Spine Assets

Gems & Jewellery

The global gems & jewelry industry, valued at $348 billion in 2021, is experiencing steady growth due to rising consumer demand, especially in emerging markets like China and India. In India, the sector was valued at ₹3.6 trillion in 2021 and is expected to expand further, driven by increasing disposable incomes and cultural significance. Technological advancements are improving efficiency and quality, but the industry faces challenges such as fluctuating raw material prices and sustainability concerns. Amid evolving market dynamics, there are significant opportunities for innovation and growth.

Challenges

  • Price fluctuations in raw materials
  • Maintaining quality and craftsmanship
  • Regulatory compliance and taxation issues
  • Supply chain management inefficiencies
  • Sustainability concerns and ethical sourcing

Solutions

  • Real-time pricing and cost tracking systems
  • Automated quality control and precision manufacturing
  • Compliance management tools for seamless taxation adherence
  • Digital supply chain solutions for inventory and logistics optimization
  • Ethical sourcing certification and sustainability initiatives
Solution

Benefits

  • Improved cost management and profitability
  • Enhanced quality assurance and customer satisfaction
  • Simplified compliance and reduced legal risks
  • Efficient supply chain operations and reduced wastage
  • Stronger brand reputation through responsible sourcing

Insights

Improvement in workforce compliance tracking

Reduction in payroll errors

Better workforce scheduling

Prominent Clients

Thangamayil

Established in 2000, Thangamayil Jewellery Limited is a prominent jewelry retailer based in Madurai, Tamil Nadu, India. The company offers a diverse range of products, including gold, diamond, silver, and platinum jewelry, as well as silver articles and gold coins. Thangamayil operates an extensive retail network with 49 showrooms and 10 exclusive silver showrooms across various locations in Tamil Nadu, covering cities such as Madurai, Coimbatore, Salem, Erode, and Trichy.

Company Strength: 2.1K employees

Rosy Blue

Established in 1960 as B. Arunkumar & Co. in Mumbai, Rosy Blue India has evolved into a leading diamantaire with a global presence. The company offers a comprehensive range of services, including the trading of rough diamonds, the manufacturing and distribution of polished diamonds, and the retail of fine jewellery through its brand Orra. As a De Beers Sightholder, Rosy Blue India ensures a consistent supply of high-quality diamonds.

Company Strength: 2.8K employees

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