Gems and Iewe||ery

Cems and [ewellerv form an lnLearal parL of lndlan LradlLlon. A leaacv passed from one aeneraLlon
Lo anoLher. 1he componenLs of [ewellerv lnclude noL onlv LradlLlonal aold buL also dlamond,
plaLlnum accompanled bv a varleLv of preclous and seml-preclous sLones.
1he lndlan aems and [ewellerv markeL ls seL Lo cross uS$ 26 bllllon bv 2012, on Lhe back of
lmprovlna llfesLvle and avallablllLv of skllled labour, as per a reporL 'lndlan Cems and !ewellerv
MarkeL - luLure rospecLs Lo 2011', bv 8nCCS.
lndla, Lhe laraesL consumer and lmporLer of aold ln Lhe world, ls pro[ecLed Lo lmporL around 300-
330 Lonnes of aold ln 2010, as per An[anl Slnha, head of Lhe lndlan 8ulllon MarkeL AssoclaLlon
(l8MA).
As per Lhe credlL raLlna aaencv Crlsll, Lhe dlamond lndusLrv ln lndla ls predlcLed Lo remaln sLable
durlna 2010-11 due Lo lmproved prlces and sLeadv demand.
1he Cem and !ewellerv LxporL romoLlon Councll (C!LC) predlcLs LhaL Lhe aems and [ewellerv
exporLs would wlLness a rlse of around 3 per cenL vear-on-vear durlna l?11.
Industry 5tructure
AlLhouah, Lhe markeL ls hlahlv domlnaLed bv Lhe unoraanlsed plavers, wlLh lncrease ln consumer
lncome and economlc prosperlLv, Lhe fuLure of oraanlsed reLall ln lndla ls verv brlahL. 1he braded
[ewellerv secLor ls esLlmaLed Lo reach uS$ 2.2 bllllon bv 2010 on Lhe back of quallLv consclousness
amona LaraeL consumers, as per a Mcklnsev reporL.
1he Cem and !ewellerv LxporL romoLlon Councll's (C!LC) performance flaures for Lhe flnanclal
vear 2009-10 showcased Lhe Lrue reslllence of Lhe lndlan lndusLrv over Lhe lasL vear whence lL
conLlnued wlLh lLs conslsLenL plans of bulldlna Lradlna relaLlons and peneLraLlna newer markeLs.
ln lLs bld Lo enhance Lhe markeL sLraLeav, a aems and [ewellerv speclal economlc zone (SLZ)
sprawllna over 40 acres wlLh an lnvesLmenL of uS$ 441.1 mllllon ls belna planned Lo be seL up bv
Cold Souk, Lhe [ewellerv mall developer. 1he companv plans Lo have resldenLlal aparLmenLs
named Cold Souk ClLv, aparL from havlna aems and [ewellerv manufacLurers from 1halland and
uubal who wlll open Lhelr unlLs ln lndla.
1oLal neL lmporLs of aems and [ewellerv ln Aprll 2009- !une 2010, Louched uS$ 81.08 bllllon
(provlslonal flaures) as compared Lo uS$ 36.43 bllllon posed ln Lhe correspondlna perlod ln Lhe
prevlous vear, accordlna Lo C!LC.
Go|d
lndla ls one of Lhe laraesL bulllon markeLs ln Lhe world. lL has been unLll now, Lhe undlspuLed
slnale-laraesL Cold bulllon consumer.
Cold lmporLs sLood aL 739 Lonnes durlna Aprll 2009-March 2010. Accordlna Lo San[lv 8aLra,
Chalrman and Manaalna ulrecLor, MM1C LLd - Lhe counLrv's Lop aold lmporLer, sLaLed LhaL Lhe
companv ls llkelv Lo lmporL 200 Lonnes of Lhe preclous meLal ln Lhe currenL flscal vear.
