India, a treasure–trove, in true sense of the word
Marco Polo reportedly, was the first western traveler to write interesting accounts of India’s extraordinary wealth. While journeying through India in 1292, the great traveler came across large diamonds in riverbeds and on the mountainsides.
Over the years, India has evolved as the diamond destination. Today, nearly 9 out of 10 diamonds sold world over are cut and polished in India. But now, with 100 per cent Foreign Direct Investment (FDI) permitted in gems and jewelry through the automatic route, India is on the threshold of becoming the centre point of the global Gems and Jewelry industry. Find best quality of Gems and Jewelry from Indian Exporters. Hand-made ethnic jewelry crafted by Indian artisans has massive demand in various countries with significant Indian immigrant population in the Middle-East, South-East Asian countries, USA, Canada and so on. The non-ethnic jewelry, generated on machine is also in great demand in foreign countries. What’s more, there is an emerging market for white gold, -platinum jewellery. Hong Kong and United States were the largest importers of Gems and Jewelry from India in 2007-08, with a share of 26 per cent each, followed by UAE at 21 per cent.
However, to meet the ever-evolving needs of the western market, the Indian Industry will have to elevate its standards on quality aspects to suit the western requirements, in terms of design, polish and finish of the jewelry.
Marco Polo reportedly, was the first western traveler to write interesting accounts of India’s extraordinary wealth. While journeying through India in 1292, the great traveler came across large diamonds in riverbeds and on the mountainsides.
Over the years, India has evolved as the diamond destination. Today, nearly 9 out of 10 diamonds sold world over are cut and polished in India. But now, with 100 per cent Foreign Direct Investment (FDI) permitted in gems and jewelry through the automatic route, India is on the threshold of becoming the centre point of the global Gems and Jewelry industry. Find best quality of Gems and Jewelry from Indian Exporters. Hand-made ethnic jewelry crafted by Indian artisans has massive demand in various countries with significant Indian immigrant population in the Middle-East, South-East Asian countries, USA, Canada and so on. The non-ethnic jewelry, generated on machine is also in great demand in foreign countries. What’s more, there is an emerging market for white gold, -platinum jewellery. Hong Kong and United States were the largest importers of Gems and Jewelry from India in 2007-08, with a share of 26 per cent each, followed by UAE at 21 per cent.
However, to meet the ever-evolving needs of the western market, the Indian Industry will have to elevate its standards on quality aspects to suit the western requirements, in terms of design, polish and finish of the jewelry.
