Jewellery Demand in India to touch $30 Billion

Published by admin on September 24th, 2007 | Tagged Business, News

I was really impressed when I came across this news on ET that the gems and jewellery demand is all set to skyrocket to $20 billion by 2010 and then to $30 billion by 2015.

The consumption growth in the jewellery market has been of around 11 percent in the last five years.

Another good thing is that, according to Assocham, jewellery market is going to give an employment opportunity to around 3 lakh workers every year.

All this is a result of the increase in  the disposable incomes and purchasing power of the consumers.

The world market for gems and jewellery is also doing well.It is estimated to be of around $130 billion.