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A Peek Into The World Of GEMS & JEWELLERY

Wednesday, August 05, 2015

The Gems and Jewellery sector in India plays a significant role in the Indian economy, contributing around 6-7 per cent of the country’s GDP. The domestic gems and jewellery industry had a market size of Rs.251,000 crore (US$ 40.45 billion) in 2013, and has the potential to grow to Rs.500,000–530,000 crore (US$ 80.59-85.43 billion) by 2018. Gem and Jewellery industry currently employs 4.5 million and as per a survey by NSDC and ICRA, there will be an additional requirement of 4 million people in next 10 years

By Hardik Kapoor, Founder and Director, Jewelsify.com, New Delhi

Every piece of jewellery starts out as a simple idea, a figment of someone’s imagination, drawn on a piece of paper  which later goes on to become that formidable accessory that men and women have adorned their bodies for centuries. And everyone from designers, gemmologists, jewellery manufacturers, sales and customer service representatives, store managers, laboratory graders and appraisers- all have a part to play in making each piece of Jewellery unique from another; And  in ensuring that, at every step in the process, jewellery is sourced, manufactured and sold in an ethical and environmentally-conscious manner.  

The Gems and Jewellery sector in India plays a significant role in the Indian economy, contributing around 6-7 per cent of the country’s GDP. The domestic gems and jewellery industry had a market size of Rs.251,000 crores (US$ 40.45 billion) in 2013, and has the potential to grow to Rs.500,000–530,000 crore (US$ 80.59-85.43 billion) by 2018. Gem and Jewellery industry currently employs 4.5 million and as per a survey by NSDC and ICRA, there will be an additional requirement of 4 million people in next 10 years. Keeping this demand of jewellery professionals in mind, there are a host of career opportunities that the Industry now offers to aspirants who want to be surrounded by shimmering diamonds, rubies, lustrous cultured pearls, and velvety blue sapphires. One can pursue any of the below mentioned careers in Gems and Jewellery. The different career opportunities available to people who want to start a career in Gems and Jewellery are as follows:

Retail Jewellery Sales Professional
A person willing to work as a Retail Jewellery Sales Professional should enjoy working with people. Jewellery Sales Professionals are friendly, enthusiastic and even tempered, and good at both verbal and non-verbal communication. They should also have a strong sense of ethics and care about their clients’ interests. A Sales professional will typically be expected to meet closing sales targets, meeting daily or monthly goals, etc. As a Sales professional, you would typically, arrange attractive displays in windows and show cabinets and advise customers on products.

While there is no set qualification for the role of a Retail Jewellery Sales Professional, a degree/diploma in Sales and Marketing can be an added advantage. The average annual salary of a Jewellery Retail Sales Professional may range between 2.4 lpa-5.5 lpa

Jewellery Appraisers
If you describe yourself as meticulous and detail-oriented, yet curious and interested in history, design or beautiful gems, then you may aspire to become a jewellery appraiser.  Jewellery appraisers evaluate antique and contemporary jewellery and write careful descriptions of each item. Then, they research the market to estimate their value. These documents can help customers obtain insurance, settle an estate or simply provide a record of someone’s jewellery collection. With the advent of gold monetization schemes, financial sector growth and growth in retail there will be demand of jewellery appraisers. The retailers these days have in-house appraisers for return and exchange scheme and jewellery appraisers can work independently also. This is a skillset based job so high level proficiency is needed. For an experienced appraiser the take home might be as high as 3 lakh a month.

A previous retail or customer service experience is helpful. Gaining hands-on experience of the jewellery industry is critical. Diploma work in gemmology is necessary, as are courses in appraisal theory and qualifications from one of the major appraisal organisations. Computer skills are necessary; digital photography and Adobe Photoshop®skills and hands-on jewellery experience are helpful, as is a background in art and jewelry history. The MSME-technology Development Center, Agra offers a 5-day program on Gold Appraisal which is approved by the Govt. Of India. Indian Instt. Of Gems and Jewellery also offers courses on the same.

Jewellery manufacturers & Wholesalers
Manufacturers employ a variety of jewellery career positions: inside and outside sales; customer service representatives; jewellers; quality assurance technicians; and specialists in finance, product development, inventory management, marketing or social media are only a few. If you work for a smaller company – or start your own – you may find you wear most of these hats yourself. A retail or wholesale jewellery trade or customer service experience for an entry level position is desirable. Computer skills are a must. Formal education in business and gemmology may also be necessary.

PM Modi’s Make in India Scheme will bring growth in retail and this will see an enormous boom in wholesale also. Both these things are related to entrepreneurship, and so it depends on clientele how much a person can earn as a jewellery manufacturer/wholesaler.

Quality Assurance Technicians
Quality control technicians decide whether a piece of jewellery lives up to a given standard of workmanship. Developing and maintaining a high level of expertise and knowledge is critical for most lab professionals. Laboratory jobs can lead to supervisory or management positions in larger labs, or to positions involving training, customer service management or even research (for graders with degrees in scientific fields).

Computer skills and a Diploma in Gemmology is often required. Some Gemmology and/or bench experience is an added advantage and is increasingly required for Quality Assurance Technicians. A qualified Quality Assurance Technician can earn about 20k a month. However, this may vary with experience.

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