Key steps require in opening a Jewellery Franchise

It is the desire of every men and women living on the planet to look beautiful in order to get maximum attention from people surroundings. Jewellery has its own significance it gives a classy touch to the attire wearing during festive seasons or traditional occasions. Especially Indians have shown immense interest in buying jewellery items as compared to citizens of global nations. A number of Jewellery Franchise available in the market, consumers have wide array of options i.e. bargaining power is quite high with presence of various industry leaders. Before owning a franchise one should analysis market trends, governmental rules and regulations imposed on these precious items.
Gems and jewellery industry in India
There is wide scope of growth for gems and jewellery industry in India. It plays a vital role in the growth and development of Indian economy. The industry accounts for 6-7 percent of country’s GDP. India has figured has best destination for investment because of its low costs and availability of high skilled labour. Also India has become centre for best diamond polishing and cutting centre. Over the past few years, the government of India has declared Gems and jewellery as focus area for export promotion.
Market volume
High level knowledge of market is crucial to get information about market size and latest trends. India is a home to more than 5 lakh players with majority belong to small scale business category. Due to adoption of western culture consumer’s preferences have changed, they demand latest designs, and branded jewellery to add more value to the wardrobe. Number of national players have done tremendous job to cater needs and demands of modern era consumers. In addition, in recent times India has become the third largest diamond consumer nation in the world. Government of India has started several programs to promote investment and technology to upgrade Indian brand at international arena.