India, China to equal US jewellery market
NEW DELHI (CommodityOnline) -- India and China are together expected to equal world's largest jewellery market, the United States, by 2015 when the global gems and jewellery trade is expected to touch $230 billion, states a new industry report.
The Gems and Jewellery Export Promotion Council (GJEPC) of India commissioned report by global consultants KPMG estimates that "with collective action, the industry has the potential to grow to $280 billion by 2015 at a year on year growth of 6.7 percent."
"Global jewellery sales will grow at 4.6 percent year-on-year to touch $185 billion in 2010 and $230 billion in 2015. India and China together will emerge as a market equivalent to the US market by 2015," states the 'Global Gems and Jewellery: Vision 2015: Transforming for Growth' report.
MCX CARDAMOM 15 March 2012
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