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| MarketplaceNakshatra JewelryPosted on March 1, 2010. A Big Step diamond jewelry market in businesses Gifting A stage for the mass market in the diamond jewelry industry Giveaways
diamond market still thrives with its entry into the business sector using major gift promotional tool.
Jewelry is part of Indian traditions for centuries. In the past, it was like a precious stone of value and security, but today more than even before the Indian consumer is lining up to buy jewelry that makes a fashion statement or expresses his individuality. Not only the rich, but sales were seen to be high in section IE of the middle class, we talk about 300 million middle class consumers.
The growing purchasing power of Indian consumers at all levels and the boom of IT and BPO industries has increased the desire of people to spend. India, which has long been the world's largest consumer of gold, has in recent years in light of the global jewelry market expanded beyond expectations, with changing consumer preferences, resulting in a shift Gold Jewellery heavy to light, trendy ornaments. India has significantly increased its sales of diamond jewelry and taught Indian design value they once looked the intrinsic value of jewelry.
Diamond is no longer the possession of a rich man, more or less, it proved to be a fashion today diamond studded jewelry gift. This year itself in February during the Valentine had seen a remarkable trend of rising sales. Valentine's Day is no longer limited only to children but now older couples and families also enjoy the opportunity. This has been very clear on the jewelry market this year. Gifting is becoming an exclusive means to express your love and speaks a little more than words.
The diamond boom in the small business community recently, products of the brand jewelry diamonds traded are considered in the industry of corporate giving. Brands play a major role in propelling growth in the diamond jewelry industry. Branded products are strengthening the confidence of consumers with their quality assurance. Brands vary answer segments at different prices and new collections of the season have been with the festival coming very - Diwali, giving customers the power to choose.
Particularly noteworthy is the great boom in demand for diamonds and jewels in the business segment. In all jewelry sales diamond segment accounts approximately 20-25% of total sales in which he gets 75% of sales is to subways. With around 5-7% of sales on the market is seen in corporate giving. Though a small way the market is growing rapidly. We see growth of about 20% more per year.
Products considered as the most marketable business gifts are small heart-shaped pendants, diamond pendants spiritual color diamond jewelry, small earrings bud, ballistic good for casual wear, Minakari, Kundan and polki work diamond rings jewelry products etc. are also taken into account in donations, but they face the problem of the size of the rings, however, difficult standard size are also considered part of the range of corporate giving.
Some well-known brands to power of the diamond market, which have set foot in corporate donations are damask D 'Ciemme C. Mahendra Adora brand jewelry Concept (India) Pvt.Ltd., Asmi and Nakshatra DTC to name a few. The festivals play an important role in a person's life and diamond have managed to blend into the framework of their traditions donations. diamond pendants and rings just Rs.999 / - & Rs.1999 / -. Market demand for diamond jewelry has definitely improved last year and growth seems to be moving fast. Thus, the market seems promising.
We have seen that consumers dominant Jewish diamond.
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