INDIA LAGS BEHIND IN STUDDED JEWELLEY MANUFACTURE

 

There is a need to reverse the situation of jewellery manufacturers in other countries using Indian cut and polished diamonds, thus depriving India of the benefits of value addition in studded jewellery manufacture. The exports of diamond-studded gold jewellery have immense potential for employment and income generation. The country stands to gain a double value addition, first in processing diamonds and second in setting these diamonds in jewellery. At present, India exports about 70% of the diamonds set in studded jewellery sold worldwide.

 

The world rough diamond production is growing at a slower rate than the rate of growth of rough diamond imports by India. The imports-based diamond exports may not be able to sustain the high growth rates exhibited in the past indefinitely into the future. The Indian diamond industry should, therefore, diversify into

(i)                  the processing of bigger and better qualities of diamonds and diamonds of fancy shapes and cuts (in contrast to the small commercial quality diamonds at present) and

(ii)                into the manufacturing and exporting of diamond studded jewellery.

 

 

Table - 13: Gold Usage in Karat Jewellery

 

 

 

 

(Tonnes)

 

 

 

 

 

 

1996

1997

1998

1999

2000

Italy

439.0

500.0

535.0

511.0

509.0

India

427.8

594.0

682.6

657.0

655.0

USA

152.4

159.0

170.2

178.2

181.8

Japan

74.0

55.0

39.0

37.0

37.0

Turkey

140.7

168.1

159.0

115.0

177.0

Germany

37.2

35.9

34.3

32.6

30.3

Other Countries

1367.8

1577.4

1339.7

1428.0

1403.2

China

189.0

227.0

169.0

159.0

155.0

Soviet Union

25.3

29.0

27.0

28.0

33.7

Total

2853.2

3345.4

3155.8

3145.8

3182.0

 

 

Table - 14: Demand for Gold

 

 

(Tonnes)

 

 

Year

India

World

1996

508

2780

1997

737

3054

1998

815

2714

1999

839

3284

2000

830

3264

2001

840

3218

Source: World Gold Council

 

Table - 15: World Production of Gold

 

 

 

(US $ In Million)

 

 

 

 

Countries

1990

1995

1999

2000

 

 

 

 

 

South Africa

605.1

522.4

449.5

428.3

USA

294.2

319.0

341.9

355.2

Australia

244.2

253.5

299.5

296.4

Canada

167.4

150.3

157.9

155.0

Brazil

84.1

67.4

54.1

52.6

Philippines

37.2

29.4

32.8

34.7

Other Countries

323.2

550.1

798.1

788.4

Russia

0.0

0.0

138.4

154.9

China

0.0

0.0

156.3

162.3

North Korea

0.0

0.0

6.6

6.6

Mongolia

0.0

0.0

11.4

12.7

Others

0.0

0.0

121.5

126.1

Total

1755.4

1892.1

2568.0

2573.2

 

 

Table - 16: Gold Usage in Karat Jewellery

 

 

 

 

(Tonnes)

 

 

 

 

 

Country

1990

1995

1998

1999

2000

Italy

381.0

446.0

535.0

511.0

509.0

India

238.6

400.6

682.6

657.0

655.0

USA

126.6

148.3

170.2

178.2

181.8

Japan

109.5

78.0

39.0

37.0

37.0

Turkey

130.9

110.4

159.0

115.0

177.0

Germany

49.8

38.9

34.3

32.6

30.3

Other Countries

1070.8

1345.6

1339.7

1428.0

1403.2

China

0.0

204.0

169.0

159.0

155.0

Soviet Union / CIS

0.0

20.2

27.0

28.0

33.7

Total

2107.2

2792.0

3155.8

3145.8

3182.0

 

 

 

Table - 17: Retail Sales of Diamond Jewellery

 

 

(US $ In Billion)

 

 

 

Description

1991

1995

1996

 

 

 

 

USA

13

16.8

17.9

Japan

15.1

16.9

14.4

Europe

7.9

7.1

7.3

East Asia

2.5

3.7

4.2

Other

7.9

8.1

8.5

Total

46.4

52.6

52.3

 

Table - 18: Exports of Precious Metal (other than Gold) Jewellery to Major Markets

 

(US $ In Million)

 

 

 

 

 

Countries

90 -91

95-96

98-99

99-00

00-01

 

 

 

 

 

 

USA

1.59

5.99

25.45

24.21

31.17

Italy

1.46

1.91

3.53

3.96

5.25

UAE

1.38

1.72

5.53

1.02

0.71

UK

0.85

1.10

8.00

4.10

4.67

Germany

0.43

1.62

2.26

4.01

3.48

Japan

0.76

0.98

3.16

1.90

1.81

Hong-Kong

0.27

0.27

1.84

0.28

1.83

Australia

0.03

0.28

0.52

0.46

0.36

Others

1.43

4.07

7.50

8.73

7.32

Return Consign.

0.00

0.00

0.00

-0.09

0.00

SEEPZ

0.00

0.00

0.00

0.00

0.00

Total

8.20

17.94

57.79

48.58

56.60

 

ACKNOWLEDGEMENTS:

FINANCEMAN ASSOCIATES acknowledges the use of various printed and electronic media for compiling the content, ideas and statistics on the gems and jewellery industry presented on this web page. We at FINANCEMAN ASSOCIATES are thankful to the industry leaders, their spokesmen, commentators in the media and experts in diamonds processing and jewellery manufacture and, specifically the Gem & Jewellery Export Promotion Council, Mumbai, for the use of published text and statistics that are in the public domain. The place of jurisdiction concerning all issues presented on this Web Page by FINANCEMAN ASSOCIATES shall be Mumbai, Maharashtra, India.

Copy Right 2007 FINANCEMAN ASSOCIATES

 

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