India Retail News

Traditionally, the focus of the gems and jewellery manufacturers has been on the large global markets. The Indian players, duly supported by the Government of India, are placed highly competitively in the market. Hopefully with the revival of the international markets, the Indian players will again stand to gain. Currently, the market is fragmented across the value chain. There are more than 300,000 Gems & Jewellery players across the country, with the majority being small players. Modern retail players have only 4%-6% share, which is perhaps one of the lowest, when compared to apparel (20%), footwear (35%), books and music (11%) and CDIT (7%). This report attempts to assess the enormous untapped opportunities and presents some known initiatives and some new initiatives, which can perhaps be the starting point.