All that glitters is due to the
optimum utilisation of
cutting edge Technology
and Machine tools and so much so
that technology and latest inventions
have transformed the Gems and
Jewellery industry globally. Large
jewellery corporate have reaped the
benefits of technology by expanding
and growing to cater to a large
International mass. The entry of
CACAM software into the jewellery
industry changed the perspective of
the way jewellery was designed and
manufactured. CADCAM till date
has its place of pride as every
jewellery piece can be designed with geometrical perfection. The gems
and jewellery industry has come a
long way from the time it forayed
into the world market and now more
business men are looking at
innovating the existing technology,
with an aim to improve quality and
reduce cost of production. Laser
machines and laser heads is the call
of the day where companies are
making optimum utilization of
technology using one laser head in as
much as 3 workstations. This truly
helps in saving costs and increase
production limit. Manufacturers
have also started using lost wax
investment casting, which allows them to make designs of jewellery with more details but
is cheaper as it is lighter. When it comes to Gold too, the
fabrication process is mostly machine aided than manual
as it helps the manufacturers in mass and light weight
jewellery production.
As exports grow, jewellery companies irrespective of
whether they are in polished or fine have to cater to
International standards and a number of Multinational
technology companies have forayed into India to offer
globally accepted machinery and equipments. This has
not only increased production and exports, but also
enhanced the quality of products. By and large, the Gems
and Jewellery industry in India has been indifferent to the
adoption and establishment of formal or informal
industry standards. However, as the industry has grown
and more and more businesses have started transacting on a global basis, a need
has arisen for establishing standards.
It is a belief that machines take over Man, but the advent of technology and
machinery has proved to generate employment in the country and according to
a research report, there is a projected increase in the employment rate in
specific segments such as Jewellery Fabrication, Diamond processing,
Gemstones and other categories including Retail. It is expected that the Gems
and Jewellery industry would have the potential to employ about 8 million
persons by 2022. This would mean an incremental human resource
requirement of about 4.6 million persons between 2008 and 2022.
India has unleashed a wide canvass for domestic as well as International
players to compete and this has proven to be a big advantage to the trade as they
derive a price advantage out of this competition. With more Multinational
companies looking to share space from Germany, Israel, Japan, China etc,
Indian technology giants too are not far behind. Though India lacks in
technology development, large Indian companies are efficiently distributing
high end machinery and tools to the industry. This import and distribution
effectively increases the bandwidth for more International companies to
increase their market share in India.