Tuesday, 11th May 2004 (4407 views)

Jewellery is set for huge growth in India according to latest results, with a host of special offers being set up for jewellery producers.

According to Rapaport News there will be 60 new jewellery production factories by the end of 2004.

In addition the Gem and Jewellery Export Promotion Council (GJEPC) claims that by 2007 around 3 million people will work in a jewellery mass production company.

A key player in top gem-set jewellery growth in India is De Beers, which launched three key brands and a supplier initiative which boosted Indian jewellery.

Among the designs were rings, pendants and earrings in white, two-tone and yellow gold in the Asmi range, and gold items featuring solitaire diamonds in the Arisia collection.

De Beers changed trends in India and now rather than just focusing on traditional designs for special occasions a host of new jewellery brands in the Indian market are continuously introduced.

Total exports reached $12 billion in fiscal 2003-2004, according to GJEPC figures.

 

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