Indian jewelry market expected to grow at CAGR of 15.95% by 2019
According to a recent report “Jewelry market in India 2015-2019”, the same market is expected to grow at a Compound Annual Growth Rate (CAGR) of 15.95% by the year 2019. The report has been prepared on the basis of in-depth market analysis with valuables inputs given from industry experts. The report not only provides an insight of Indian economy but also explains briefly about important mines and production centers of jewelry in India.
“Jewelry market in India 2015-2019” also includes the description of numerous distribution centers across country, that are being used as distribution channels. Major drivers which influence the growth in the sector have been thoroughly discussed in this report along with per capita income held responsible for the increase in sales of jewelry. The report delineates all those challenges which the vendors are facing along with major emerging in the jewelry market. The key vendors who are operating in the market have been discussed too.
After segmenting the jewelry market into various segments, three major categories which we come across are gold jewelry, diamond jewelry and other kinds of jewelry. In India jewelry plays various roles and used for various purposes which includes long term investment, status symbol and prevaricate against inflation.
Key vendors of jewelry in India include Gitanjali gems, Kalyan jewelers, Malabar Gold & Diamonds and Titan Company Limited. There are more prominent vendors like Asian Star, Arihant Jewelers, Bhima Jewelers, Gemco Design and others which make a never ending list. The Jewelry sector in India has challenges in the form of threat from unorganized sectors and changes in consumer preferences.
ABOUT GITANJALI GROUP
Founded as a single company cutting and polishing diamonds for the jewellery trade at Surat, Gujarat, in 1966, the Gitanjali Group became, many times over, a pioneer among major diamond and jewellery houses.First major diamond and jewellery house to be launched and run by modern entrepreneurs rather than dynastic jewellers. An authorised DTC Sightholder and loyal customer – and a modern multinational business run on innovative insights.
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