Tom Luxsox Coins

Coin Gem

Gems and Jewellery made-in-India gaining back some lost gleam

The exports of Gem and jewelry seem to be back on track. Gold jewelry exports in May recorded a growth of 158 per cent at Rs 3,911 crore against Rs 1,513 crore in April.

Cut and polished diamond, exports increased by 18 per cent to Rs 4,528.76 crore (Rs 3,847 crore) in May.

Total exports including coloured gemstones and rough diamonds increased by 55 per cent at Rs 8,887 crore (Rs 5,749 crore).

India is rising as the world’s largest trading centre and B2B platform of gold, gems and jewelry selling offers aiming US$ 16 billion by 2010. The industry has a rich resource pool of skilled manpower for designing and producing high volumes of fine jewelry at low costs.

Diamonds made-in-India

Only few Indians are aware of the fact that India has the largest diamond cutting and polishing centre in the world. Simply put, 9 of the 10 diamonds sold world over is cut and polished in India. In 2007-08, India exported cut and polished diamonds worth US$14.18 billion in 2007-08.

Booming Retail Sector

The Indian gems and jewelry sector so far, was an unorganized sector. However, with new age customer becoming more brand conscious and quality conscious as well, the demand for branded jewelry is gaining fresh impetus. As per Mckinsey report, the demand for branded jewelry will be worth US$ 2.2 billion by 2010.

Also, the government has permitted 51 percent FDI in single brand retail outlets, alluring both global and local players to this sector.

As per the report published by Technopak Advisors on the Changing Retail Landscape in India, the jewelry and watches market is worth US$ 13.70 billion. And it is estimated to register a 12 per cent growth by 2012, reaching US$ 23.60 billion.

The World Gold Council recently informed that the size of India's gold coin market is worth US$ 2.11 billion.

In an attempt, to enhance the demand during recession, jewelers are introducing novel designs in light weight jewelry.

India Gems and Jewelry Exports

As per the figures released by the Gem & Jewelry Export Promotion Council (GJEPC), the exports of gems and jewelry, registered a growth of 1.45 per cent during 2008-09, driven by gold jewelry exports. This includes medallions and ornaments. In 2007-08, the country exported gems and jewelry worth US$ 20.8 billion.

Gems and jewelry amounting to US$ 17.79 billion was exported during April 2008 to February 2009. Notably, rough diamond exports stood at US$ 712.09 million, an increase of 43 per cent over the corresponding period previous year.

The United Arab Emirates (UAE) was the largest importer of gems and jewelry made-in-India in 2008-09; this was followed by Hong Kong and the US. Of the India’s total merchandise exports the gems and jewelry made-in-india accounted for 13 per cent.

The export industry mainly consists of small-to-large units set up in various special economic zones (SEZs) delivering diamond-studded jewelry.

Government schemes for export promotion

The Indian government has introduced favorable foreign trade policies to boost the booming gems and jewelry industry of India

* Foreign direct investment (FDI) up to 100% is allowed in gems and jewelry through the automatic route

* The government has reduced import duty on platinum and has exempted coloured precious gems stones from customs duty.

* Import of Rough, semi-precious stones are duty-free.

* Import of Metals other than gold and platinum are duty-free up to 2 per cent of freight on board (f.o.b) value of exports.

* Rejected jewelry imported is duty-free up to 2 per cent of f.o.b value of exports.

* Establishing of SEZs and gems and jewelry parks to boost investment in the sector.

* In May 2007, the import duty on polished diamonds, abolished.

* The government has raised the limit value of jewelry parcels for export through foreign post office (including via speed post) from US$ 50,000 to US$ 75,000

• The export of coloured gemstones on a batch basis has been permitted.

About the Author

Gems and Jewellery made-in-India gaining back some lost gleam
The exports of Gem and jewellery, seem to be back on track. Gold jewellery
exports in May recorded a growth of 158 per cent at Rs 3,911 crore against
Rs 1,513 crore in April.

Calsydney Coin Gem Necklace $170 The green Calsydney coin gem necklace features two distinct pendants. Small faceted stones dangle from the necklace, alongside small gold coins. These pendants come together to create a gorgeous look for this piece.

