Changing Consumer Preferences Will Transfigure the Jewelry Market in India from 2015 to 2019: TechNavio

LONDON--()--Favorable economic factors have resulted in significant growth of the Jewelry Market in India, which is expected to post a CAGR of 16.06 percent from 2014-2019.

About the Report

With changing consumer tastes, preferences and buying habits, the demand for gold jewelry has grown in recent years. Although gold jewelry dominates the Jewelry Market in India, the demand for diamond, platinum and other kinds of jewelry products is also growing day by day.

“In response to new trends, consumers have started demanding new designs and varieties in jewelry along with certification and hallmarks as a sign jewelry purity,” says Faisal Ghaus, Vice President of TechNavio.

“Larger, branded jewelers are able to fulfill changing consumer demands better than the local unorganized players. Big brands are establishing a foothold in the country, which will drive the Jewelry Market in India.”

In addition, the introduction of gold-based financial instruments and gold-backed loans allow people to make use of old gold jewelry. Both private and public sector banks and NBFCs are providing gold-backed loans.

People in India are also purchasing GETF instruments like Axis Gold ETF, ICICI Prudential GETF, Birla Sun Life Exchange Traded Schemes and Reliance Gold exchange Traded Fund, which allows people to participate actively in the gold market.

Key Information Covered in the Report:

  • Market segmentation, size and forecast through 2019
  • Market Growth Drivers:
  • Market Challenges:
    • Threat from Unorganized Sector
    • For a full detailed list, view our report.
  • Market Trends:
  • Key Vendors:
    • Gitanjali Gems Ltd.
    • Kalyan Jewellers
    • Malabar Gold & Diamonds
    • Titan Company Ltd.
  • Other Prominent Vendors:
    • Asian Star
    • Bhima Jewelers
    • B. Vijaykumar & Co
    • C. Krishniah Chetty & Son

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the jewelry market:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

TechNavio Research
Jes Ellacott, US: +1 630-333-9501 or UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com

Release Summary

Favorable economic factors have resulted in significant growth of the Jewelry Market in India, which is expected to post a CAGR of 16.06 percent from 2014-2019.

Contacts

TechNavio Research
Jes Ellacott, US: +1 630-333-9501 or UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com