The gems and jewelry sector plays a major role in the Indian economy, contributing about 7% to the country’s GDP and 15% to India’s total merchandise exports. The sector employs over 4.64 million people, which is expected to rise to 8.23 million by 2022. one of the fastest growing sectors, it is highly export-oriented and labor-intensive. Based on its potential for growth and value addition, the govt declared the gems and jewelry sector as the focus area for export promotion. The government has recently taken several measures to market investments and improve technology and skills to “Brand India” in the international market.
The pandemic has led to widespread disruption in global supply chains and caused a major slowdown in international demand, so the G&J sector, which belongs to the luxury goods category, may require an extended period to return to pre-COVID levels. This sector not only contributes significantly to India’s export basket but also plays a crucial role in job creation. With about 5 million people working in this sector, representing a huge pool of skilled labor, the world can be a major driver of the Indian economy.
However, there is a huge potential for higher growth in terms of greater output, higher value added, and thus the possibility of moving up the value chain. There are over 5,000+ jewellery companies in India and over 18,000+ jewellery companies in the US. Key players in the Indian gem and jewelry market are expanding their product portfolios and adapting their jewelry to consumer demand. Malabar Gold Private Limited, Titan Company Limited, Kalyan Jewellers India Private Limited, PC Jewellers Limited and Gitanjali Gems Limited are some of the key players in the market. For more info visit Geektrendz.com
Top 5 Jewellery Companies in India
Titan Company Ltd (Tanishq)
Tanishq is one of the best jewelry brands in India and is a brand of Titan Company, which belongs to the famous TATA Group. Tanishq is a subsidiary of Titan Company and was established in 1994. The company is headquartered in Bangalore, Karnataka. Tanishq is known as India’s most trusted jewelry brand. The company has more than 150 outlets across the country. The company is a pioneer in diamond, gold and platinum jewelry on a large scale.
Hindustan Gold Company
Hindustan Gold Company is a respected gold companies in bangalore, and also its gold purchasing company that buys small to large quantities of gold at the best prices across India and abroad. With so many people looking for quick cash, the gold market is filled with opportunists and dubious deals. You deserve transparency and honesty because selling gold can be an emotional commitment, so it’s only fair that people get the best deal possible. When you sell gold to Hindustan Gold Company, you can rest assured that you are dealing safely and directly with the company owners in a secure premises. You can search it on google as gold buying near me if you are from karnataka as they have many outlets across karnataka
Kalyan Jewellers India Ltd
Kalyan Jewelers was established in 1993. The company has its headquarters in Thrissur, Kerala. It was founded by T. S. Kalyanaraman. The company is owned by the famous Kalyan Group. kalyan jewelers ipo review: kalyan a good play in organized jewelry, but weigh the risks – the economic times
It is one of the largest jewellery chains in India. The company has built a reputation as authentic gold jewelers, selling only 100% branded gold. They are also known for their mini stores called “My Kalyan Mini Stores”, which sell diamond jewelry at affordable prices with diamonds of the best quality. Their stores are located in 10 states in India and 1 in Kuwait and 3 in the United Arab Emirates. The company has about 100 showrooms in India.
PC Jewellers
PC Jeweller is India’s leading jewellery discovery platform and focuses on providing customers with a great jewellery buying experience. At PC Jeweller, the brand strives to provide customers with the largest collection of curated designs for every occasion. The company doesn’t just sell jewelry, but an unmatched jewelry buying experience at your fingertips! PC Jeweller Limited is a jewellery retailer headquartered in New Delhi, India.
The company started its operations in April 2005 with a showroom in Karol Bagh Delhi and 84 showrooms in India. It is a first generation company run by two brothers – Padam Chand Gupta and Balram Garg. Currently, they have 84 stores spread across 70 cities and 19 states. www.pcjeweller.com is India’s leading platform for fine jewellery, emphasising complexity with practicality, tradition with sophistication, design with value and transparency with a great customer experience. 100% of the jewellery found on www.pcjeweller.com is BIS stamped and certified. Among the list of best gold brands in India
SHUBH Jewellers
SHUBH Jewellers is the retail brand of Rajesh Exports Limited. SHUBH Jewellers was launched in 2012 and currently has 80 SHUBH showrooms in the southern Indian state of Karnataka. One of the best jewelry brands in India.
SHUBH has redefined the jewelry retail industry by offering customers the finest designs and guaranteed purity at economical prices. The company is one of the best jewelry retailers in India. SHUBH has launched “Real Rate Per Gram” where the finest designs of jewelry with guaranteed purity are sold by weight at gold price without charging any additional fees. Stores: 80 showrooms Established: 2012 SHUBH stocks only gold hallmarked jewelry. All jewelry sold by SHUBH is designed and manufactured in REL’s facility. Known for its design, quality and price, SHUBH is a household name in the state of Karnataka.
