Advantage India
Growing
Demand
* India’s gems and jewellery exports reached US$ 39.45 billion in 2021-22, a 54.68% rise from the previous year.
* In 2021, India ranked the first among the top exporters in cut & polished diamonds and lab grown diamonds, fourth in gold jewellery, and second in silver jewellery.
Increasing
Investments
* The cumulative foreign direct investment (FDI) inflows in the gems and jewellery sector stood at US$ 1,213 million between April 2000-March 2022.
* In September 2021, Malbar Group invested Rs. 750 crore (US$ 100 million) in a gold refinery and jewellery unit in Hyderabad.
Policy
support
* The Government has permitted 100% FDI under the automatic route** in this sector.
* The Government has reduced custom duty on cut and polished diamond and colored gemstones from 7.5% to 5% and NIL.
Attractive
Opportunities
* India’s gold demand stood at 774 tonnes in 2022.
* In the fourth quarter of 2022 demand for gold rose stood at 219.7 tonnes.
* The FDI inflows in the gems and jewellery sector increased by 60.78% in FY22 on a year-over-year basis.
Tribhovandas Bhimji Zaveri Limited
Tribhovandas Bhimji Zaveri Limited is engaged in the manufacturing/trading and selling of jewellery. The company offers a range of products including pendants, earrings, waist belts, watches, necklaces, bracelets, rings, and bangles. It offers products in categories including diamond and gold. It offers design for a range of cultural requirements including traditional Indian, western, and indo-western. The company offers festival and wedding jewellery, everyday wear jewellery and contemporary jewellery. Its collections include surprise collection, necklace collection and showstoppers collection. It operates approximately 32 stores in over 25 cities across the country. It has manufacturing units for diamond-studded jewellery at Kandivali, Mumbai.
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PC Jeweller Limited
PC Jeweller Limited is engaged in the business of manufacture, retail, and export of jewellery. It offers a range of products including 100% hallmarked gold jewellery, certified diamond jewellery and other jewellery, including silver articles, with a focus on diamond jewellery and jewellery for weddings. It sells jewellery through its online sale portal www.wearyourshine.com. Its jewellery category includes rings, earrings, pendants, mangalsutras, chains and necklaces, bangles and bracelets, and nose pins. It also offers platinum, gemstone, men's and kids jewellery. It offers jewellery under various brands like PC Jeweller, Blue Nile, PNG Jewellers, Waman Hari Pethe, Asmi, Gili, Sangini, Nirvana, Nakshatra, Kama Jewellery, Flexia Jewellery, Sparkles, Candere, Diaashi Diamonds, Demira, Augrav, Urnish Jewellers, D'amor, Avsar, Ornomart, Dishi Somani, Charu Jewels, Jewels Forum, Aakanksha Rustagi, Prernaa Makhariaa, Aakarshan Jewellery, Monica Kapur and Vipin Rohilla.
Read MoreTitan Company Limited (Tanishq)
Titan Company Limited manufactures and retails jewellery and watches. It also produces perfume for both men and women. The company operates its jewellery division under the key brands such as Tanishq and Carat Lane.
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