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

Reportstack has announced a new market research report on Jewelry Market in India 2015-2019. Favorable economic factors have resulted in significant growth of theJewelry Market in India, which is expected to post a CAGR of 16.06 percent from 2015-2019.

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,”.

“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 NBFC 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:

Favorable Economic Factors
For a full detailed list, view our report.

Market Challenges:

Threat from Unorganized Sector
For a full detailed list, view our report.

Market Trends:

Change in Consumer Preference
For a full detailed list, view our report.

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 & Sons

To access full report with TOC, please visit Jewelry Market in India 2015-2019.