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INDUSTRY
SETHU P.M
MBA 1st Year
SJCET SCHOOL OF MANAGEMENT
OVERVIEW
Large market for Gems & Jewellery with
domestic sales of over $10 billion.
4% of the global Gems and Jewellery market.
Exports of over $15.5 billion; over 18% of
worlds exports.
India is the largest consumer of gold jewellery in
the world.
Accounts for about 20% of world consumption
3
Gemstones
Diamonds
Coloured
Stones
Pearls
Gold and
Gold
Jewellery
Silver and
Silver
Jewellery
Gemstones
studded
Jewellery
500
400
300
630
200
100
175
32
0
Gold jewellery
Diamond
Jewellery
Other fabricated
Jewellery
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DIAMONDS INDUSTRY
DIAMONDS INDUSTRY
Largest diamond cutting and polishing centre in the
worldwith 60 per cent value share, 82 per cent carat
share and 95 per cent share of the world market in terms
of number of pieces.
In the period of 9 months from April to December09
exports of rough diamond declined by 37% to 157.09
lakh carats whereas the exports of cut & polished
diamonds mounted by 18% to 407.36 lakh carats
Nearly 9 out of 10 diamonds sold worldwide are cut and
polished in India.
continue
SWOT Analysis
STRENGTHS
Large integrated diamond & jewellery players and having an
international presence.
Strong marketing & distribution network. Strong retail
presence in India and in U.S.
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 Thailands company.
OPPORTUNITIES
New markets in Europe & Latin America.
Growing demand in South Asian & Far East
countries.
THREATS
International Competition:-China, Sri Lanka and
Thailand's entry in small diamond jewellery.
Increase in the price of Gold & Diamonds.
Today
Unbranded
Branded
Investment
Investment + Fashion
Traditional design
Fashionable
&
innovative
design
Marriage & festival is peak Wearability and gifts
season
Jewellery sold on commodity Jewellery being sold on a per
piece basis
Major Players
Asian Star Co Ltd.
B. Vijaykumar
Gitanjali Gems Ltd.
Hindustan Diamond Co. Pvt. Ltd.
J.B Brothers.
K Girharilal.
Laxmi Diamond.
Mehendra Exports.
Global presence in
Approximately 1,246 retail outlets in India and 143 outlets in the U.S.
Gitanjali Gems posted net revenues of Rs 9.76 bn, a growth of 60% in 2013.
Leading brands
P.P. Jewellers
MD: Mr. KAMAL GUPTA
Rosy Blue
MD: Mr. Russell Mehta
Operations cover
- Diamond trading
- Certificated diamond trading
- Diamond manufacturing
- Jewellery manufacturing
- Jewellery retailing
Diamonds
cutting and polishing of diamonds.
Jewellery
diamond studded gold/platinum jewellery.
3500 employees.
Brand Ishis .
Tanishq
MD: Mr. CK Venkataraman
Started in 1995.
Titan Industries Ltd - promoted by TATA
group.
110 stores in 78 cities
MAJOR
PRODUCTION CENTRES IN INDIA
42
EXPORTS
Total export of gems & jewellery in the year AprilMarch,2013 was 310081.11 with a 2.76% growth rate &
23.27% share in the total export.
Exports posted a modest growth of 1.45 per cent during
2012-13 at US$ 24.1 billion, primarily driven by gold
jewellery exports, including medallions and ornaments.
The country exported US$ 24.8 billion of gem and jewellery
in 2012-13.
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The United Arab Emirates (UAE) was the largest importer
of gems and jewellery from India in 2012-13, with a share
of 33% followed by Hong-Kong(25%) and U.S.A(19%).
The sector accounted for 13 per cent of Indias total
merchandise exports.
The export industry mainly comprises of small-to-large
units based in various special economic zones (SEZs)
supplying primarily diamond-studded jewellery.
EXPORTS DATA
ITEMS
2009
2010
2011
53892.02
48905.57
57117.17
GOLD
JEWELLERY
16498.21
5572.37
COLOURED
GEMSTONES
975.07
1062.27
834.80
ROUGH
DIAMONDS
1865.49
1111.05
VALUE IN CRORES
2012
2013(APR)
58649.45 45365.09
1197.55
TO U.S.A
DVL JEWELS
PVT. LTD.
ELEGANT
COLLECTION
DIATRENDS
JEWELLERY
PVT. LTD.
TO ITALY
DWARKA
GEMS JEWELS
IN INDIA
TAKAT GEMS IN
INDIA
FINE
JEWELLERY
IMPORTS
Total imports by India declined by 13.46% y-o-y to U.S
$35.37 bn during June 2012 compared to total imports of U.S
$40.87 bn in June 2011.
Indias import of gems and jewellery increased by 45.39% in
Fiscal 2012 to U.S $ 41.93 bn from U.S $ 28.84 bn in Fiscal
2011.
The total imports of gems and jewellery sector grew at a
CAGR of 27.74% for the period Fiscal 2003 to Fiscal 2012.
IMPORT DATA
2012 2013(APR)
ITEMS
2009
2010 2011
ROUGH DIAMONDS
40039.14
GOLD BAR
7034.52
7905.74
9734.41
16010.27
8832.61
Rs. In CRORES
10820.32 6062.77
Major Importers
60
40
25
20
0
2009
2015
Mass
Jewellery
Designer
Jewellery
Branded
Jewellery
Processed
Raw Material
High Value
Processed
Raw MaterialLow Value
Raw
Materials
3. The export revenue for 2011-12 was US$ 42.84 bn, with
cut & polished diamonds contributing US$ 23.33 bn and
jewellery US$ 9.50 bn.
4. In 2015 India and China will capture about a quarter of the
global luxury market given economic growth in these two
countries.
continue
Whats New..
NEWS
KOLKATA, MARCH 17:
The All-India Gems and Jewellery Trade Federation (GJF) has
gone on a three-day strike starting Saturday to protest against the
Budget proposals announced on Friday.
Close to three lakh jewellers under the trade federation have joined
the strike, shutting all jewellery establishments during March 1719.
The Union Finance Minister, Mr Pranab Mukherjee, has proposed
to bring unbranded precious jewellery under the excise duty net
and raise customs duty on gold bars and coins.
There is also a proposal to increase import duty on gold from two
per cent to four per cent.
This apart, the Government has also proposed to levy one per cent
tax for cash purchase of jewellery worth more than Rs 2 lakh.
CONCLUSIONS
REFERENCES
Care Research-Indian Gems and Jewellery Industry,2011
Daily newspapers
www.indiabulls.com
www.myiris.com
www.moneycontrol.com
http://commerce.nic.in/ftpa/default.asp
http://www.ibef.org/download/GemsandJewellery_sectoral
http://www.commodityonline.com/learning_sub.php?id=32
sethupm@aol.in
sethu@hotmail.com
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sethupm@ymail.com