JEWELLERY INDUSTRY

Presenting by JEEVAN KAHAJA

MARUTHI BHARGAV

INTRODUCTION Jewellery consists of small decorative items

worn for personal adornment, such as brooches, rings , necklaces, earrings and bracelets. Jewellery may be attached to the body or clothes. Jewellery is an important emerging sector in the Economy. Ranked among the fastest growing sectors, it is also a leading sector for foreign exchange generation. Jewellery is made of an alloy of gold, white gold, platinum, palladium, titanium, silver etc.

If you think gold or silver are most expensive metals in the world because we call them ‘precious’ if you think you’re wrong. For starters other precious metals like platinum and rhodium cost more despite the fact that their price come down considerably in recent week.

Platinum platinum is a chemical element. It is a precious, gray white

transition metal. Its name derived from Spanish term palatine, which mean little silver. It is first time used by per-Columbian Latin American natives to produce artifacts.

Rhodium Rhodium is a chemical element. Rhodium discovered in

England by William Hyde in 1804. it is one of rarest and most valuable precious metals. It is a noble metal, resistant to corrosion, found in platinum. It is used as an alloying agent for hardening and resistance of platinum..

HISTORY The first signs of jewellery came from the people in Africa 75,000 years ago at Blombos Cave In Kenya. They use to ware sea snail shells and ostrich egg shells. more than 40,000 years ago. In Russia, a stone bracelet and marble ring are attributed. The first signs of established jewellery making in Ancient Egypt was around 3,000–5,000 years ago.

Amulet pendant (1254 BC) made from Gold, Lapis lazuli, Turquoise and carnelian 14 cm wide

HISTORY OF KOHINOOR DIAMONDThe history of the Kohinoor goes back in history to more than 5000 years ago. The current name of the diamond, Koh-I-Noor is in Persian and means “Mountain of Light”. The Koh-I-Noor was transferred to the treasury of the British East India Company in Lahore. Queen Victoria wore the diamond occasionally After Queen Victoria’s death, the Kohinoor became part of the Crown.

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MARKET CAPITALIZATION

India is one of the world's largest diamonds and gem polishing and jewellery manufacturing center, it is also first largest consumers of gold. After crude oil and petroleum products, the export and import of gold, precious metals, precious stones, gems and jewellery accounts for the largest portion of India's global trade. The industry contributes about 7% of India's GDP and is a major source of its foreign exchange earnings. Jewellery industry, in 2014, created  251000 crore (US$38 billion) in economic output ₹on value added basis. It is a fastest growing sector of Indian economy, and A.T. Kearney project says its grow to 

500000 crore (US$75 billion) by 2018₹

MARKET SIZEAccording to a report by Research and Markets, the

Jewellery Market in India is expected to grow at a CAGR of 15.95 per cent over the period 2014-2019.

The Foreign Direct Investment (FDI) inflows in diamond and gold ornaments in the period April 2000 - June 2015 were US$ 716.95 millions.

The FY 14 saw an increase of 12.65 per cent in export of cut and polished diamonds with the segment reaching US$ 19,635 million.

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The industry also witnessed a rise of 11.98 per cent in imports of rough diamonds with figures of US$ 16,716 million.

India imported 163.11 million carats of rough diamonds worth US$ 16.34 billion and exported 36.46 million carats of polished diamonds valued at US$ 20.23 billion in 2013. The country exported gems and jewellery worth US$ 36.04 billion in 2013

GROWTH RATE

India’s domestic Gems and Jewellery market is equally strong.

The Gems and Jewellery sector plays a significant role in the Indian economy, contributing around 6-7 per cent of the country’s GDP

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The Government of India has viewed the sector as a thrust area for export promotion. In FY14, India's gems and jewellery sector contributed US$ 34.75 billions.

The domestic gems and jewellery industry had a market size of Rs 251,000 crore (US$ 40.45 billion) in 2013, with the potential to grow to Rs 500,000–530,000 crore (US$ 80.59-85.43 billion) by 2018.

SWOT ANALYSIS

STRENGTHS

Highly skilled, qualified and motivated employees.

