Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

10 Most Profitable Jewellery Business Ideas And Opportunities

If you’re interested in making jewellery and want to know how to milk money from it, then read on for our list of the 10 most profitable jewellery business ideas and opportunities. 

The global jewellery industry was valued at $70 billion in 2016, per The Huffington Post, making it one of the most attractive businesses to explore today. But while it’s true that this market has plenty of opportunities for people who want to dip their hands into entrepreneurship, it’s not all glitz and glamour. Similar to other industries, having a jewellery business can be complex. Some factors that you have to consider before setting up your shop include operational and manufacturing costs and finding your target market. This article will put you one step closer to your goal by offering insight into the most profitable jewellery business ideas and opportunities today.

Thanks to the rise of e-commerce, building your own jewellery business has become cheaper and easier than ever. You can start selling through online sites such as Etsy Inc. (NASDAQ:ETSY) and eBay Inc. (NASDAQ:EBAY), and promote your products via social media. Accessibility through online shops, however, has given rise to more competition. To stay competitive, you must ensure that you provide the best shopping experience and excellent customer service, along with offering an attractive product line.

 NAR studio/

NAR studio/

In this article, we adopted the 10 most lucrative jewellery business ideas listed by Muvsi, an online resource platform for Indian startups. India has one of the most vibrant jewellery markets today, focusing not just on gold but on diamonds, platinum and gemstones as well. In addition, India’s local jewellery industry plays a crucial role in its economy. In fact, India is now the world’s largest gold jewellery market, according to the India Brand Equity Foundation. This is primarily fueled by both cultural and sentimental demand, with jewellery and other accessories being regarded as staples in a Bollywood outfit. Hence, many of today’s fledgling jewellery entrepreneurs can and should take cues from India.

Based on Muvsi’s list, the 10 most profitable jewellery business ideas and opportunities are beaded jewellery making, costume jewellery business, diamond processing unit, dokra jewellery business, glass bangles making, gold-plated jewellery making, jewellery shop, lac bangles making, leather jewellery making, and online pearl jewellery store. See how they ranked beginning on the next page.

If you like our list of the 10 most profitable jewellery business ideas and opportunities, head on over to the 10 best jewelry stores in the world for further reading.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.