UBM Publication

India's Leading Gems & Jewellery Companies

 

UBM India in association with Dun & Bradstreet India (D&B India) is pleased to release our maiden publication ‘India’s Leading Gems and Jewellery Companies’. The publication provides valuable information about India’s leading gems and jewellery companies in India and highlights their achievements and performance in FY14.

India’s gems and jewellery sector has been one of the fastest growing industries globally. The contribution of the sector to the nation’s economy has been momentous and ranks among the country’s leading, export categories.

The sector has contributed 6-7% to India’s GDP, and provides gainful employment to around 2.5 million people. The gems and jewellery sector registered export growth of 4.3% y-o-y to ` 665 billion in April-July 2014 as against exports of ` 638 billion over April-July 2013.

 

India’s gems and jewellery industry caters to the needs of both local as well as export markets. The market is classified into gold jewellery and diamonds, which account for more than 90% of the market value. India is one of the largest consumers of gold globally and accounts for nearly 20% share of global consumption. Further, India is the world’s largest centre for cutting and polishing diamonds and this segment exports nearly 95% of the world’s diamonds following value addition.

The pre-eminence of the sector stems from this stupendous contribution to the economy, a factor that has prompted the Government of India to declare the sector as a thrust area for export promotion. Further, the Government of India has taken various initiatives to provide a fillip to this sector. Some of these include measures to boost investments in the sector by setting up SEZs, upgrades skills and technology, and promote brand India in the international markets. The SEZs for 100% promotion of exports of gems and jewellery come bundled with infrastructure facilities as well as various incentives and concessions, that help stimulate exports. Besides the operational SEZs in Mumbai, (Maharashtra) Manikanchan, (West Bengal), Jaipur (Rajasthan) and Hyderabad (Telangana), the Government of India has approved setting up of 13 more SEZs.

India has numerous strategic advantages that underscore the potential of the gems and jewellery sector. A legacy of excellent artisanship and availability of skilled labour at competitive rates are some of the strategic advantages that have spurred the growth of this sector.

The publication ‘India’s Leading Gems and Jewellery Companies’ highlights the performance of the sector. I hope you enjoy reading this publication and I look forward to receiving your suggestions.

Joji George
Managing Director
UBM India Private Limited