Jewellery Market

Jewellery Market:

According to a recent KPMG study the largest jewellery market is the United States with a market share of 30.8%, Japan, India and China and the Middle East each with 8 - 9% and finally Italy with 5%. The authors of the study predict a dramatic change in market shares by 2015, where the market share of the United States will have dropped to around 25%, and China and India will increase theirs to over 13%. The Middle East will remain more or less constant at 9%, whereas Europe's and Japan's marketshare will be halved and become less than 4% for Japan, and less than 3% for the biggest individual European countries: Italy and the UK.

Traditional manufacturing centres have been overtaken by development in new areas such as Turkey, China and the Far East. There are significant shifts in the league tables for both fabrication and consumption of gold and silver jewellery worldwide.
The report provides a snapshot of the Gems and Jewellery industry in India. It covers an overview of the size and growth of the sector along with the market structure and various segments of the market including Gold, Silver and Diamonds.
India’s large population and rapid economic growth offer significant opportunities for growth of the industry. The emergence of jewellery retail chains provide customers with convenience and assurance of quality. The entry of foreign players is also likely to increase competition and provide consumers with greater choice. Apart from the above, there are other factors that contribute to a favorable outlook for the industry.