery industry, its future prospects are quite bright. As the Indian jewellery market matures, it is expected to get more organized and the share of branded jewellers will increase rapidly in the years to come.
“ Indian Gems and Jewellery Market - Future Prospects to 2011” is an outcome of extensive research and objective analysis of gems and jewellery industry market potentials within Indian perspectives. It facilitates information/statistics on various industry segments including gold jewellery, diamond jewellery, gemstones, Non-gold jewellery and pearls. Besides covering market intelligence on core industry performance and future outlook, the report also provides information of all prominent industry verticals. By analyzing past and future aspects of the market, the report highlights the potential growth areas in the market.
For more information visit: http://www.rncos.com/Report/IM148.htm |
