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For all the thought times it gave to the industry whether it was GST, PAN Card, Excise Duty or Demonetisation, the year 2016 gave an excellent opportunity for the Indian Gem and Jewellery Industry to become more organised and transparent. It is now up to the industry to nudge itself to change and the results are already visible. The individual business houses began the process of getting organised, getting digital and getting consumer driven. JewelBuzz predicts that 2017 will be an year of consolidation and 2018 will give the industry much to cheer about with market expansions, better margins and beginning of a growth phase.

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