This action might not be possible to undo. Are you sure you want to continue?
Submitted to :
Mr. Aslam Logade.
Santosh P. Ghutukade. Lahu Devkar.
People wants to showcasing a fine elegance and sheen, the range of fashion jewellery which reflect an amalgamation of many cultures, traditions and customs.
000 traditional jewellers – commonly referred to as the unorganized sector – dominate the country's jewellery retail landscape with a 96 per cent marketshare.•Jewellery have been a part of most of the cultures of the world at some point of time or other. In the recent past(last 3-4 decades). Keeping in mind that only 4% of the sector is in organized hands. it is now used as an instrument to store and display wealth. this industry has shown an impressive growth world wide. From its basic use as currency. The current global market for the sector is estimated at around $85bn USD and has shown a CAGR of 5-10%Click to edit Master subtitle style in the last decade. •India's 300. 5/6/12 .
India has the largest country from RAMAYAN & MAHABHARAT times. Gem and jewelry export promotional council worked to promote export of gems and History & Current jewelry. Indian Institute of Gemology etc. For Ex. 5/6/12 Scenario . diploma & certified courses for gem & jewelry education. Click to edit Master subtitle style Many institutes provides degree. India was the first country to mine diamonds. Indians are the first to start jewelry making. Formerly diamonds were cutting & polishing traditionally. Nowadays diamonds are cutting & polished by adopting new technology.
and diamonds . and earrings jewellery can be made from a variety of different materials including Silver. stones. teeth. and shell jewellery 5/6/12 Considered a symbol of wealth and artistic display Can incorporate beads. gems.jewellery is a type of accessory It includes necklaces. watches. bracelets. rings. Gold. and Wood The name originates from the Latin word local a meaning plaything Began with materials made from bone. Metal.
CONCLUSTION The retail jewellery industry is comprised of five main segments: Bridal jewellery (30%) Fashion jewellery (22%) Watches (18%) Precious stones (15%) Precious metals (15%) Industry Overview 5/6/12 .
Wal-Mart is the largest retailer 5/6/12 . billion in sales. There are nearly 50. No retailer claims more than 6 percent market share.000 stores engaged in jewellery retail.000 individuals. The industry employs approximately 200. wholesalers and manufacturers account for an additional $27 Continue…. Annual jewellery store sales run about $27 billion.The retail jewellery industry is highly fragmented.
C. Penney QVC Tiffany and Company Service Merchandise Kmart Ten Largest jewellery Retailers 5/6/12 .Wal-Mart Zale Corporation Sterling Jewellers Sears. Roebuck and Company Finlay's Fine jewellery J.
The consumers were to rank the luxury jewellery designers based on 4 criteria: (1) superior quality (2) uniqueness and exclusivity (3) social status and (4) excellent customer service Criteria Byzantine wedding ring. Andhra Pradesh. Royal earrings. 1st Century BC 5/6/12 .
The two major segments of the sector in India are gold jewellery and diamonds. The Indian gems and jewellery industry is competitive in the world market due to its low cost of production INDIAN JEWELLERY and the availability of skilled labour INDUSTRY 5/6/12 .India is a leading player in the global gems and jewellery market The gems and jewellery industry occupies an important position in the Indian economy.
Indian retail jewelry overview 5/6/12 .
Leading Brands 5/6/12 .Organized players such as Tata with its Tanishq brand and Gitanjali a pioneer in the branded jewelry segment.
There are over 15000 players across the country in the gold processing industry. of which only about 80 players have a turnover of over US$4. 200 million). 5/6/12 . There are about 450. The Indian jewellery sector is largely unorganized at present.000 goldsmiths spread throughout the country.15 million (Rs.Indian jewellery industry is a highly regarded industry and earns huge profits through the jewellery exports all over the world.
It was registered as a corporation on October 31. It became listed on New WAL-MART York Stock Exchange in 1972 5/6/12 .Wal-Mart Stores was established in 1962 by Sam Walton. 1969.
It is carrying on with its expansion activities in India as well as other world markets Click to edit Master subtitle style 5/6/12 . Jewellery Stores had not been affected by global financial crisis.
The Indian gems & jewelry sector is expected to cross US$ 26 billion by 2012.41 billion in 2012. State Run National Mining Development Corporation (NMDC) planned to produced close to 100000 carats of diamonds from the panna diamond mines in Madhya Pradesh. The consumption of the diamond jewelry is expected to touch US$ 6. FUTURE 5/6/12 .(2010-11).
Investments in upgrading the technology and setting up new units in Kolkotta and Bangalore. STRENGTHS SWOT ANALYSIS 5/6/12 .Long standing relationship with dealers in US.Strong risk management focus as part of strategy. 3.1.Manufacture handicraft jewellery along with branded jewellery to cater to diverse markets. Dubai etc. Antwerp. 2. 4.
No well established brand like other firms (e. WEAKNESS 5/6/12 . Company sells most of its product to the wholesalers in which case they have much of the bargaining power.1.Lacked infrastructure to cater to the retail customers abroad. Gili from Gitanjali Gems and Jewellery or Tanishq from Tata).A smaller player in size compared to the rest of the competitors such as Rajesh Exports and Gitanjali Gems and Jewellery. and therefore would not be able to enjoy the same benefits of returns to scale as the others. 3.g. 2.
this is mainly because of a younger generation’s preference for a white metal than gold.1. 5/6/12 OPPORTUNITIES . 2.Tax regime to be structured to develop India as a global hub for gems and jewellery. 5. 4.Increase in wealth leading to increase consumption is expected to boost demand for this sector.5 to 2 percent of the global industry.Gems and Jewellery to grow by 12% (as calculated by the demand forecasting).Global Silver to Gold ratio is improved to 15:3 from 7:3 in 2000 in the world market.Increase demand in Middle East and North American countries. forming the largest segment and offering the highest growth in the previous financial year. 3.India’s share is projected to be around 1.
Change in fashion trends.Low availability of skilled labor in processing of diamonds.Emergence of China as a competitor. Witnessed a decrease of 53.Substitution of gold and other banking products as a better source of investment has lead to the decline in the consumption of silver. only 4% of the gems and jewellery sector is in the organized hands. . Oyster bay.Infrastructure bottlenecks. 5. 8. 5/6/12 9. 6.The reduction of consumption of silver in the Indian market.As per the CMIE data. 7. 2. especially appreciation of rupee against the dollar.1% from 1996 to 2005 in consumption.Unusual increase in the price of gold and rough diamonds. Gili (subsidiary of Gitanjali Gems). 3.Fluctuation in currency. being the major players from whom company faces a lot of competition. Tanisq.THREATS 1. 4. absence of latest technology.
Continued support from 5/6/12 government crucial. Click to edit Master subtitle style Possible long term threat from China. Cheating on carat age. Increase in gold prizes.Large presence of unorganized sector. [ . Increase in gold jewelry consumption.
engagements and other formal parties and it was associated with the brides and married girls only. Trendy and stylish jewelry is in fashion these days. The gems and jewelry industry has been growing rapidly and CONCLUSION: most profitable industries of has become one of the the world. Wearing jewelry is the demand of modern fashion. women and even kids love to wear jewelry articles all the time. Men. 5/6/12 . A few years back jewelry was used only on special occasions like weddings.Jewelry has become a vital element in everyone’s life. But nowadays it is Click to edit well subtitle style worn casually asMasteras formally and everyone likes to wear beautiful and elegant jewelry items.
Thank You Click to edit Master subtitle style 5/6/12 .
This action might not be possible to undo. Are you sure you want to continue?
We've moved you to where you read on your other device.
Get the full title to continue reading from where you left off, or restart the preview.