The Gem and Jewellery Export Promotion Council (GJEPC) stands as a cornerstone in India’s gem and jewellery sector, offering exporters invaluable market research and analysis. By providing comprehensive insights into global demand and consumer preferences, GJEPC empowers Indian exporters to navigate international markets effectively.

GJEPC’s Market Research and Analysis

GJEPC conducts extensive market research to keep exporters informed about the latest trends and consumer behaviors worldwide. This research encompasses various aspects, including demand fluctuations, emerging markets, and shifting consumer preferences.

For instance, GJEPC’s analysis highlighted a significant surge in India’s platinum jewellery market. In the third quarter of 2024, Indian jewellery fabrication increased by 68% year-on-year to 66 koz, contributing to a 7% rise in global jewellery demand, totaling 478 koz. This growth is attributed to India’s expanding middle class, rising disposable incomes, and evolving consumer tastes.(GJEPC India)

Additionally, GJEPC’s reports have noted a decline in the export of colored gemstones due to weakened global demand. Key markets such as the United States and West Asia have experienced reduced consumer spending on luxury items, including gemstones, primarily due to high inflation rates and economic challenges.

Providing Critical Data to Exporters

GJEPC offers detailed trade data, including export and import statistics, market share analyses, and performance metrics across different countries and product categories. This data aids exporters in identifying growth opportunities and making informed decisions.

For example, in the period from April to May 2024, India’s total gross exports of gems and jewellery amounted to US$ 4,691.58 million. While this represented a slight decline of 5.94% compared to the same period the previous year, certain segments like gold jewellery saw significant growth. Plain gold jewellery exports increased by 30.66% to US$ 653.71 million, indicating a robust demand in international markets.

Insights into Consumer Preferences

Understanding consumer preferences is crucial for exporters aiming to cater to international markets. GJEPC’s research delves into these preferences, providing actionable insights.

A recent report highlighted that round diamonds remain the most popular, accounting for 82% of center stones in natural diamond jewellery in 2024. However, there’s a growing trend towards fancy shapes, particularly elongated silhouettes like oval diamonds, which held almost 8% of the market. This shift indicates consumers’ desire for individuality in their jewellery choices.

Adapting to Global Trends

GJEPC also keeps exporters informed about global trends affecting the industry. For instance, there’s a rising demand for sustainable materials and lab-grown diamonds, as well as an expanding market among male consumers. These trends present new opportunities for exporters to diversify their product offerings and cater to a broader audience.(Deloitte United States)

Altus Exports: Partnering with Indian Manufacturers

While GJEPC provides the data and insights necessary for understanding global markets, executing a successful export strategy requires effective partnership and logistics. This is where Altus Exports comes into play.

Altus Exports is a premier merchant exporter dedicated to delivering the best of India’s textiles, handicrafts, chemicals, and food products to the world. Our commitment to quality, sustainability, and customer satisfaction makes us an ideal partner for Indian manufacturers aiming to expand their global reach.

How Altus Exports Can Assist

1. Quality Assurance: We prioritize quality at every step, from sourcing to packaging. Our rigorous quality control processes ensure that products meet the highest international standards.

2. Extensive Network: With a robust network of trusted suppliers, manufacturers, and artisans across India, we offer a diverse range of products and swift response times to meet global demands.

3. Market Expertise: Leveraging insights from organizations like GJEPC, we stay abreast of global market trends and consumer preferences, enabling us to provide products that align with current demands.

Partnering with Altus Exports

Indian manufacturers looking to export their products can benefit significantly from partnering with Altus Exports. We offer a collaborative approach, working closely with manufacturers to understand their products and target markets. Our services include market analysis, compliance assistance, logistics management, and marketing support, ensuring a seamless export process.

To explore partnership opportunities, manufacturers can visit our Manufacturer Partnership page. Here, detailed information is available on how we can work together to bring high-quality Indian products to the global market.

Conclusion

GJEPC’s comprehensive market research and analysis provide Indian exporters with critical data and insights into global demand and consumer preferences. By leveraging this information and partnering with experienced export facilitators like Altus Exports, Indian manufacturers can successfully navigate international markets and achieve sustained growth.

Digital Transformation: GJEPC’s Role in Modernizing the Gem and Jewellery Sector

Sustainability and Ethical Practices: GJEPC’s Commitment to Responsible Sourcing

Financial Support: GJEPC’s Assistance in Accessing Export Financing and Insurance

Market Insights: How GJEPC Provides Critical Data and Trends to Exporters

Infrastructure Development: GJEPC’s Establishment of Common Facility Centers (CFCs)

Ensuring Quality: GJEPC’s Certification and Standardization Programs

E-Commerce Expansion: GJEPC’s Initiatives to Boost Online Jewellery Exports

Streamlining Exports: GJEPC’s Efforts in Policy Advocacy and Government Collaboration

Navigating Global Markets: GJEPC’s Role in Facilitating International Trade Shows

Empowering Artisans: GJEPC’s Training and Skill Development Initiatives