Online jewellery market may bulge to $3.6 billion in 3 years

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Online jewelry market at present is of approximately 10 billion USD, which will rapidly grow to USD 18 billion in upcoming three years. Jewelemart CEO Adish Shah told in a conference that India could capture a market share of 20 percent.

 

Online jewelry market at present is of approximately 10 billion USD, which will rapidly grow to USD 18 billion in upcoming three years. Jewelemart CEO Adish Shah told in a conference that India could capture a market share of 20 percent. The Indian jewelry market is growing at fast pace, which is expected to hit USD 3.6 billion in the next three years, which is estimated to hold 20 percent share in the global market. The estimated size of the global market is USD 18 billion in upcoming three years and this rise is expected because of the ecommerce.

The CEO of jewelmart Adish Shah said that he feels there is huge scope to boost the online jewellery market in India. He also informed about the B2B and B2C portals launched by them with link www.jewelmart.com. He is looking forward to get a benefit from these portals. The consumers will also be benefitted from portals by purchasing the certified diamond-studded gold jewellery at best deal. The company is looking forward for turnover of Rs 100 crore in first year itself.

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