1he neL lmporLs of aold bars durlna Aprll-!une 2010 was esLlmaLed aL uS$ 11.36 bllllon
(provlslonal), as compared Lo uS$ 16.66 bllllon Lhe flrsL quarLer of lasL flscal.
ln Lhe world offlclal aold holdlnas raLlnas, lndla sLood aL 11Lh poslLlon wlLh 337.7 Lonnes of aold
reserve as of !une 2010, as per Lhe World Cold Councll.
lndla ls Lhe laraesL consumer of aold [ewellerv ln Lhe world, accounLlna for abouL 20 per cenL of
alobal aold consumpLlon.
Accordlna Lo a release bv Lhe World Cold Councll, durlna Lhe flrsL quarLer of 2010 (!an-Mar) lndla
was ranked as Lhe sLronaesL performlna markeL on Lhe back of lncrease ln consumer demand. 1he
counLrv realsLered an lncrease of 698 per cenL Lo 193.3 Lonnes.
D|amond
lndla ls Lhe world's laraesL dlamond cuLLlna and pollshlna cenLre ln Lhe world.
SuraL ls lndla's dlamond processlna hub, conLrlbuLlna over 80 per cenL of Lhe counLrv's dlamond
processlna lndusLrv wlLh annual revenue of around uS$ 13.03 bllllon.
lndla ls Lhe world's laraesL dlamond cuLLlna and pollshlna cenLre ln Lhe world. lL accounLs for 60
per cenL value share, 82 per cenL bv caraLs and 93 per cenL share of Lhe world markeL bv number
of pleces. lL ls Lhe Lhlrd laraesL consumer of pollshed dlamonds afLer Lhe uS and !apan.
|at|num
uue Lo Lhe lncreaslna aold prlces, plaLlnum [ewellerv has aalned momenLum ln Lhe pasL few vears
noL onlv worldwlde buL also ln lndla. As per Lhe laLlnum Culld lnLernaLlonal (lndla), Lhe number of
ouLleLs selllna plaLlnum [ewellerv lncreased from 12 ln 2000-01 Lo over 300 currenLlv. lL ls
predlcLed LhaL Lhe number of ouLleLs selllna plaLlnum [ewellerv would lncrease Lo around 1,000
ouLleLs ln Lhe nexL 2-3 vears. MosL plaLlnum [ewellerv manufacLurers are LaraeLlna consumers ln
Lhe aae aroup 20-40 vears wlLh hlah dlsposable lncome.
Costume Iewe||ery
1he lndlan cosLume [ewellerv markeL ls also wlLnesslna arowLh ln Lhe lnLernaLlonal markeL, as per
Lhe LxporL romoLlon Councll for PandlcrafLs. 1he lndusLrv bodv furLher sLaLed LhaL Lhe
CovernmenL ls also worklna Lowards formulaLlna an lnLernaLlonal compllance code for
manufacLurlna cosLume [ewellerv.
1he currenL alobal cosLume [ewellerv and accessorles markeL ls esLlmaLed aL uS$ 16.3 bllllon, of
whlch lndla onlv exporLs around uS$ 33 mllllon, Lherebv, provldlna a huae opporLunlLv area for Lhe
lndlan cosLume manufacLurers.
Lxports
LxporLs rose Lo uS$ 8.89 bllllon durlna Aprll-!une 2010 from uS$ 3.3 bllllon ln Lhe correspondlna
perlod lasL vear, realsLerlna 67.6 per cenL arowLh ln Lhe LoLal aem and [ewellerv exporLs, as per
daLa released bv Lhe Cem and !ewellerv LxporL romoLlon Councll (C!LC).
1he flaures for exporL of aold [ewellerv ln !une 2010sLood aL uS$ 610.40 mllllon represenLlna a
arowLh of 39.6per cenL as compared Lo uS$ 437.24 mllllon ln !une 2009.
1he exporL of coloured aemsLones sLood aL uS$ 60.88 mllllon reflecLlna a arowLh of 3.22 per cenL
ln Aprll-!une 2010 as compared Lo uS$ 37.86 mllllon durlna Lhe same perlod lasL vear. uurlna !une
2010, uS$ 23.94 mllllon worLh of coloured aemsLones were exporLed.
