LONDON, Nov. 23, 2016 /PRNewswire/ -- Growing e-commerce platform along with organized retail channels, increasing urbanization and development in the country, changing consumer lifestyle, innovative and premium product launches, and synchronized distribution networks are few of the factors driving gems and jewelry market in India. The major players operating in India gems and jewelry market are expanding their product portfolio and are customizing jewelry as per consumer demand. Malabar Gold Private Limited, Titan Company Limited, Kalyan Jewellers India Private Limited, PC Jewellers Limited and Gitanjali Gems Limited are few of the leading players operating in India gems and jewelry market.
According to "India Gems and Jewelry Market By Product Type, By Point of Sale, By Organized vs. Unorganized, Competition Forecast and Opportunities, 2011-2021", gems and jewelry market in the country is projected to grow at a CAGR of around 11% during till 2021. The anticipated growth in market can be attributed to fluctuating gold prices in India, opening of exclusive showrooms, selling jewelry through online retail space and tie-ups with online vendors such as flipkart, amazon, etc., to facilitate easy sale and supply of gems and jewelry to end customers. Demand for gems and jewelry is predominantly concentrated in the southern region of India because of aggressive marketing strategies adopted by companies and increased brand consciousness along with rising disposable income of people in the region. "India Gems and Jewelry Market By Product Type, By Point of Sale, By Organized vs. Unorganized, Competition Forecast and Opportunities, 2011-2021" discusses the following aspects of the gems and jewelry market in India: