CARE Research - Report on Indian Gems & Jewellery Industry

Dear Reader,

CARE Research has published a Report on “Indian Gems & Jewellery Industry – "Structural measures diminishing the sparkle of the industry”.

Key takeaways include:

·         CARE Research expects the G&J exports to decline in FY14 on account of declining Gold jewellery exports. However, CARE Research expects the G&J exports to grow moderately during long term, driven by increasing demand for C&P diamond exports. 

·         RBI and GoI have recently taken slew of measures to reduce gold imports to limit burgeoning CAD. The measures include increase in import duty, withdrawal of gold leasing, 20/80 scheme, etc. This has impacted the supply of gold in India. 

·         CARE Research believes that domestic G&J industry is expected to continue growing over next couple years mainly driven by rising income, urbanization, rise in the working woman population and promising growth in agricultural sector. 

·         With the changing lifestyle patterns and mall culture fast catching-up in Tier-II & Tier-III cities, CARE Research expects organised G&J in India to grow at a healthy rate over next couple of years. 

For any analytical queries kindly contact: divyesh.shah@careratings.com/ megha.shah@careratings.com / rima.shah@careratings.com ”

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