Professional Documents
Culture Documents
Prototype Jewellery at
Surat
Gems &
Jewellery
Government of Gujarat
Contents
Project Concept 3
Market Potential 6
Growth Drivers 7
Gujarat – Competitive Advantage 8
Project Information 9
- Location/ Size
- Raw Material/ Manpower
- Infrastructure Availability/ Connectivity
- Key Players/Machinery Suppliers
- Potential Collaboration Opportunities
- Key Considerations
Project Financials 13
Approvals & Incentives 14
Page 2
Project Concept
During the design stage, jewellery designers typically put their ideas on paper. Traditionally, this
was done using paper and writing instruments. However, today’s evolving technology makes it
possible to create jewellery designs using computer software with ease.
Source:
http://www.theartcareerproject.com/add-a-little-bling-to-with-a-jewelry-design-career/238/
http://www.efunda.com/processes/rapid_prototyping/intro.cfm
Page 3
Project Concept
Assaying and
Cleaning and
Designing purity Hallmarking
polishing
checking
Final quality
Procurement Frame making Stone setting
checking
Reverse 3D reconstruction/
engineering 2.5D
reconstruction
3D CAD
STL (3D)
Layer information, SCL or CLI
Auxiliary geometry
Geometric data (supports etc.)
Process/ machine
Specification of machine parameters
layer information
Page 4
Project Concept
Page 5
Market Potential
0.00 0%
2014 2015F 2016F 2017F 2018F 2019F
Revenue Growth rate
► The jewellery market is expected to grow at a CAGR of 16.1% between 2014 and 2019.
► Rising per capita income, availability of skilled labour and benefits from SEZs are some of the
drivers of the jewellery industry in India.
Source:
http://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/natural-diamond-traders-up-in-arms-against-lab-
diamond-traders/articleshow/51434200.cms
“Grown diamonds: unlocking future of diamond industry by 2050,” Frost and Sullivan, www.frost.com, accessed 5 July, 2016.
Page 6
Growth Drivers
► More than one fifth of Chinese women and around one third of
American women search for designs online before actually
making a purchase.
Technology
► In India, 12% of women purchasers use the internet to pre-
oriented
select designs or learn more about diamond jewellery. As a
result, jewellers are required to keep coming up with latest
designs to enhance growth in the competitive environment.
Source:
“The Diamond Insight Report,” De Beers Group, https://www.debeersgroup.com, accessed on 5 July, 2016.
http://www.mdtmag.com/article/2015/03/5-key-benefits-using-rapid-prototyping-product-design-development
“Rapid Prototyping Technology for New Product Development,” International Journal of Innovative Science, Engineering & Technology,
http://ijiset.com/, accessed 5 July, 2016.
Page 7
Gujarat - Competitive Advantage
Source:
“Gems & Jewellery investment opportunities in Gujarat,” SIDBI, http://smallb.sidbi.in/, accessed 4 July, 2016.
Page 8
Project Information
► Gems and Jewellery industry is highly dependent on imports of raw materials, of which rough
diamonds account for almost 50% of the imports.
► The industry is also highly dependent on import of gold due to its limited production in the
country which has made them extremely vulnerable to any regulations that constrain gold
supply.
Source:
http://www.sursez.com/about-us.html
“A story of diamonds,” Materials Research Society of India, http://www.mrsi.org.in/, accessed 3 July 2016.
“Synthetic diamonds and its identification,” De Beers Group, https://www.debeersgroup.com, accessed on 5 July, 2016.
http://hubpages.com/style/Categories-and-sub-categories-of-Gemstones-and-Jewellery
Page 9
Project Information
Rail Road
► The city is connected to Delhi Mumbai
► Surat is connected with other districts of the Industrial Corridor (DMIC) which links
state such as Rajkot, Vadodara and Ahmedabad, Vadodara and Surat.
Ahmedabad by rail. ► Proximity to NH-8 and NH-6 further enhances
► Hazira port in Surat is ~16 kms away from the connectivity in the city.
Surat railway station. ► Surat also has very good connectivity with
Proposed other cities of the state such as Vadodara
► The Mumbai-Ahmedabad bullet train project (154 km) and Ahmedabad (265 km).
will have Surat as one of the stations. Proposed
► In 2016, the Gujarat government assigned ► Proposed four-lane highways which are
Delhi Metro Rail Corporation as a consultant expected to improve connectivity in Surat
for the proposed metro connectivity in Surat. include – Dakor-Savli, Vadodara-Dabhoi &
► Rail connectivity was proposed for Hazira and Surat-Olpad-Bardoli.
Nargol ports in the 2016 rail budget.
Air Port
► Surat domestic airport is well connected to ► The nearest port is Hazira which is 25 km
various parts of the country. The city is from Surat.
located ~275 kms from the international ► Additionally, Hazira port is well connected to
airport at Ahmedabad. Mundra port and Jawaharlal Nehru Port Trust
Proposed (JNPT) – India’s largest container port
► In January 2015, Airports Authority of India ► Thus, it provides a convenient textiles-related
gave an in-principle approval for cargo trade gateway to International (Europe,
terminal at Surat airport worth INR70 million. Africa, America and the Middle East) and
The terminal is expected to be operational in domestic markets.