Gray Coin Pearl and Mixed Gem Necklace In 14kt Yellow Gold. 36 $385 Beautiful at every length, our 11mm cultured freshwater coin pearl necklace is stationed with amethysts, citrines and peridots for a total gem wt. of 61.00 ct. 14kt yellow gold necklace. Amethyst birthstones are the perfect gift for February birthdays.

Multi- Gem Bracelet In Vermeil. 7 $112.5 A sophisticated multi-gem bracelet mix of discs, 12-12.5mm cultured freshwater coin pearls and bezels of rock crystal and pink and green chalcedony. Brushed vermeil* bracelet. *18kt gold-plated sterling silver. Pearl birthstones are the perfect gift for June birthdays.

Sterling Silver 12mm White Coin Pearl French Wire Earrings with Multi Gem Dangles $49.14 Plum Island Silver Company is a leading supplier of Sterling Silver Jewelry. We have one of the largest selections of Sterling Silver Jewelry in the world. Our customer service is unexcelled. Give us a try and see why we are America s Favorite Sterling Silver Supplier . Fun and lively' these sterling silver pearl earrings with multi gem dangles are the perfect earrings for anyone wanting to add a splash of whimsy and color to their jewelry collection. The white coin pearl measures 12mm wide x 12mm long and features multi gem dangles. Each earring features 5 gem dangles: amethyst' rose quartz' citrine' peridot' and blue topaz. Amethyst measures 5mm wide x 5mm long' rose quartz 5mm wide x 5mm long' citrine 5mm wide x 5mm long' peridot 4mm wide x 4mm long' and the blue topaz 6mm wide x 6mm long. These earrings are finished off with french wires

Multicolor Moonstone Gem Faceted Coin Beads 14-inch Strand $51.95 Glimmering moonstone faceted coins white, grey, peach colors.Type of supply: Stone beadsTranslucent white stones are mixed with grey moonstone and peach moonstone in a repeating pattern The pattern is the same with each strand These real moonstone beads are hand-cut Hole is less than 1mm in diameter Materials: Moonstone Dimensions: 6.5-7mm wide x 6.5-7mm long x 3mm thickQuantity: 14-inch strand of beadsAll weights and measurements are approximate and may vary slightly from the listed information. Treatment code CR (crystal). See Gemstone Treatments for further information.

Sterling Silver 40 Inch Ls White Coin Pearl Necklace with Multi Color Gem Chips $144.7 Plum Island Silver Company is a leading supplier of Sterling Silver Jewelry. We have one of the largest selections of Sterling Silver Jewelry in the world. Our customer service is unexcelled. Give us a try and see why we are America s Favorite Sterling Silver Supplier . Simple and attractive' this sterling silver white coin pearl necklace with multicolored gems would make a perfect set with white coin pearl earrings and bracelets found in our selection of sterling silver jewelry. The necklace is a 40'' liquid silver chain that features 7 white coin pearls measuring 12mm wide x 12mm long. The necklace also features 6 sets of 3 multicolored gems: amethyst' peridot' and rose quartz. The amethyst measures 6mm wide x 4 1/2mm long' peridot 3mm wide x 2mm long' and the rose quartz 4 1/2mm wide x 2 1/2mm long. This delightful necklace is finished off with a lobster claw clasp measuring 11mm wide x 6mm long

Charming Life Goldtone Antique-style and Asian Coin Bracelet $37.4 This Asian inspired bracelet features an antique-style Asian coin accented with a goldstone gem and an orange bead. This stylish bracelet showcases a goldtone finish and secures with a toggle closure.

Coin Kiss $6 Coin Kiss

Gem $9.99 Look carefully. There may be a gem in your garden. For nearly four decades, watercolorist Holly Hobbie has drawn inspiration from the wonders of nature. During one especially hard winter, she found herself imagining the story of a determined toad's spring journey. Her vivid depiction of this endearing creature's glorious yet fragile world is a sparkling celebration of survival and renewal. From the muddy brown road outside a farmhouse to the sweet-smelling garden to the cool lily pads in the pond, readers will feel their senses rejuvenated by Holly Hobbie's gemlike, detailed paintings in this nearly wordless work.

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