Noida, India (PressExposure) October 27, 2009 -- As per our recently published research report âIndian Gems and Jewellery Market - Future Prospects to 2011â, gems and jewellery market in India posses tremendous potential for future growth since it has an added advantage of low production cost and highly skilled labor that separate it from its competitors. It is projected that the overall gems and jewellery market will grow at a CAGR of around 14% during 2009-2012.
Given the fact that majority of market share is occupied by family-owned jewellers, the domination of unorganized segment still continues on the Indian gems and jewellery market. However, this scenario is gradually changing with the entrance of organized players who primarily focus on customer satisfaction by giving better and finer quality products. Thus, consumers are now moving towards branded jewellery which is more reliable in terms of quality and design.
âWith changing customersâ attitude towards branded jewellery and entrance of organized players in the market, this segment will grow at much faster pace (annual growth of more than 40%) than the overall jewellery market in coming years,â said a Research Analyst at RNCOS.
In addition, our research gives detailed industry overview and future outlook for the overall gems and jewellery market in India along with its major sub-segments - gold and diamond jewellery - after adjusting the impact of global financial crisis on growth. The report also studies export and import segment of the market, with segregate analysis of gemstones, pearls and jewellery, to give a deep insight into the market functioning.
âIndian Gems and Jewellery Market - Future Prospects to 2011â is a comprehensive research report that comprises quality research and in-depth analysis of the Indian gems and jewellery industry. It includes thorough study of its major sub-segments, including production and sales, along with discussion on key growth promoters such as government support and changing lifestyle.
The future outlook given in the report is based on past growth trends, current industry and regulatory developments besides base drivers, opportunities and challenges faced by the gems and jewellery industry in India.
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