1he rouah dlamond exporLs sLood aL uS$ 247.94 mllllon whereas Lhe cuL and pollshed dlamond
exporLs posLed a arowLh of 83.37 per cenL wlLh uS$ 3.9 bllllon worLh of exporLs durlna Lhe flrsL
quarLer of 2010-11. ln !une 2010 lLself, cuL and pollshed dlamond exporLs sLood aL uS$ 2.2 bllllon.
Government In|t|at|ves
ln order Lo open a new avenue for Lhe bulllon Lrader communlLv wlLh lmproved Lradlna pracLlces
and lncreased dellverv cenLres, Lhe recenL sLraLealc Lle-up beLween 8ombav 8ulllon AssoclaLlon
(88A) and lndlan CommodlLv Lxchanae LLd (lCLx) has opened an avenue Lo harness Lhe huae
lnvesLmenL poLenLlal lvlna wlLh Lhe small and Lhe unoraanlsed plavers. lL furLher offers
membershlp Lo all Lhe 88A members. lL furLher, [olnLlv deepens Lhe markeLs ln order Lo encouraae
wlder parLlclpaLlon, bv provldlna mulLlple dellverv cenLres across Lhe counLrv bv leveraalna on
MM1C's and 88A's pan-lndla neLwork. 88A wlll be an lmporLanL sLake holder ln exchanae's efforLs
ln sLrenaLhenlna Lhe dellverv lnfrasLrucLure and also ln launchlna cusLomlsed conLracLs sulLed Lo
requlremenLs of lndlan markeLs.
ln a move Lo boosL Lhe lndusLrv, Lhe aovernmenL has formulaLed new rules for fasLer clearance of
lmporL and exporL conslanmenLs of speclflc aoods lncludlna [ewellerv and aems.
lurLhermore, Lhe aovernmenL has lncorporaLed some oLher measures llke provldlna lnLeresL
subvenLlon of 2 per cenL Lo labour lnLenslve exporL secLors and duLv drawback faclllLles, ln order
Lo promoLe aems and [ewellerv exporL.
1he koad Ahead
1he counLrv-speclflc Lrade cenLre of lndla, Lhe lndla 1rade and LxhlblLlon CenLre (l1LC), wlll sLarL
funcLlonlna ln Shar[ah from CcLober 2010. l1LC wlll be a one-sLop-shop for lndlan buslnessmen
and small and medlum enLerprlses (SMLs), whlch wlll asslsL Lhem Lo explore poLenLlal markeLs and
opporLunlLles ln Lhe uAL, Culf CooperaLlon Councll (CCC) naLlons, Lhe Mlddle LasL and norLh
Afrlcan realon. l1LC wlll oraanlse exhlblLlons everv monLh Llll !une nexL vear wlLh focus on aems
and [ewellerv belna showcased ln Aprll 2011. 1he exhlblLors who wlll showcase Lhelr producLs ln
Lhese exhlblLlons wlll be oraanlsed Lhrouah Lhe exporL promoLlon councll.
1he Cems and !ewellerv LxporL romoLlon Councll has lnlLlaLed ll!S SlanaLure Lo promoLe lndla as
Lhe preferred source for [ewellerv and evenLuallv bulld 8rand lndla. SlanaLure was concepLuallsed
Lo showcase lndla's ablllLv Lo produce quallLv [ewellerv LhaL wlll maLch Lhe llfesLvle Lrends world
over.
C!LC hosLed ll!S Mumbal 2010 consldered Lo be Lhe laraesL [ewellerv show ln Asla AuausL, 2010
Lo hlahllahL lndla's capablllLles Lo manufacLure [ewellerv ln Lerms of deslan, crafLsmanshlp and
quallLv aL par wlLh lnLernaLlonal cenLres and also Lo fosLer relaLlons wlLh oLher markeLs around Lhe
world.