India is emerging fast in the sphere of jewelry manufacturing
because of its low cost of labour. Increasingly, more and more
companies are adopting the approach of partnering with an Indian
counterpart to carry out work that involves manual labour and time.
And the gains for western companies are phenomenal.
I was quite surprised too learn from a previous discussion in
ganoksin that setting charges per stone in the west is on average
$3.50 pe stone. This when converted into Indian rupees is quite an
amount compared to what we get our work done here for. And if your
compare the total cost of making an item in the the US with that in
India, the latter will be a fraction of the former. This clearly
represents an opportunity for American companies to reduce their
costs. I recommend that they have a partner company in India to
carry out the labour itensive work.
(Its a general phenomenon that one would notice that the east is
always cheaper than the west. And it applies to India too. East
India produces jewelry more cheaper than India, given the same
quality of finishing. Kolkata (formerly calcutta) in the state of
west bengal has the lowest cost of producing jewelry in the world)