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Gitanjali - A Gem in India's Crown
Gitanjali - A Gem in India's Crown
Gem In Indias
Crown?
INTRODUCTION
India is a leading player in the global gems and jewellery market.
The gems and jewellery industry occupies an important position in
and diamonds.
Diamond distribution was dominated by a few major diamond
Past
Present
Unbranded
Branded
Investment
Investment + Fashion
Traditional design
season
Jewellery sold on commodity Jewellery being sold on a per
basis with labor charges
piece basis
DIAMOND INDUSTRY
Diamond Manufacturing Industry
Cut and Polished Diamonds
Retailing of Diamond Jewellery
Government Initiatives and Regulations for the Gems and Jewellery
Industry in India.
First major diamond and jewellery house to be launched and run by modern
Supplier
Industry
Rivalry
Substitutes
Buyers
112 distributors and 1246 outlets in India and 143 outlets in U.S.
Strong brand equity and broad product range Such as, Gili, Asmi, Nakshatra, Sangini,
company.
Sight holder status with DTC through a promoter group company.
Weaknesses
There may be conflicts of interest between them and certain of their Promoter
group companies.
As the major raw material requirements need to be imported, companies
Opportunities
New markets in Europe & Latin America.
Growing demand in South Asian & Far East countries.
Industry moving from a phase of consolidation.
Expansion possibilities in lifestyle and luxury products in India like watches,
Threats
International Competition:-China, Sri Lanka and Thailand's entry in small
diamond jewellery.
family jewelers.
MANUFACTURING
Marking
Cleaving
Sawing
Cutting
Polishing
FINANCE
The companys operations running across the whole value chain so finance
INFRASTRUCTURE
The company is having latest technological manufacturing plants. Its
PROCUREMENT
The company procures its raw materials, machinery & other ancillary
TECHNOLOGY
The company is using latest technology in processing means jewellery
HUMAN RESOURCES
As of September 30, 2005, the Company had 410 full-time employees, of
Sophisticated
manufacturing
upcoming Hyderabad SEZ:
facilities
including
economic zones.
Gitanjali has been achieved economies of scale and learning curve effects
for the company is of its presence across the entire value chain
CURRENT POSITION OF
GITANJALI JEWELERS
Gitanjali Gems reported that consolidated net profits fell 42 percent to INR
291.52 million ($5.97 million) in the third fiscal quarter ending December 31,
2008 as a result of the companys diamond and jewelry segments contracting
during the period.
Gitanjalis third quarter net sales fell 11 percent to INR 11.109 billion ($227.55
during the quarter and a 7.8 percent drop in revenues from the rest of the world.
For the first nine months of the fiscal year, Gitanjalis net profit fell 6 percent to
INR 1.195 billion ($24.48 million). The companys diamond business saw pre-tax
profits fall 16 percent during the period, while its jewelry unit profits grew 27
percent. Group net sales rose 8.3 percent to INR 36.207 billion ($741.56 million).
FUTURE PERSPECTIVES
As per Research and Markets, the gold processing industry in India
metals and stones, the countrys inexpensive and skilled workforce are one
of the best in the world for processing of diamonds, which makes the
country a favored destination with the exporters.
Additionally, there is a huge potential in promoting traditional Indian
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