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India B2B Gold Jewellery Market Expected to Make a Strong Comeback After the Pandemic with a Growing CAGR of 3.4% in the 2022-2031 Timeframe | Defined by Research Dive
The report has divided the India B2B gold jewellery market into the following segments:
The importance of gold jewellery in Indian tradition, especially during wedding ceremonies, religious events, and births is expected to propel the growth of the India B2B gold jewellery market during the forecast period. However, the stringent regulations on the import-export of gold jewellery and the high cost of customization may hamper the growth of the market over the analysis timeframe.
The changing dynamics for Indian jewellery such as the abolition of the Gold Control Act, growing liberalization, and other factors to promote the B2B gold jewellery business in India are expected to create wide growth opportunities for the market over the estimated period. Moreover, the changing lifestyles, rising earnings of the population, and jewellery preferences and tastes among individuals across the nation are predicted to augment the growth of the market during the analysis timeframe.
The outbreak of the Covid-19 pandemic has devastated several other industries including the India B2B gold jewellery market. This is mainly due to the nationwide lockdowns, strict government-imposed restrictions, and banned travel owing to the rapid spread of the deadly virus. Moreover, several jewelers were forced to close their stores in malls and shopping centers. In addition, the lack of skilled labor during the pandemic has further declined the market growth throughout the crisis.
The major players of the market include
These players are mainly working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to obtain a leading position in the global industry.
For instance, in November 2020 , Emerald Jewel Industry India Limited, one of the leading jewelry manufacturers in India , announced its collaboration with IBM, a leading American multinational technology company. With this collaboration, Emerald launched "Tej", its first AI-enabled mobile application platform powering the B2B business of Emerald jewellery in India.
Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter's five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)
Research Dive is a market research firm based in Pune, India . Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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