Indian gems and Jewellery as well as artificial jewellery industry has largest share in Indian economy. Not only from the country itself but Indian Jewellery Industry also brings creamy earning in terms of foreign exchange. The ongoing status of Indian jewellery and artificial jewellery industry also reveals remarkable growth in days, months and years to come. This fastest growing industry has two segments: one is dedicated to gold jewellery and another to diamond Jewellery.
Gold Jewellery captures almost 80 percent consumers of Indian Jewellery market and rest part is led by diamond stubbed and precious gemstone stubbed Jewellery consumers. India has one the largest industries engaged in cutting and polishing of diamonds and well supported by policies of the government and further by banking sectors. About 50 banks now provide nearly $3 billion of credit to diamond Industry in India.
Major part of gold Jewellery manufactured in the country is consumed in domestic market but there is also a considerable portion of gold Jewellery which is processed here and then exported to foreign markets. A major portion is of diamonds which are polished in India and then exported globally. In this way India is today known as one of the leading diamond cutting nations too.
Indian is also known as a poplar market for handmade jewellery. Handmade jewellery has been playing pivotal role in Indian social fabric and economy for a long time. Culturally influenced way of lives requires Indian women to wear Jewellery in day to day life. And not only women but men also interestingly wear Jewellery in some particular regions of the country.
This increases the market size in many folds and gives all types of Jewellery manufactures with scopes to do business in both domestic and in global markets.
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