Introduction
To export jewelry could be a lot of hassle if not done in a correct manner. Jewelry being one of the biggest luxury items can have certain requirements & procedures to follow.
Here are a few tips on how to get started with shipping jewelry from India.
How is Shipping Jewelry from India Going to be Profitable for Your Business ?
According to the Gem and Jewellery Export Promotion Council (GJEPC), plain gold jewelry exports from India during the nine-month period ending in December 2022 (9MFY2023) increased by 20.98% to Rs 24,242.91 crores as a result of the India-UAE CEPA (Comprehensive Economic Partnership Agreement). This demonstrates that India’s gem and jewelry exports are being boosted by the nation’s recently signed Free Trade Agreement with the UAE.
According to GJEPC, for the month of December 2022, the total gross export of plain gold jewelry increased by 21.31% to Rs 2,369.74 crores ($287.46 million) from Rs 1,953.46 crores ($259.05 million) for the same period in the previous year.
All of these figures from GJEPC show that shipping jewelry from India to the world is profitable and has potential to grow in the upcoming years.
Now let’s look at the aspects you should keep in mind before you can start shipping jewelry from India.
Things to Keep in Mind Before You Start Shipping Jewelry from India
Research the Legal Requirements
Learn about the rules and regulations for exporting jewelry from India. To learn about the required licenses, permissions, and paperwork for sending jewelry internationally, get in touch with the right government organizations or speak with an attorney.
Identify the Target Market
Decide the nations or regions you want to send your jewelry to and make sure your items meet their requirements. Additionally, research the market trends of your target destination countries, the demand there, and their import laws.
Establish your Business
Make sure your company is listed as an exporter and get the required tax identification numbers. Depending on your long-term objectives and statutory requirements, pick an appropriate business structure, such as a sole proprietorship, partnership, or private limited company.
Identify the Source of your Jewelry
Identify trustworthy jewelers in India. Form alliances with wholesalers or manufacturers who can deliver goods of a high quality that satisfy your clients. Think about things like design variety, quality, and affordable cost.
Ensuring Quality Control
To guarantee that the jewelry you ship meets the highest standards, establish thorough quality control procedures. Verify the validity of any precious metals or gemstones and inspect each item for flaws while keeping accurate records for traceability.
Good Packaging & Labeling
Invest in quality packing supplies to safeguard the jewelry while it is being transported. To avoid damage, put jewelry in safe containers, cushioned boxes, or packaging made just for jewelry. Make sure each shipment is properly labeled with the accurate information, including the sender and recipient’s addresses, content specifics, and any applicable customs declarations.
Choose a Reliable Shipping Partner
Select a trustworthy courier firm or shipping partner like Shipyaari that specializes in sending packages internationally. Investigate and contrast the various shipping methods, taking into account aspects like price, efficiency, tracking availability, and insurance coverage. Learn about customs processes and any import tariffs or taxes that may be imposed on shipments of jewelry.
Documentations & Custom Clearances
Prepare all required shipment documentation, such as packing lists, commercial invoices, export licenses, and certificates of origin. To ensure that the customs clearance of your cargo goes as smoothly as possible, make sure you abide by both Indian and foreign regulations.
Insurance
If you want to protect your jewelry shipments against possible loss, theft, or damage while in transit, think about getting insurance coverage. Consult with insurance providers to comprehend the choices available and select the best level of protection for your company’s requirements.
Sales & Marketing
Create a marketing plan to advertise your jewelry business globally. To reach your potential clients, develop a visually appealing website, establish a presence online on e-commerce platforms or social media, and take part in targeted advertising. To increase the reach of your distribution network, establish connections with retailers, wholesalers, or jewelry stores in your target geographies.
Wrapping Up
Now that you are equipped with tips and strategies to get started, it is essential that their implementation may vary depending on your location, the nature of your items, and the nations you intend to export to.
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