Today: May 30, 2016, 5:08 am
  
Finance

India gems market: 14.9% CAGR growth forecast between 2012-16

companiesandmarkets.com
companiesandmarkets.com
Gems and Jewelry Market in India 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-26 09:35:01
The India Gems and Jewelry market is to grow at a CAGR of 14.93 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for gold jewelry by Indian consumers. The Gems and Jewelry market in India has also been witnessing the entry of jewelry retail stores. However, the increase in gold prices could pose a challenge to the growth of this market.

One of the recent trends being witnessed in the market is the increasing purchase of jewelry through online stores. The online jewelry stores are managed by organized players. Currently, the online jewelry stores are in a nascent stage of growth. In 2012, they accounted for less than 10 percent of overall sales of branded jewelry. The consumers in urban areas are willing to purchase jewelry online as it is easy, safe, and convenient. Moreover, a majority of online jewelry stores offer different payment options and provide third-party lab certifications for gold and diamond jewelry. Internet shopping in India is currently low, but is expected to rise drastically, especially in urban areas, due to the high internet penetration over the next few years.

One of the major drivers in this market is the increasing demand for gold jewelry by Indian consumers. India is one the largest consumers of gold jewelry, where the majority of gold jewelry is being used for aesthetic purposes and as an investment option.

One of the major challenges is the fragmented and highly unorganized nature of the market. The industry is dominated by smaller players and there are over 500,000 such players operating in the Gems and Jewelry market in India. The majority of unorganized players do not offer BIS certification that endorses the purity of gold. Thus, there is no standardization of the quality of gold jewelry being sold in various outlets and customers may end up purchasing low quality gold jewelry.

The key vendors dominating this market space are Titan Industries Ltd., Gitanjali Gems Ltd., Malabar Gold Pvt. Ltd., Kalyan Jewelers and Joyalukkas India Limited.

Other vendors are Khazana Jewellery, Kirital Kalidas Jewellers Private Limited, PC Jeweller Ltd., Reliance Gems and Jewels Ltd. And Tribhovandas Bhimji Zaveri Ltd..

Click for report details: www.companiesandmarkets.com/Market/Consumer-Goods/Market-Researc ..

Browse all Consumer Goods Market Research Reports www.companiesandmarkets.com/Market/Consumer-Goods/Market-Researc ..

Browse all Consumer Goods Company Profile Reports www.companiesandmarkets.com/Market/Consumer-Goods/Company-Profil ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Press Information


Published by
Mike King
London: +44 (0) 203 086 8600
e-mail
www.companiesandmarkets.com



# 567 Words
Related Articles
 
More From Finance
New Frontier Portfolios Top Morningstar Rankings
Boston, April 14, 2016—New Frontier’s global strategic portfolios topped the Global Balanced Strategic category of the latest [..]
Finding an Excellent Tax Lawyer with the [..]
Sound Advice about Finding an Excellent Attorney When an individual requires legal representation, whether for an IRS tax debt [..]
First Gothenburg Bancshares to acquire Nebanco, Inc.
Denver, CO: March 24, 2016 – First Gothenburg Bancshares, Inc., the holding company for First State Bank, Gothenburg, Nebraska [..]
With Bad Credit It Is Still Possible [..]
What to Expect When Seeking a Bad Credit Home Loan Refinance Okay, so not everyone has great – or even [..]
Credit-Yogi Professionals Describe How to Get Out [..]
Who doesn’t want to save money while getting rid of debt? Most folks would jump at the chance to do [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.