2017.
► In February 2016, Surat Airport Action
Committee filed an online petition for an
international airport at Surat.
Utility
Water Power
► Water for industrial purposes can be obtained ► The main source for the power supply is
from four sources viz. Gujarat Water Supply Torrent Power Limited in Surat
and Sewerage Board (GWSSB), an irrigation
canal, dams, and surface reservoirs.
Source:
http://www.firstpost.com/investing/five-most-promising-indian-tier-ii-cities-you-should-invest-in-2796296.html
http://deshgujarat.com/2015/03/25/clearances-by-july-works-for-nargol-port-to-start-next-yeargog/
http://timesofindia.indiatimes.com/city/surat/Multi-mode-transportation-hub-soon-at-Surat-railway-station/articleshow/52095198.cms
Page 10
Project Information
► Jewellery designing
3D Jewels Bangalore, Karnataka
► CAD/CAM solution provider
► Rapid prototyping
Jewel Kreator Rajkot, Gujarat
► 3D printing
► Rapid prototype machinery
Kushal Technologies Pune, Maharashtra
supplier
Kaizer 3D printer ► Create 3D prototypes Mumbai, Maharashtra
► 3D printing machine
W.J.T Trading Co. ► Rapid prototype 3D printer Mumbai, Maharashtra
machine
► Rapid prototyping and rapid
Shree Rapid Technologies Mumbai, Maharashtra
manufacturing systems provider
Potential collaborations
Following are a few potential collaboration opportunities:
Company/Institution Description
Page 11
Project Information
Key considerations
Source:
http://www.businesstoday.in/magazine/features/why-indias-diamond-industry-is-facing-its-worst-crisis-ever/story/226005.html
“Skilling Indian Gems & Jewellery Sector,” Gem and Jewellery Skill Council of India, http://www.gjsci.org/, accessed on 3 July, 2016.
www.business-standard.com/article/companies/strike-effect-artisans-shift-to-imitation-jewellery-116041600206_1.html
http://timesofindia.indiatimes.com/city/surat/Jewellers-strike-Over-50k-artisans-move-out-of-city/articleshow/51593046.cms
Page 12
Project Financials
Project components
► Laser welding Service & Repair facilities
► CAD/CAM software that allows 3D designs
► Precious metal castings
► Non shrink RTV silicone moulding
► Vacuum Wax Injecting for accuracy
► Magnetic tumbling facilities
► Polishing equipment
► Diamond setting
► Rhodium and gold plating device
Land cost
► The average allotment price of Gujarat Industrial Development Corporation estates in Surat is
INR2,319 per square meter with effect from 1 April 2016.
► In Surat district, Katodara is the most expensive area, priced at INR 5,130 per square meter and
Doswada is the least expensive at INR80 per square meter.
Labour cost
► The labour cost per carat in Gujarat is ~INR600, the lowest among the major diamond trading
centers across the world.
Machinery Cost
Printer Average cost
3 D Printers INR 2 to 5 lacs
Diamond Rapid Prototyping System INR 150 lac to INR 200 lac
Polishing Machine INR 0.1 lac to INR 0.7 lac
Moulding & Casting equipment INR 0.1 lac to INR 0.25 lac
Sub Total INR 152.2 lac to INR 207.95 lac
Space cost @ INR 5130 per sq m for 250 to 300 sqm INR 12.83 lac to INR 15.39 lac
space
Total Cost INR 165.03 lac to INR 223.34 lac
Source:
http://www.gidc.gov.in/pdf/tenders/PDF/16-17/Allotment-Price-2016-17.pdf
http://timesofindia.indiatimes.com/india/Diamond-workers-in-Gujarat-underpaid/articleshow/43893338.cms
Page 13
Approvals & Incentives
Excise duty on jewellery to be payable at first sale invoice value. Sale of traded goods to be
exempted from excise duty.
Exemption from excise audit for the first two years for units whose duty payment (cash plus
credit) is less than INR10 million, with turnover of manufactured goods less than INR1000
million.
Increase in Supplemental Security Income (SSI) eligibility limit from INR120 million to INR150
million.
Increase in Supplemental Security Income (SSI) exemption limit from INR60 million to INR100
million in a financial year and INR8.5 million for the month of March, 2016.
Source:
http://gpcb.gov.in/industries-exempted.htm
http://ic.gujarat.gov.in/?page_id=329
http://www.finmin.nic.in
Page 14
Approvals & Incentives
Source
http://gpcb.gov.in/industries-exempted.htm
http://ic.gujarat.gov.in/?page_id=329
Page 15
Export Promotion Council
www.gjepc.org
Gujarat Industrial Development Corporation
www.gidc.gov.in/
Industries Commissionerate
www.ic.gujarat.gov.in
This project profile is based on preliminary study to facilitate prospective entrepreneurs to assess a prima facie scope.
It is, however, advisable to get a detailed feasibility study prepared before taking a final investment decision.