classic diamonds india ltd Management discussions

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Indian Gems and Jewellery (G&J) industry is one of the major exporting industries with a firm presence in cut & polished (C&P) diamond exports, handling worlds 90% of diamond cutting and polishing business. Of late, Indias gold Jewellery exports have witnessed a spectacular rise as Jewelers are pushing the Jewellery into high margin overseas markets. On the domestic front, India is one of the major consumers of gold cornering around 30% of worlds total gold consumption. Though demand for diamond Jewellery in India is quite low as compared to overall Jewellery demand, the same is picking with rising urbanization, younger population, rising popularity of diamond due to marketing efforts by the players etc.

The Gem & Jewellery industry in FY2012 has suffered on two counts: subdued demand for C&P diamonds led to decline in prices whereas prices of rough diamond did not fall to that extent, leading to margin erosion for exporters and in the domestic markets, more than 30% rise in gold price in rupee terms coupled with lower GDP growth and higher inflation led to muted gold consumption. Organized players in the G&J space are witnessing a good growth due to thriving retail growth and more innovative products. Though the contribution of organized players is small, it is expected to pick up rapidly going forward.

Management expects that exports will grow at a moderate pace over next couple of Years due to a drop in Cut & Polished exports on account of drastic reduction in re-export of Cut & Polished diamonds and subdued global demand for Cut & Polished diamonds. Gold Jewellery exports are expected to continue its growth in the higher trajectory. Domestic demand is expected to remain intact with a substantially higher growth expected for the organized players in Gem & Jewellery space.

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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

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This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

ATTENTION INVESTORS

Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

classic diamonds india ltd Management discussions

ATTENTION INVESTORS

Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.

MARKET

IDEAS

MUTUAL FUNDS

TRADING DOCUMENTATION

CALCULATOR

GLOSSARY (A-Z)

ATTENTION INVESTORS

Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.