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Today I will discuss the future of the market of the Fashion jewellery.
Indian Jewellery business has undergone a drastic transformation over the years.The Indian fashion Jewellery market has emerged as one of the rapidly growing business segments of the country. The imitation Jewellery market is estimated to reach INR 656.2 Billion by the end of 2022 due to rising demand.
Not only In India, I have done my survey and sawe that the same thing is happening all over the world. Fashion jewelleries are very much appreciated these days by the youngstars.
Artificial or imitation jewellery business will make you profit or not will depend on whether you want to sell artificial jewellery in retail or you want to become the manufacturer. In manufacturing, most important thing is to lower the manufacturing cost and beat the competition. You really need good discretion in order to understand how to lower the manufacturing cost in any business.Better to go through this article http://www.mastbusiness.com/top/gain_profit_in_business.php.
If you have direct manufacturing and selling point like INDIAN FASHIONS then this will give you monopoly in your business. No doubt demand for CZ jewellery is huge in India and also the foreigners are demanding Indian jewellery because of the low cost in India. Labor cost is very cheap in India and that is the major advantage to India.
According to http://www.ibef.org/industry/gems-jewellery-india.aspx Gems and jewellery business in India contributes to 6-7% of the countrys GDP. If you want to manufacture artificial jewellery than there is a huge scope for exports and that is where you can earn good profits. According to statistics, by ibef.org (link mentioned above), jewelry and gems industry in India earned $39.90 billions alone by exports in FY 2014-2015 and its growing at a steady pace as well. Just visit the ibef.org link mentioned above to know more about the Indian Jewellery exports and other market research data.
Even if you want to become a retailer only (not manufacturer) than also there is huge scope in artificial jewellery business because of the online buying trends. The scope is so huge over internet that no one can stop you making money by selling artificial jewellery online. Just you need good traffic to your website where you are selling your jewelry products. And we INDIAN FASHIONS giving you all the opprtunity to grow in your buisness.
Now you will ask why is fashion jewellery much more popular???
1. Imitation jewellery is safer to wear as compared to the Real jewellery. Currently, with theft and crime increasing in society, customers feel more secure wearing fake jewellery.
2. It's very much a gender bias thing. Men also can wear these fashion jewelleries like specially designed rings, bracelets , chains and many more things.
3. It is very much worth your money. With soaring gold and diamond prices, it is more affordable and convenient to embrace artificial jewellery. Imitation jewellery can be worn and discarded according to latest trends due to their low-cost benefit.
4. The next thing is variety and designs. imitation jewellery comes with an unlimited and exquisite design. Usually, women prefer to coordinate according to their dresses. Due to an affordable range of artificial jewellery, it is much easier to make a collection for regular as well as formal occasions.
Artificial jewellery has been part of our culture for almost 300 years. Due to the high soaring price of gold and diamond, the artificial jewellery business has a great potential to prosper.
Jul 26, 2019 (The Expresswire) -- Imitation Jewellery Industry 2019 Global Market research report provides key analysis on the market status of the Imitation Jewellery manufacturers with market size, growth, share, trends as well as industry cost structure.
The report offers detailed coverage of the "Imitation Jewellery Industry" and main market trends. So these are the reports which are saying the current growth of the fashion jewellery market.
So the fashion jewellery market future is very much bright and growing.
I am sharing the data of jewellery industry analysis, you can have a look. https://www2.deloitte.com/content/dam/Deloitte/in/Documents/risk/in-ra-analytics-in-the-jewellery-industry-noexp.pdf
Some jewelry enthusiasts will insist upon a middle category called “semi-fine,” which is reportedly characterized by jewelry that is made with gold vermeil or is gold-filled. (To find out the difference between gold-plated, gold-filled, and gold vermeil, check out this post about jewelry metals). “Semi-fine” jewelry is also made with real gemstones that are much more affordable, like morganite and opals, or “enhanced” stones, which are treated with heat or chemicals in a lab to appear clearer or more flawless or to change the color of the stone.
We can call CZ jewelleries as Semi Fine because CZ are also gems stones and the jewelries made by 24 cr gold and rhodium plating with the base metal of high quality brass. We use the high quality brass and AAA start cut CZ stones for making our jewelry.
So if you want to start your buisiness INDIAN FASHIONS will be the right place for you all.
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