The gems and jewellery market is highly fragmented in India, and is home to over 500,000 players, with the majority being small businesses. The sector plays a significant role in the Indian economy, contributing around 6-7 per cent of the country’s GDP.India is one of the largest exporters of gems and jewellery. This industry is considered to play a vital role in the Indian economy as it contributes a major chunk to the total foreign reserves of the country.Based on its potential for growth and value addition, the Government of India has declared the Gems and Jewellery sector as a focus area for export promotion.This initiative by UBM to do a thorough market research in the trade community of finding the best manufacturer, wholesalers and exporters will help the industry to know the most preferred in the community. The companies having IMP logo will have a great advantage in their businesses.
UBM India’s initiative with Independent Research Agencies has set an objective to give the industry & the world its most preferred brands. After finishing research in the Retail Jewellery industry the research is currently underway for the Manufacturing Jewellery Space. This vertical wise independent research will result into the identification and recognition for India’s most preferred Jewellery manufacturers, wholesalers & Exporters. The retailers are selected from Metro and Tier 1 cities across all 4 zones i.e. North, South, East, and West. The research will help to rank the most preferred industry suppliers across various categories. The study will be carried out 22 cities across four zones. The cities included are major metros and mini-metros.