Indian Gems and Jewellery Market - Future Prospects to 2011

RNCOS has recently added a new Market Research Report titled, "Indian Gems and Jewelery Market - Future Prospects to 2011" to its report gallery. India has the world's most competitive and gems and jewelry market because of its low production and supply of skilled labor. Per our new research report "Indian Gems and Jewelery Market - Future Prospects to 2011", highly educated and cheap labor, combined with strong public support in the form of incentives and establishment of special economic zones, has been the main driver for the Indian gems andjewelry market. Market also plays a crucial role in the Indian economy as it is a leading foreign worker and accounts for more than 12% of India's total exports. Currently the Indian market is still very fragmented, but is quickly transformed into an organized sector.

Currently, the industry is facing a slowdown due to global economic turmoil. But because of various governmental efforts and incentives, combined with private sector initiatives, the Indian gems and jewelry sector is expected to grow at a CAGR of around 14% from 2009 to 2012. At present, the Indian gems and jewelry market dominated by the unorganized sector, but the trend is set to change in the near future with branded jewelry market is growing at a projected CAGR of over 41% over the next four years. Per our research report, with its consumption pegged at nearly 20%, India remains the world's largest gold consumer, and this proportion is expected to grow further.

"Indian Gems and Jewelery Market - Future Prospects to 2011" provides strategic insight into the gems and jewelry market in India. By analyzing historic and future aspects of the market, the report highlights the potential growth areas in the market and provides an overview of the market for gems and jewelry in the country. In addition, evaluate the new trends in the industry concerned.

Our report also includes industry forecast and analysis based on various macro-and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry to bring an objective market analysis.

Information is gathered from authentic and reliable sources like books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments and through access to over 3000 paid databases.