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| home >> about west bengal >> sectoral focus >> thrust areas >> gems & jewellery |
| GEMS AND JEWELLERY |
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| Profile & Performance |
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Market for jewelllery in India is rapidly changing. Overall exports of gems and jewellery from the country during 2005-06 were US$ 16.5 billion. A large part of this growth was fuelled by the branded segment, whih grew at an amazing growth rate of 40%.
West Bengal has a rich and continuing tradition of craftsmanship for handmade gold jewellery. Jewellery from this region is famous throughout the world by the sobriquet “Calcutta Jewellery” |
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for ts intricate designs and quality of workmanship. The State has a rich and continuing tradition of craftsmanship for handmade gold jewellery. The artisans from the State are today spread throughout the country and are also engaged abroad. Jewellery exports from the Eastern Region have grown at over 21% compared to an All India growth rate of 6% The State Government has already taken a number of initiatives including setting up Manikanchan, the exclusive Gems & Jewellery SEZ at Salt Lake, Kolkata. Exports from this SEZ has touched Rs 459 crores in 200506. |
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| Policies & Plans |
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| The State has taken a number of initiatives in this sector which include the provision of state-of-the-art infrastructure facilities for training to enhance the quality, design & global competitiveness; promotion of a medium-term export strategy for the sector; exploring the possibilities of direct procurement of rough diamonds from mining countries; organizing Trade fairs & exhibitions to study the latest trends in design and project the capabilities of this region to international clients. |
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| Potential |
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| Why West Bengal? |
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Presence of very skillful artisans – Bengal has a tradition of jewellery making and the State has the largest numbers of skilled artisans and goldsmiths in India. |
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Availability of state of the art infrastructure in Manikanchan, the sector specific SEZ. |
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Quality inputs in the form of high caratage in hand crafted plain gold or studded jewellery – 98 percent of the gems and jewellery exported from his region are of this type. |
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Huge domestic and foreign market – India’s diamond exports are growing at an average CAGR of 20% and gold / jewellery at a rate of over 23%. There is a huge demand in the markets of Europe, USA, Canada, Japan, Gulf countries and Australia. |
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Availability of specialist Institute such as National Institute of Fashion Technology and National Institute of Fashion Design located at Kolkata. |
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| Products & Services (Illustrative List) |
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Gold and gold jewellery |
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Jewel studded Clocks, watches and other time-pieces |
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Diamonds, precious and Semi-precious stones |
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Glass Beads, Gemstone Beads, Wooden and other Beads |
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Imitation, artificial and other fashion jewellery |
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Jewellery making & Diamond cutting tools and machineries |
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Silver, Silverware and Silver jewellery |
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Cast jewellery finishing machines and tools |
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Quality control and testing equipment for finished product quality control |
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