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The results substantiated many of the team's prior assessments but also brought to light recent developments with far-reaching effects.The impact of vertical integration, consolidation, globalization, and jewelry television retail far exceeded expectations.Many of these were family businesses, and we were able to interview multiple generations in preparing case studies.

At every socioeconomic level there is a distinct entrepreneurial drive and competitive spirit.In 2015, a field team from GIA visited the Indian city of Jaipur to capture the full scope of its gem and jewelry industry: colored stone cutting, wholesale trading, jewelry design, manufacturing, and retail.The authors documented the current state of the industry from a manufacturing as well as a business perspective.This has greatly diversified Jaipur’s colored stone cutting industry and expanded its scale of operations, with one factory cutting a million stones a month (N. Many of these jewelry pieces are destined for television retailers and contain a variety of colored stones.In fact, one company was vertically integrated all the way to the end consumer, with its own television retail division reaching 100 million households, requiring approximately one million pieces of jewelry to be manufactured each month.

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