Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

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Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

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Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

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There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

Survey Notes Challenges Facing Females in India’s Jewelry Industry

03 august 2012

Female entrepreneurs in India’s gems and jewelry industry face several bottlenecks as ‎traditional values often hinder their progress, Rapaport reports.‎
A survey on ‘Women Entrepreneurs in Gems & Jewellery Sector,’ conducted by FICCI Ladies ‎Organisation (FLO), noted some of the obstacles restricting female-led operations include ‎difficulty to procure raw materials and finding skilled manpower in each of the manufacturing, ‎marketing and retailing aspects of their businesses. ‎
FLO questioned entrepreneurs for the survey, including women who have been in the ‎industry for more than 10 years and new comers. A majority of the respondents from small ‎and medium size enterprises noted it is difficult for them to obtain quality products such as ‎gemstones in the markets, particularly in Delhi, because of the traditional mindset of people in ‎the industry.‎
Other concerns included the low wages prevalent in the industry, its hesitance to train staff, as ‎businesses feel threatened by them, and a general fear of poaching and sharing of internal ‎practices. The survey added that financing options are inadequate and respondents stressed ‎that more needs to be done to sustain the industry’s competitive edge globally.‎
The survey showed that there is a growing need to modernize the sector in line with ‎international trends. FLO explained that the rising spending capability of the Indian consumer ‎has made gems and jewelry a lucrative business opportunity for women entrepreneurs and ‎that most of the survey participants view the industry as a very profitable sector as their ‎businesses are thriving.‎
FLO recommended that the government should formulate policies to encourage gems and ‎jewelry as a career opportunity for women and increase training initiatives so that skilled ‎manpower is easily available in India. The respondents suggested that skills enhancement ‎centers should be setup to help develop skills.‎
The organization added that government should introduce specific measures for women ‎entrepreneurs to encourage them to tap the growing potential of this sector, particularly given ‎the growth of branded jewelry in the country.  ‎
The survey concluded that female entrepreneurs across India should be provided with a ‎platform to gain better access to national and international markets, develop partnerships with ‎value chain operators, and network with businesses in related industries.‎