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Indian Institue of Jewellery Indian Institue of Jewellery

HISTORY OF IIJ

The Gems and Jewellery industry plays a key role in the Indian economy, and commands a high percentage of the exports from the country, making it one of the top 8 key markets in the world.

According to a report by the National Skill Development Corporation NSDC and IMaCS, the Gems and Jewellery industry has shown immense growth in various segments such as:
  • Growth in purchase of jewellery driven by increase in consumption, with consumption of luxury items expected to grow at 8.5% to 9% in the long term.
  • The export segment is expected to witness a growth of about 12.5% till 2022 and reach a size of Rs. 4,400 billion.
The Gems and Jewellery industry is expected to grow at 8.5% in the period up to 2015, and about 7% in the horizon till 2022, recording revenues of Rs. 1,700 billion

Human Resource Requirement :
  • The industry has the potential to employ about 8 Million people by 2022 which means an increment of about 4.6 million from current times
  • Gujarat, Maharashtra & Rajasthan are the prime markets which means that almost 72% of the workforce will be employed from these markets
  • 75% are skills acquired with a short/ modular and focused intervention with minimal education
Going by the current employment pattern, India accounts for 94% of the global workers involved in diamond industry. Within this, 70% human resource is involved in the polishing segment. Traditionally the industry has been largely unorganized with 70% of those employed in the Cut & Polished Diamond segments are below 10th standard. However, the industry scenario is now changing where emphases is largely laid on hiring workforce that is not just skilled but also are equipped with a formal education in the industry.
 

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