ORGANISED MARKET:
The Indian diamond market is growing at a healthy pace of 30 per cent with rising incomes and fashion consciousness among the people being the main driving force. ''India already figures among the top 10 nations in terms of annual retail diamond consumption,''
He said the introduction of low value diamonds and the recent duty cuts by the government have only given the much needed impetus to the sector.
''Even established brands have diamond jewellery priced upwards of Rs 1,500 and people are slowly graduating to this sector from gold ornaments...this is a positive signal, at the current diamond jewellery market in the country stood at Rs 2,500 crore. Commenting on the burgeoning Uttar Pradesh market, the D'Damas official claimed that it was posting a blistering growth at almost 85 per cent.
“In the 2007 fiscal at a growth of almost 25% '' the demand for diamond was stronger in West and North India, while South still has an inclination towards gold. However, he underlined that the organised sector still accounted for a minority share of only 6-9% in India.
“Diamond is slowly moving to being a safe asset class just like gold, due to branded diamond jewellery retail growth and hallmarking,
“Wedding Carnival' diamond jewellery exhibition in the UP capital. D'Damas, which is major branded diamond retailer, is a collaboration between the international Damas Group and Mumbai-based Digico of the Gitanjali Group.
D’damas
Tanishq
Tbz
Mnc
Gitanjali
Kgk etc
Are the part of organized market
UN ORGANIZED:
Within the Gems and Jewelry Industry, the Indian CPD (cut and polished diamond) sector contributes more than 80% to the Gems and Jewelry industry and is comprised of a large unorganized sector in excess of 100,000 small to medium-sized family run firms, which rely on the craftsmanship of their mostly uneducated employees to produce the lion’s share of the world’s market in cut and polished diamonds (personal conversation, 2006).
This industry and this sector provide an ideal setting to study the criteria for success for such new organizational forms.
That these unorganized, globally dispersed companies appear to gel or ‘fit’ into a more ‘organized’ framework later in the value include global upply chains,global software development, offshore business and knowledge process outsourcing, and global R&D (Mohrman, Klein, & Finegold, 2003).
There is very little explanation of the labor-intensive emerging markets moving up the value chain in the globalized economy, and even less so of the unorganized sectors becoming more organized and capturing a global market share such as we’ve documented above for the diamond industry in India. Our intent then, is to study these new organizational forms, as represented by the CPD sector in India.
Accordingly, the influence of work design through collaboration intensity, use of skilled manpower and technology upport for work and the cultural context all play a role in understanding the activities of the globally-distributed, highly laborintensive CPD trade.
Individual family
Broker
Are the part of un organized market
The Indian diamond market is growing at a healthy pace of 30 per cent with rising incomes and fashion consciousness among the people being the main driving force. ''India already figures among the top 10 nations in terms of annual retail diamond consumption,''
He said the introduction of low value diamonds and the recent duty cuts by the government have only given the much needed impetus to the sector.
''Even established brands have diamond jewellery priced upwards of Rs 1,500 and people are slowly graduating to this sector from gold ornaments...this is a positive signal, at the current diamond jewellery market in the country stood at Rs 2,500 crore. Commenting on the burgeoning Uttar Pradesh market, the D'Damas official claimed that it was posting a blistering growth at almost 85 per cent.
“In the 2007 fiscal at a growth of almost 25% '' the demand for diamond was stronger in West and North India, while South still has an inclination towards gold. However, he underlined that the organised sector still accounted for a minority share of only 6-9% in India.
“Diamond is slowly moving to being a safe asset class just like gold, due to branded diamond jewellery retail growth and hallmarking,
“Wedding Carnival' diamond jewellery exhibition in the UP capital. D'Damas, which is major branded diamond retailer, is a collaboration between the international Damas Group and Mumbai-based Digico of the Gitanjali Group.
D’damas
Tanishq
Tbz
Mnc
Gitanjali
Kgk etc
Are the part of organized market
UN ORGANIZED:
Within the Gems and Jewelry Industry, the Indian CPD (cut and polished diamond) sector contributes more than 80% to the Gems and Jewelry industry and is comprised of a large unorganized sector in excess of 100,000 small to medium-sized family run firms, which rely on the craftsmanship of their mostly uneducated employees to produce the lion’s share of the world’s market in cut and polished diamonds (personal conversation, 2006).
This industry and this sector provide an ideal setting to study the criteria for success for such new organizational forms.
That these unorganized, globally dispersed companies appear to gel or ‘fit’ into a more ‘organized’ framework later in the value include global upply chains,global software development, offshore business and knowledge process outsourcing, and global R&D (Mohrman, Klein, & Finegold, 2003).
There is very little explanation of the labor-intensive emerging markets moving up the value chain in the globalized economy, and even less so of the unorganized sectors becoming more organized and capturing a global market share such as we’ve documented above for the diamond industry in India. Our intent then, is to study these new organizational forms, as represented by the CPD sector in India.
Accordingly, the influence of work design through collaboration intensity, use of skilled manpower and technology upport for work and the cultural context all play a role in understanding the activities of the globally-distributed, highly laborintensive CPD trade.
Individual family
Broker
Are the part of un organized market