Start an Artificial Jewellery Business in India: Benefits and Registration
Introduction
As we know, Jewelry has always been an important part of Indian culture. Whether it is marriage or any occasion, it plays a vital role in the life of Indian people. As the demand for jewelry increases in the market, the cost of raw materials such as gold, silver, platinum, and diamond. As the cost of these raw materials increased in the market, people shifted their interest from original jewelry to artificial ones. Nowadays, the artificial jewelry boom in the market as it gives a wide variety of choices to the people at an affordable price.
The scope for an artificial jewellery business is good in India like Tribe Amrapali, Zaveri Pearls, Voylla, Pipa Bella, The Luxor, Sukkhi, Suhani Pittie , Peora , etc. As it started selling on online platforms. Thus it is having high demand in the market. In today’s platform, many stylist jewellery are found on online sites and there is consistent growth of artificial shops in the Indian market.
After covid-19 the pandemic, people started their work from home. In this pandemic era, people can do this type of business that invests less and is established to get more profit.
Artificial jewellery business can be of three types for the Indian market. The three types of jewellery businesses are listed below that make a good source of income and an easy way of selling the jewellery to the sellers.
- Online selling- Jewellery demand not only increases in the Indian market but also outside of the country. So, the online platform is the best platform to sell jewellery in and outside India to reach the various types of buyers from different parts of the country and outside of the country.
- Open your shop for artificial jewellery
Choosing this platform for selling jewellery is a nice decision as the platform is good for the buyer to reach the highest level and it may be easy for the buyer to buy jewellery according to their choice. - As a wholesaler and retailer of artificial jewellery
A person wants to sell artificial jewellery. Wholesaling and retailing are the easiest ways of selling jewellery to people in large amounts. Buy the artificial jewellery in bulk from the manufacturer company at a cheap price and sell them at a profitable price to the customers.
Benefits of running an artificial jewellery business in India
As artificial jewellery scope is increasing day to day life. Not only do middle-class people choose to buy artificial jewellery but the top celebrities and famous personalities also choose to wear this jewellery to groom their personalities. Here we will discuss the benefits of running an artificial jewellery business in India.
- The cost of the raw materials for original jewellery is exorbitant.
Demand for artificial jewellery in today’s era is becoming more like the original jewellery raw material cost is at the peak of the global market. Indian people prefer to go for the artificial one. - Variety of choices
The choices for jewellery are vast in variety and it will help the customer to go with the stylish jewellery.
- Customised jewellery
Artificial jewellery needs raw material that is low cost and hence the jewellery customised is also of low cost as compared to the original jewellery. - Tax and making charges
GST and making charges for gold, silver, platinum, and diamond are a little bit higher as compared to artificial jewellery. Hence people prefer to go for the artificial one.
- Easy to store
The artificial jewellery is easy to store and easily polished as compared to the original jewellery. Therefore it is used more than original jewellery.
Artificial jewellery is affordable for every kind of person whether the person is rich or poor and it is a style statement for every woman. Furthermore, it increases the grace in women, makes them confident enough to deal with the world and it is also good from an attractive point of view. Alternatively original gold has an emotional value attached to it but original gold is not easy to deal with and purchasing is also very difficult nowadays. Moreover, lots of people buy artificial jewellery for their style statement.
Registration for an artificial jewellery business in India.
Registration for the artificial jewellery business is one of the important steps toward the opening of the business for the same. The following steps are taken to register a new business are as follows:-
- Register The Business or Company in India
For establishing the company in India we need to register and registration available in India are as follows:-
Type of registration available in India
- Sole Proprietorship,
- Private Limited Company,
- LLP,
- Partnership Firm, etc.
- Registered Your Logo or Brand Name as per your name & logo selection
The name is the most important step toward the registration of the brand name. So, select the name that is easy to read, easy to spell and that can not be forgettable easily. - Registered your business in GST
GST registration in India is compulsory for all online businesses. - Take an Udyam Registration in India
Any person who wants to establish a small business must register the online Udyam registration in India on portals. It requires only self addhar declaration and no need to submit the documents, certificates and proofs. - Import Export Code License
Many companies are exporting and importing the products for exploring business services, in that case, import and export licenses are the main parts for the exchange of services in and out of the country. - ISO Registration
ISO registration is one of the important registration steps for establishing a small business as it ratifies that the company management system lies with ISO. - Copyright Registration
Copyright registration in India is also an optional registration if the person wants to register the design of jewellery that is unique and original in case. - Tagline or slogan Registration
Tagline and slogan that make the brands more attractive, if we want to include the original and unique slogan, Then registration of slogans and tagline are important.
Conclusion
FAQs
- What are the raw materials for artificial jewellery in India?
Ans. The raw materials for artificial jewellery are not very expensive. All items are cheap like nickel, brass, steel, gold, silver pleated steel etc.
2.How can artificial jewellery in India advertise online?
Ans. Artificial jewellery can advertise on social media by displaying the varieties and styles of different jewellery.
3.What are the reasons for the wide range of use of artificial onto original jewellery?
Ans. There are various reasons for choosing artificial jewellery over original jewellery. The original one is more expensive and in limited variety. So, people prefer to use artificial jewellery over original jewellery
4.How to maintain artificial jewellery in India?
Ans. The following steps are taken to maintain the artificial jewellery at home are:-
- Keep all the artificial jewellery in a separate box.
- Clean the jewellery with a brush after use.
5.What is known as E coating on jewellery?
Ans. The E coating on jewellery is the deposition of electron plating over the jewellery that at t is produced by an electrical current. This plating prevents jewellery from tarnishing.
6.Why is all artificial jewellery gold and silver-plated?
Ans. All artificial jewellery is gold and silver pleated because it gives silver and gold like appearance and is less costly.
7.What are the names of the brands famous for artificial jewellery in India?
Ans. Some of the brands that are famous for the artificial jewellery are as follows:-
1)Sukki
2)Voylla
3)The Luxor
4)Peoria
