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Gitanjali Gems: Indian Jewellery Industry on Growth Curve Today, jewellery is seen not only as one thing with excessive fashion quotient, but additionally a type of investment. Realising the high returns on investment supplied by the yellow metal, an increasing number of individuals are investing in gold. Diamonds are additionally discovering a approach, as a excessive class asset, into the investment market. Low value of manufacturing and availability of extremely expert labour are the factors which have made India one of the crucial aggressive jewelry markets on this planet. The various incentives provided by the government have further consolidated the country's position as a number one destination for gems and jewelleries. With the country achieving a number one place in gems and jewelry sector throughout the globe, increasingly more firms are making a foray in the profitable jewellery market. Gitanjali Group was among the first few firms to identify this exponential development within the gems and jewellery market in India. Gitanjali Group is one of the leading gamers in the gems and jewelry market in India. Gitanjali Gems, part of the larger Gitanjali Group, is the only totally integrated producer and retailer of diamond and jewellery in India. Today, Gitanjali Gems is a pioneer among the many many jewellery companies in India. The first main diamond and jewelry company to be established and run by trendy entrepreneurs somewhat than dynastic jewellers, Gitanjali Gems has paved the best way for others in the jewellery industry. Led by Mehul Choksi, the effervescent Managing Director of Gitanjali Group, Gitanjali Gems holds the distinction of manufacturing the world's smallest heart formed diamond (zero.03 carat) and growing about 25 patented facet patterns. Today, Gitanjali Gems operates internationally, from the US, UK, Belgium, Italy and the Middle East to Thailand, South East Asia China, and Japan. Mehul Choksi has played a stellar function in making the model a known title amongst even the typical center class Indian. With his astute leadership and huge knowledge of the jewellery products, Mehul Choksi has managed to convey diamonds within the reach of the frequent man.
Today, Gitanjali Gems holds the distinction of successfully a plethora of manufacturers throughout a number of markets and worth segments in India. With its vast range of merchandise, Gitanjali Gems continues to contribute considerably to the gems and jewellery industry in India.
It is frequent knowledge that the jewelry market in India has been dealing with tough instances of late. The persistent weakening of the rupee towards the dollar has compelled the Government to curb the import of gold in the country. This has negatively affected the domestic jewelry market. Demand for jewelry products has declined considerably over the past few months. Gitanjali Gems' stocks too have gone down due to the identical. With investors searching for different avenues for funding, Gitanjali Gems needed to face the brunt of the scenario. Gitanjali Gems' shares have gone southward due to the depreciation of the rupee and Government's curbs on gold import.
However, the RBI is in the technique of implementing measures to arrest the slide of the rupee, and this bodes effectively for the investor sentiment in India. People will again flock to the jewellery market as soon as the rupee positive aspects some solidity. Gitanjali Gems' shares may also witness a sunrise, with folks once once more start investing in jewellery.
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