As the market and society have evolved, so has jewelary. It is now taking on the added role of being a fashion statement, letting the Indian woman of today express her individuality or lifestyle with modern and more affordable pieces.
On an export level, India jewelary industry has grown enormously, and has now moved away from the stereo typical view as being simply a manufacturing center for low-cost products, to one offering a wide range of high quality jewelary featuring diamonds, gemstones, and worked gold in a range of price points. This is due in part to the willingness of the nation’s major exporters to invest large sums of money to keep abreast of modern technology and developments in order to meet the rising demand from around the world.
India’s gem and the jewelary industry is also one of the most dynamic and fast growing sectors of the country’s economy, now accounting for 19 percent of the nation’s total foreign exchange. Among the reasons for the continuous growth of this sector is the fact that India is perhaps the world’s largest source for trained, skilled and highly adaptive manpower as well as the fact that the government has liberalized policies to provide a conducive environment for bi-lateral business.