Strong marketing & distribution network. Strong retail presence in India and in U.S.

Net Worth of the total size of the gems and jewellery sector (both domestic and exports) is about Rs 4,15,000 crore . So we can say that it is financially very strong sector.

Strong brand equity and broad product range like Gitanjali, Tanishq.

WEAKNESSES

• There may be conflicts of interest between organized & unorganized players.

• As the major raw material requirements need to be imported, companies normally stock huge quantities of inventory resulting high inventory carrying costs.

• Technology is less improved compared to China and Thailand’s company.

OPPORTUNITIES

• New markets in Europe & Latin America.• Growing demand in South Asian & Far East

countries.• Industry moving from a phase of

consolidation.• Expansion possibilities in lifestyle and luxury

products in India like watches, leather goods, Platinum jewellery because increasing disposable income of people.  

THREATS

• International Competition

• China, Sri Lanka and Thailand's entry in small diamond jewellery.

• Increase in the price of Gold & Diamonds.• Other local competitors. According to the data

97% jewellery sales are by family jewelers.• Threat from producing nation like S.A. &

Russia.

TOTAL CONTRIBUTION OF THE ECONOMY• GEM&JEWELLERY INDUSTRY SET TO DOUBLE IN 5 YEARS.• With the Rs 2.5 lakh crore domestic gems&jewellery industry expected to

double in size in the next five years to between Rs 5,00,000 crore and Rs 5,30,000 crore by 2018,this sector is considered one of the most important sectors of the indian economy and also one of the fastest growing sectors in the past few years.

jewellery has a special significance in indian culture and has been an integral part of our lifestyle for centuries.today,our country has a large domestic jewellery market and is the largest consumer of gold jewellary in the world with 29 per cent share of total global demand for gold as jewellery.

The Gems&Jewellery sector has been playing a very important role in the indian economy and it contributing 6 to 7 per cent of the country’s GDP.

TOP LEADING COMPANIES

• Cartier• Buccellati• Tiffany’s&co• Harry winston• Piaget• Chopard• Graff• Mikimoto• Van cleef &Arpels• Bulgari

JOB OPPORTUNITIES IN JEWELLERY INDUSTRY

• This industry provides direct employment to roughly 2.5 million people with the potential to generate employment of 0.7 to 1.5 million over the next five years.

• Every where on earth,people honor and appreciate the beauty and mystery of gems. And so it follows that every where . also find the gem and jewellery industry. just like the gems that are at the heart of this work, the opportunities are infinite but limited only by our imagination,passion,and the professional skills.

• Sales professionals• Management professionals• apraiser• designer• Whole sale Jewellery manufacturing jobs• Lab grader/quality assurance technician• watch maker /importer• Estate jewellery maker

Latest DevelopmentsIndia Overtakes China in Gold Demand

Indian appetite for gold jumped by more than a third in the last quarter, in sharp contrast to the rest of the world, boosted by jewellery demand for the wedding season, an industry body said on Thursday.

Titan to Offer International Shipping of Jewellery ProductsThis new feature has been launched for a selected range of jewellery products, keeping in mind the interest of non-resident Indians (NRIs), People of Indian Origin (PIOs) in purchasing ethnic products and jewellery from India, especially during in the upcoming festive season, the company said in a statement.

LATEST NEWS•128-carat yellow diamond going to tender

•For the holidays, Tiffany keeps it real

•Bonham's to auction world’s largest meteorite carving

•RapNet: 1-ct. diamond prices down 1 percent

•John Hardy celebrates 40 with exclusive collectionLongtime watch executive Mort Gershman dies

Botswana Q3 Rough Exports -41%

Exports of rough diamonds from mines in Botswana fell 41 percent to $531.9 million in the third quarter to September, mirroring

RECENT PRESS RELEASE

• On13.08.2015 New ISO Standard for Creating Clarity Over Natural and Synthetic Diamonds

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• On 7.7.2015 Indian Diamond Traders Meet to deliberate on the strategy and Way Forward for the trade

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