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Future Market Size of Imitation Jewellery Industry Revealed

Future Market Size of Imitation Jewellery Industry Revealed

Future Market Size of Imitation Jewellery Industry Revealed

When We Talk About Jewellery Only Gold, Silver Diamonds And Platinum Click Our Minds. These are the boolean market. However, This Is Not The Case Anymore. The Trend Has All Together Changed. Today 85% of people prefer to buy:

  • Junk Jewellery
  • Funky Jewellery
  • Imitation Jewellery or Artificial Jewellery
  • Bling Jewellery
  • Modern Jewellery
  • Fashion Jewellery

The designs used by jewellery designers in making Gold, Silver, Diamonds that designs are adopted by our Imitation jewellery artisans and that is being sold everywhere in the stores and shops where you go as Imitation Jewellery. For example, Tanishq (an Indian Brand of artificial jewellery) made Rajwari jewellery (royal jewellery) for the actors and actresses in movies like Jodha Akbar and also by famous celebrities like Jakobi Wilburn, Hendrix Wilburn, Brittni Mealy, Lori Harvey. These pieces of jewellery are already part of many reputed brands, and they have been sold as expensive jewellery However, Imitation Jewellery makers have made the same sort of jewellery for the public domain who can wear this jewellery during weddings, parties, and other occasions.

Artificial Jewellery Is Made Of Materials Including Metals, Glass, Plastic, And Fake Artificial Stones Sometimes Semi-precious Stones Gems, Glass.
• Glass
• Leather
• Semi-precious, Artificial Stones
• Plastic
• Beads
• Jute
• Sterling Silver
• Stainless Steel & Etc.

Casual, Antique, Traditional, Fashion, Trendy,
Any Type Can Be Tailor Made To Suit The Industry Fashion And Occasions.
• Jewellery Can Be Oxidized, Silver & Gold – Plated, Stone – Studded, Or Made Of Sterling Silver.
• Items Ranges From Bangles, Earrings & Nose Pins To Armlets, Necklaces, Anklets, Bracelets, Waist Bands, Hair Accessories, Stylish Toe Rings, Rings Etc.
It Is Available To Suit All Ages And Sexes Too.

Why is there a Boom in this industry?

Why is there a Boom in imitation jewellery industry?

Not everyone can afford new jewellery for every occasion. Gold and silver may not be suitable for our pockets. But Imitation Jewellery has many benefits:

• Suits All Pockets
• Light In Weight
• Various Colors
• Not Valuable
• No Need To Polish
• Gender Non-bias
• Value For Money
• Comfortable
• For All Occasions

Why is there a Boom in this industry?

Where does India stand in the market of Artificial jewellery?

• About 40% of the Indian market is using artificial jewellery.
• It takes about 30% of Gold & Silver Manufacturers to also add Silver, Sterling Silver and Gems Jewellery due to demands
• 30% of the Artificial Jewellery is dumped into India from China
• According to the Imitation Jeweller Association, the demands are of 400 crores / 48 million dollars.
• About 1000 crore worth of Imitation Jewellery is imported last year.

• India Has A Wise Range Of Types Of Fashion Jewellery.
• Jewellery In India Is Largely Made Of Brass, Cast Iron, Nickel, Plastic Beads, Stones, Lac, Imitation Pearls And Gems.
• The Above Items Are Easily Available In India At Very Low Rates.
• Manufacturing Is Usually A Household Activity Combined With Machine Polish Work.
• Items Range From INR. 50 To 30,000 depending upon the quality of the product.
• The Indian Artificial Jewellery Manufacturing Association Is Very Active And Helps In Manufacturing And Exporting – IJMA

What are the manufacturing hubs of Imitation Jewellery in India?

What are the manufacturing hubs of Imitation Jewellery in India?
• Delhi
• Raikot
• Mumbai
• Hyderabad
• Jaipur
• Kolkata

Abroadize EXIM International is a manufacturer and the leading exporter of Imitation Jewellery made in India.

WHAT ARE THE QUALITY PARAMETERS FOR THE EXPORT OF IMITATION JEWELLERY?

What are the quality parameters for the export of IMITATION JEWELLERY?
• Unbreakable – Can Not Easily Be Broken
• Can Not Hurt – No Loose Edges
• Metal Should Not Be A Skin Irritant
• No Animals Or Birds Be Hurt Or Harmed
• Clasps Should Be Easy And Self Wearable
• Not Heavy To Droop On Ears Or Fingers
• Properly Fixed Studs, Stones, Diamonds

Market Share of the Countries

Market Share of the Countries in Imitation Jewellery
U.A.E
Switzerland
2018
India
China
2018 Data
• 12.9 % – China
• 11.2 % – India
• 11.4 % – Switzerland
• 9.6% – U.S.A
• 8.3 % – U.A.E
• 46 % – Rest Of World

WHERE DOES INDIA EXPORT ITS IMITATION JEWELLERY?

Where does India export its Imitation Jewellery?
Imitation Jewellery is Exported from India Majorly to:
• USA
• United Kingdom
• United Arab Emirates
• Saudi Arabia

The Combined Export Value Stands
Tall at 105.91 USD Million
The Demand is Surged by 85% Due to an Increase in Gold & Silver Prices

Certificates Required for exports of imitation jewellery

Certificates required to export Imitation Jewellery from India
• HACCP – non-hazardous certificate
• NOC from MEF ( Ministry of Environment & Forest)
• Trans Boundary Movement Rules
• NOC from Pollution Control Board
• Kimberley Process Certificate – for Rough Diamonds
• Lab Test report Analysis of the material used
• Pre-shipment Inspection Certificate
• Penalization on Re-exporting (if goods are hazardous & cannot be imported by importing Country)

This is all about artificial jewellery. Artificial Jewellery is only for its name but is much more popular than real Gold and Silver Jewellery around the globe. The imitation jewellery market is expected to be growing at a growth rate of 6.50% in the forecast period of 2022 to 2029.

leading exporter of imitation jewellery / artificial jewellery from India

Abroadize EXIM International deal in exports of all types of artificial jewellery across the globe. For booking bulk orders of customized designs, please contact our support team at Abroadize EXIM International.

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