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RNCOS Releases a New Report - Indian Gems and
Jewellery Market - Future Prospects to 2011
RNCOS has recently added a new Market Research Report titled, "Indian
Gems and Jewellery Market - Future Prospects to 2011", to its report
gallery. Gems and jewellery market is one of the fastest growing in the
world, and in India as well. According to the report, highly skilled and
low cost manpower, along with strong government support in the form of
incentives and establishment of SEZs has been the major driver for the
Indian gems and jewellery market. The market also plays a vital role in
the Indian economy as it is a leading foreign exchange earner and
accounts for more than 15% of India's total exports. Currently, the
Indian market remains highly fragmented but is rapidly transforming into
an organized sector.
This report provides strategic insight into the gems and jewellery
market in India. By analyzing historic and future aspects of the market,
it highlights the potential growth areas in the market and gives am
overview on the organized and unorganized) market for gems and jewellery
in the country. It also evaluates the strengths and weaknesses of the
market players to help new entrants frame their business strategies
accordingly to gain competitive advantage.
Key Findings of the Report
- Various government incentives coupled with private sector initiatives
are projected to drive the sales of Indian gems and jewellery sector at
a CAGR of around 14% from 2007-08 to 2010-11.
- At present, the Indian gems and jewellery market is dominated by the
unorganized sector, but the trend is set to change in near future.
- The organized gems and jewellery sector is anticipated to grow rapidly
in near future, accounting for nearly 8% of the total gems and jewel
lery market by 2009-10.
- With its consumption pegged at nearly 20%, India remains world'
largest gold consumer.
- Branded jewellery segment is anticipated to grow at a much faster rate
compared to other segments in near future.
- Various factors like cheap labor cost, better designs and
manufacturing practices, are making the country an attractive
destination for cutting and polishing of diamonds.
Key Questions Answered in the Report
- What is the current scenario and structure (both organized and
unorganized) of the Indian gems and jewellery market?
- What are the emerging trends in the market?
- How government support and sophisticated technology are fuelling
growth into the market?
- Which trade-related trends are ruling the market?
- What are the potential growth areas in the market?
- How the market will look like in future?
- What will be the future market structure (both organized and
unorganized)?
- Who are the key players in Indian gems and jewellery industry?
Research Methodology Used in the Report
Information Sources
The information has been compiled from authentic and reliable sources
like books, newspapers, trade journals, white papers, industry portals,
government agencies, trade associations, monitoring industry news and
developments, and through access to over 3000 paid databases.
Analysis Method
RNCOS industry forecast and analysis is based on various macro- and
microeconomic factors, sector and industry specific databases, and our
in-house statistical and analytical model. This model takes into account
the past and current trends in an economy, and more specifically in an
industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and
economic variables to ensure the required accuracy and desired check on
the quality of data and information given in the report.
About RNCOS E-Services Pvt Ltd.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
For more information visit:
http://www.rncos.com/Report/IM148.htm
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Investorideas.com® or any of the industry sector portals cannot assure accuracy of the research presented. Investors are encouraged to research and verify facts and under no circumstances is Investorideas.com® endorsing the content as a recommendation to buy or sell stock.
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