IMPACT OF GLOBALIZATION ON GOLD ORNAMENT MARKET IN INDIA: AN OVERVIEW

Registration ID: IJNRD_184832

Published ID: IJNRD2212324

: Click Here to Get

DR VIJAY KUMAR

phenomenal growth in gold ornament exports; diamantaires; World Gold Council (WGC)

India plays a very significant role in world's gold ornament market, equally as a source and a consumer. The size of the Indian gold ornament market is the largest in the world, second only to the US market, followed by China, Japan and Italy. India is known to be the largest consumer and fabricator of gold in the world. Indian designers have made a mark on the world gold ornament scene and won recognition for design development as well. The phenomenal growth in gold ornament exports is a record among the large Indian exports sectors. In fact, the gold ornament industry presents itself as perfect case study for discussing how to build competitiveness of Indian industries. The diamantaires and gold ornament markets and their devoted and skilled artisans have shown that even an unorganized sector industry can achieve international competitiveness. The Indian gold ornament industry was the first one to absorb and assimilate the true spirit of globalization by integrating itself with the world gold ornament industry. But still according to the reports of World Gold Council (WGC), India has tremendous potential, not yet exploited, for gold ornament exports. India has, in current, largest artisans for making gold ornament in the world. Practically, every village boasts of a family of goldsmiths, having a very long tradition of gold ornament making. Indian hand-made gold ornament has a large ethnic demand in several countries sizeable Indian emigrant population such as the Middle-East, South-East Asian countries, USA, Canada and so on. Indian machine-made gems and gold ornament products will also generate demand from non-ethnic gold ornament markets abroad. Thus the need of the hour is to create fusion of Indian and Western fashion.

Published Paper   E-Certificate

DR VIJAY KUMAR (December-2022). IMPACT OF GLOBALIZATION ON GOLD ORNAMENT MARKET IN INDIA: AN OVERVIEW. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 7(12), d224-d227. https://ijnrd.org/papers/IJNRD2212324.pdf

Volume 7 Issue 12, December-2022

Pages : d224-d227

Paper Reg. ID: IJNRD_184832

Published Paper Id: IJNRD2212324

Downloads: 000121996

Research Area: Commerce

Author Type: Indian Author

Country: MADHUBANI, BIHAR, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2212324.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2212324

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

UGC CARE JOURNAL PUBLICATION | ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJNRD (IJ Publication) Janvi Wave | IJNRD.ORG | IJNRD.COM | IJPUB.ORG

© 2025 — Authors hold the copyright of this article. This work is licensed under a Creative Commons Attribution 4.0 International License. and The Open Definition.

You are free to share, adapt, and redistribute the material, provided proper credit is given to the original author. 🛡️ Disclaimer: The content, data, and findings in this article are based on the authors’ research and have been peer-reviewed for academic purposes only. Readers are advised to verify all information before practical or commercial use. The journal and its editorial board are not liable for any errors, losses, or consequences arising from its use.

Call For Paper - Volume 10 | Issue 11 | November 2025

IJNRD is a Scholarly Open Access, Peer-Reviewed, Refereed, and UGC CARE Journal Publication with a High Impact Factor of 8.76 (calculated by Google Scholar & Semantic Scholar | AI-Powered Research Tool). It is a Multidisciplinary, Monthly, Low-Cost, and Transparent Peer Review Journal Publication that adheres to the UGC CARE 2025 Peer-Reviewed Journal Policy and aligns with Scopus Journal Publication standards to ensure the highest level of research quality and credibility.

IJNRD offers comprehensive Journal Publication Services including indexing in all major databases and metadata repositories, Digital Object Identifier (Crossref DOI) assignment for each published article with additional fees, citation generation tools, and full Open Access visibility to enhance global research reach and citation impact.

The INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (IJNRD) aims to advance applied, theoretical, and experimental research across diverse academic and professional fields. The journal promotes global knowledge exchange among researchers, developers, academicians, engineers, and practitioners, serving as a trusted platform for innovative, peer-reviewed journal publication and scientific collaboration.

Indexing Coverage: Google Scholar, SSRN, ResearcherID-Publons, Semantic Scholar (AI-Powered Research Tool), Microsoft Academic, Academia.edu, arXiv.org, ResearchGate, CiteSeerX, ResearcherID (Thomson Reuters), Mendeley, DocStoc, ISSUU, Scribd, and many other recognized academic repositories.

How to submit the paper?

By Our website

Click Here to Submit Paper Online

By Mail

Send your paper to editor@ijnrd.org

You can now publish your research in IJNRD. IJNRD is a Transparent Peer-Reviewed Open Access Journal Publication (Refereed Journal), aligning with New UGC and UGC CARE recommendations.

For more details, refer to the official notice: UGC Public Notice

Submit Paper Online

Important Dates for Current issue

Paper Submission Open For: November 2025

Current Issue: Volume 10 | Issue 11 | November 2025

Impact Factor: 8.76

Last Date for Paper Submission: Till 30-Nov-2025

Notification of Review Result: Within 1-2 Days after Submitting paper.

Publication of Paper: Within 01-02 Days after Submititng documents.

Frequency: Monthly (12 issue Annually).

Journal Type: IJNRD is an International Peer-reviewed, Refereed, and Open Access Journal with Transparent Peer Review as per the new UGC CARE 2025 guidelines, offering low-cost multidisciplinary publication with Crossref DOI and global indexing.

Subject Category: Research Area

Call for Paper: More Details

Approval, Licenses and Indexing: More Details