Jewellery Industry Market Research Reports, Analysis & Trends
Jewellery is a form of personal ornamentation. There are various kinds of jewelleries such as brooches, rings, necklaces, earrings, and bracelets. Jewellery can be made from materials such as gemstones, precious metals, beads and shells. Depending on the culture and times, the jewellery is appreciated as a status symbol, for its material properties, its patterns, or for meaningful symbols. Jewellery has been made to beautify nearly every body part, from hairpins to toe rings.
In the Indian economy, the gems and jewellery industry has a vital role. India is the largest market for gold jewellery in the world. Gold dominates the Indian jewellery market and formulates almost 80 per cent of the market share, which is followed by fabricated studded jewellery including diamond and gemstone studded jewellery. India has also emerged as the largest cutting and polishing industry for diamonds in the world.
Jewellery Industry Current Trends
As per the reports, Indian gems and jewellery sector is forecast to grow at a CAGR of around 13 % during 2011-2013, and the global jewellery industry may grow to $280 billion by 2015.
Major Jewellery Industry Players
Some of the major retail jewellery industry players are Alka Diamond Industries and Asian Star Co Ltd in India, Atlas South Sea Pearl Ltd in Australia, Blue Diamonds Jewellery Worldwide PLC in Srilanka, CC Jewelry Co Ltd in USA etc.