Research and Markets (http://www.researchandmarkets.com/research/ztl6jr/gems_and_jewelry) has announced the addition of the "India Gems and Jewelry Market Forecast & Opportunities, 2016" report to their offering.
One of the major drivers in this market is the increasing demand for gold jewelry by Indian consumers. India is one the largest consumers of gold jewelry, where the majority of gold jewelry is being used for aesthetic purposes and as an investment option.
One of the recent trends being witnessed in the market is the increasing purchase of jewelry through online stores. The online jewelry stores are managed by organized players. Currently, the online jewelry stores are in a nascent stage of growth. In 2012, they accounted for less than 10 percent of overall sales of branded jewelry. The consumers in urban areas are willing to purchase jewelry online as it is easy, safe, and convenient. Moreover, a majority of online jewelry stores offer different payment options and provide third-party lab certifications for gold and diamond jewelry. Internet shopping in India is currently low, but is expected to rise drastically, especially in urban areas, due to the high internet penetration over the next few years.
Further, the report states that one of the major challenges is the fragmented and highly unorganized nature of the market. The industry is dominated by smaller players and there are over 500,000 such players operating in the Gems and Jewelry market in India.
The majority of unorganized players do not offer BIS certification that endorses the purity of gold. Thus, there is no standardization of the quality of gold jewelry being sold in various outlets and customers may end up purchasing low quality gold jewelry.
The key vendors dominating this market space are:
- Titan Industries Ltd.
- Gitanjali Gems Ltd.
- Malabar Gold Pvt. Ltd.
- Kalyan Jewelers
- Joyalukkas India Limited.
Key Topics Covered:
01. Executive Summary
02. Scope of the Report
03. Market Research Methodology
04. List of Abbreviations
06. Market Landscape
07. Market Segmentation by Product
08. Geographical Segmentation
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/ztl6jr/gems_and_jewelry
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