JCK’s List 2006

India With its burgeoning economy, focus on technology, and rapidly rising middle class, India is already a force in the jewelry industry. Investment in state-of-the-art equipment coupled with an endless supply of inexpensive, English-speaking labor make India a manufacturing powerhouse. Domestically, middle-class hunger for consumer goods, including jewelry, is reminiscent of the postwar boom in the United States, but on a much larger scale. India has serious infrastructure problems, such as an onerously bureaucratic government and a substandard public health system, but its entrepreneurial spirit is likely to override, if not eventually correct, these issues. Dubai and the Gulf States Already an important player in the diamond-trading world, Dubai, United Arab Emirates, also boasts the highest per-capita consumer spending on jewelry (approximately $2,500 annually per capita). Wit
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