Though half of the world has been going through the recession and financial meltdown, India has been able to sustain itself to an extent. Whether it was due to the financial policies or simply the way Indians work on their money, the impact was not that strong in many areas. Therefore, India is now being considered an emerging market for many products and services.
Now, one field which was often considered conventional and secretive was the jewellery sector. Traditionally, one had to spend years together to know the trade secrets and pass it on to the next generation. However, things have changed and now the realization is that the more the knowledge is shared the better the profits to be earned. With this the importance of jewellery industry has come into the open market.
Ideally, this is being classified as three verticals - mining, production, distribution. With this, the departments have increased and one can choose the area he is good at. This has given rise to an increasing demand in subjects like Geology, Mineralogy, Gemology which has led to the increase in demand for jewellery engineers. As a result, association with academic institutions has also taken place.
Some of the noted institutions are Manipal Institute of Jewellery Management, NIFT, Gemological Institute of India, Indian Institute of Gems & Jewellery, Jewellery Design & Technology Institute. All these institutions are offering the relevant form of diplomas and certificates for the programs. With specialization required in each field of jewellery engineering and design, the demand has increased significantly.