The size of the global Gems and Jewelry industry was estimated at US $ 146 billion at retail prices in 2005, and is estimated to have recorded US $ 170 billion in sales in 2008. The industry has grown at an average Compounded Annual Growth Rate (CAGR) of 5.2% since 2000. India is one of the eight key world markets, the others being the USA, UK, Middle East, Turkey, Japan, Italy and China. India is the also the largest consumer of gold in the world, and is estimated to hold nearly 16,000 tonnes of gold, accounting for nearly 12-15% of the world’s cumulative ‘aboveground’ gold stocks. India is also the largest diamond cutting and polishing center in the world. While a predominant portion of gold jewelry manufactured in India is for domestic consumption, a significant portion of rough, uncut diamonds processed in the form of either polished diamonds or finished diamond jewelry is exported. The manufacturing and processing of Gems and Jewelry is distributed across several countries in the world (i.e., the African continent dominates the mining space of diamonds whereas India is the dominant player in diamond processing). Apart from being a major market, India primarily forms a part of the polishing and jewelry manufacturing part of the industry’s value chain in addition to increasing traction in the organized retail of jewelry. The domestic demand for gold jewelry was estimated at Rs. 550 billion in 2007, accounting for an estimated 80% of the Indian jewelry market of Rs. 690 billion; the balance comprised of diamond jewelry (Rs. 115 billion), and other fabricated jewelry (Rs. 25 billion).
The industry is characterized by highly unorganized trade, labour intensive operations, working capital and raw material intensiveness, price volatility of gold and export orientation. Though India plays a dominant role in the Gems and Jewelry industry in terms of processing and consumption, its role in the mining of gold and diamond is minimal. India imports gold and rough diamonds along with other precious metals. The Gems and Jewelry industry also plays a key role in the Indian economy, and commands a high percentage of the exports from the country. In 2008, Gems and Jewelry exports accounted for about 12% of India’s total exports. The growth of exports between 2002-03 and 2007-08 was about 14% amounting to Rs. 837 billion in 2008.
NSDC is a first-of-its-kind Public Private Partnership (PPP) in India set up to facilitate the development and upgrading of the skills of the growing Indian workforce through skill training programs. A large part of the organization’s efforts are directed and towards developing the skills in the unorganized sector in India. NSDC supports skill development efforts, in India by funding skill training and development program.
The roles and responsibilities of the GJSCI are:
Identification of skill development needs in the Gem and Jewellery sector in India
Preparing a catalogue of types of skills needed in the Jewellery industry.
Preparing a skill development plan for the Gem and Jewellery sector.
Determining skills/competency standards and qualifications.
Affiliation and accreditation process of the institutes imparting training in the Gem and Jewellery industry.
Participation in examination and certification of individuals undergoing training.
Planning and execution of Train the trainer programs.
Establishing Academies of Excellence in the sector.
Establishment of a well-structured sector specific Labour Market Information System (LMIS) to assist planning and delivery of training
Initiate Recognition of Prior Learning (RPL) across India to Recognize the Prior Learning of artisans and provide them with suitable opportunities.
- 22,640+ artisans have been certified across India under RPL
To identify skill development needs in the Gem and Jewellery sector in India.
Initiate Dakshagraam across India to upgrade manufacturing setups with latest technologies to improve productivity and reduce gold loss.
Establish Academies of Excellence in the sector PAN India.
To determine skills / competency standards and develop curriculum as per world Industry standards by creating National Occupational Standards (NOS) for every job role prevailing in the Gem & Jewellery industry.
- Developed 117 QP / NOS covering 5 sub-sectors.
To create an organized training and development ecosystem in the gems and jewellery industry to produce skilled workforce at par with global quality standards.
A Portal developed to engage the community to harness the potential of youngsters and transform them into a vibrant workforce with industry oriented Skills as also to counsel and guide them in their professional career, to enable them join the Industrial mainstream in the production or service sector.
We IndiaSkillPedia Foundation Society comprise of nominated members of SKILL MISSION TEAMS from State Agencies.