Embracing New Technology in the Gems and Jewelry Industry

Embracing New Technology in the Gems and Jewelry Industry – Innovations in the gems and jewelery industry have paved the way for the creation and design of products with unique styles for this generation of consumers to get more value for money.

Embracing New Technology in the Gems and Jewelry Industry

swarovskijewelry – Due to this ever-increasing demand, science has created technologies such as lasers. Designers using CAD, 3D printing and artificial intelligence are offering unique shapes and geometries that were previously impossible.

The ever-growing technological innovations and e-commerce in retail are helping Indian consumers with convenience, choice and quality. In this digital era, the millennial generation prefers a smooth shopping experience. The Online Jewelry Market is here to stay!

Current Scenario of Gems and Jewelery Industry

Gems and Jewelery in India plays a huge role in the Indian economy, contributing about 7.5 percent of our GDP in 2021 and is considered one of the largest industrial pearls and jewelery in the world. According to IBEF.ORG, this market is likely to grow to $103.6 billion by 2023. According to the Times of India, the sector employs around 5 million workers.

The Indian jewelery industry employs more than 300,000 jewelers and jewelers. Thanks to technological advancements and the changing lifestyle of today’s millennial generation, the Indian jewelery industry has leveraged this technology through better marketing processes, especially in the wake of the COVID pandemic. Especially through e-commerce platforms, AI opens new doors to the digital economic arena of the sai industry.

Indian Gems and Jewelry Design and Production Methods

The unique cultural and historical timeline of Indian gems and jewelery contains various stories with the aesthetics of artisans who not only played a role in the design of the jewellery, but were also responsible for the global expansion of the Indian jewelery making process. But recently, several global jewelry companies have forged partnerships with some local Indian artisans and artisans who, according to a recent article, “increase the value of an item by embracing their cultural ideals, thereby making the jewelry special.” India has 10 Special Economic Zones (SEZs) for gems and jewellery. There are more than 500 production units in the zone, which accounts for 30% of the country’s total exports.’

There are four production methods They are:

1. Electroforming:

In this particular method, a wax replica is created and lacquered with a thin layer of electrically charged metal. In the next process, the copy is immersed in an electrically charged liquid containing precious metals. These particles stick to the coated wax copy.

2. Skills:

Craftsmanship is the process by which each element is properly shaped, placed, joined, and finished by the hands and arms.

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3. Die Striking:

The process begins with making a steel template called a die (a die is made specifically to make the desired jewelry). With a specially designed stamping machine, the blanks are cut to the size and shape required to make jewelry.

4. Lost Wax Making:

This process requires the use of a wax mold to create a silica-coated shell into which the metal is poured and allowed to harden.

Lack of technology in the industry

Because most of the Indian jewelery market is unorganized. and unevenly distributed, the reason for the consolidated development of the Hi-Tech market is to benefit sectors that require further development. According to an article published in the Times Of India, the increase in productivity of small and medium manufacturers and the quality of the finished goods they produce gives them access to technological advances.

Recent technological advances such as 3D printing and CAD. (Computer Aided Design) has revolutionized industry in most parts of the world. . And the Indian jewelery sector is yet to adopt it widely in its large and unorganized market.

The market is driven by CAD e-commerce platforms, 3D solutions, cloud solutions, and artificial intelligence, and adapting these futuristic advancements will only help make that happen. much greater growth in the Indian gem industry and jewelery sector.

The technology used to identify, cut, manufacture and design Indian jewelery is as follows:

1. CAD Technology: Computer Aided Design is software that is used to create

drawings of certain jewelry accurately and precisely. In India, CAD-aided design is used to design 3D jewelery and check its accuracy.

2. Laser: The functional use of laser makes it possible to engrave various shapes

on metal, engrave identification numbers and brands. In India, laser technology is used from start to finish, from design to polishing. This process helps minimize waste and search for dirt.

3. 3D Printing: Allows designers to create complex designs with this advanced

technology. However, the use of 3D printing is still progressing and increasing research and development in this sector will lead to widespread commercial use of this sector at affordable costs. 3D printing is helping many jewelers and retailers in India save time and increase efficiency.

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4. Detection and mapping technology: This combination helps identify small

diamonds under one carat in size. Gem and jewelery technology mapping enables value chain analysis and export competitiveness of Indian gem manufacturers and helps initiate new trends in international markets.

5. Augmented Reality and Artificial Intelligence: Augmented reality has become an

important tool for brands to stay connected with customers. This special technology allows customers to try on jewelry virtually, creating a unique sensory experience. Artificial intelligence creates a reliable way to design jewelry. Artificial intelligence has proven useful in identifying the shape and color of gems. And since the time of the pandemic in India, the jewelery market has grown significantly thanks to the introduction of this unique technology.

According to an article published by Gem Encyclopedia, synthetic gem materials are created in laboratories, but almost all of them are chemical, the optical and physical properties of natural minerals are within a certain percentage.

To avoid illegal mixing of natural and synthetic diamonds, the World Jewelers Association (CIBJO) decided to establish a committee on laboratory diamonds. cultivated diamonds. diamonds in the field of synthetic diamonds.

Since India is one of the largest diamond markets in the world, demand for lab-produced stones is likely to increase.

How are young entrepreneurs using this technology?

While investment demand in the Indian jewelery sector is expected to grow by 8 percent in 2021 despite the chaos caused by the COVID pandemic, entrepreneurs are integrating futuristic technology into their businesses. And one of these advances is social media. Through this online portal, jewelry manufacturers and distributors have the opportunity to interact and communicate with their potential customers, showcase their products online, and save a lot of costs in physical shows and exhibitions.

Education to learn. With these advancements, new technologies are paving the way for India to enter the global jewelery market across the world. Establishing programs to provide technical skills to diamond and jewelery manufacturers, importers and exporters can also open the arena for the Indian market at the international level.

At the International Gemological Institute, we offer a variety of courses and certifications to advance in the gem and jewelry field. To enter the GandJ industry, get gemology certification and other related courses, register with the International Gemological Institute.