Indian Artificial Jewellery Market Experiencing Phenomenal Growth

Press Release   •   Jul 08, 2013 12:39 IST

The jewellery industry in India provides a distinctive feature to the country. However, with the rising prices of gold, there has been an increasing trend towards buying artificial jewellery. These kinds of jewellery, largely made of brass, casting iron, nickel, plastic beads and stones, enjoys a huge demand in India, and has potential for growth in overseas markets, such as the US, UK, Europe, Canada, Australia and many Asian countries. Rajasthan, Uttar Pradesh, West Bengal, Bihar and Madhya Pradesh are some of the important states known for such products.

The availability of base metals, faux gems and stones, and skilled artisans at low cost has encouraged the sector’s growth in India. It was observed that there has been a tremendous growth in the Indian market for artificial jewellery. This dramatic surge can be attributed to factors, such as cost, propensity to cater all age groups, versatility in design, and rising prices of gold. On the back of these factors, the artificial jewellery market is expected to surge at a CAGR of more than 23% during 2013-2015.

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- China Apparel Market Outlook 2016(http://www.rncos.com/Report/IM474.htm)
- Women Ethnic Wear Market in India Outlook 2015 (http://www.rncos.com/Report/IM398.htm)
- Women Innerwear Market in India Outlook 2015 (http://www.rncos.com/Report/IM399.htm)
- Women Western Wear Market in India Outlook 2015 (http://www.rncos.com/Report/IM400.htm)

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