This business idea focuses on the cutting and polishing of synthetic gems, which are widely used in the production of imitation jewelry, decorative articles, mirrors, and ready-made garments. With a production target of 5,000 units per month and an estimated revenue potential of $10,055 per month ($120,660 per year), this venture presents an opportunity to tap into the growing demand for synthetic gems. With a total capital investment of $6,860, entrepreneurs can establish a profitable gem cutting and polishing business.
Technology and Production Process
The production process involves the use of various tools and equipment, including a slicing machine, performing machine, faceting machine, and other necessary tools. Raw materials required for the process include cutting plates and synthetic gems. The rough gem crystal is cut on a thin steel plate, using diamond dust mixed with water. Horizontal and vertical cuts are made on the rough gem, which are then chiseled and hammered to refine the gem. The rough pieces are mounted on bamboo sticks with pitch and shell, and pressed against carborundum wheels. Finally, the rough-cut pieces are faced and polished using grinding laps made of gunmetal, copper, or lead.
Market Analysis
Synthetic gems have a wide range of applications, including imitation jewelry, decorative articles, mirrors, and garments. The domestic market offers significant opportunities for synthetic gems, and there is also potential for exportation. With the growing demand for affordable and visually appealing jewelry and decorative items, the market for synthetic gems is expanding.
Sources of Supply of Equipment and Raw Materials
To establish a gem cutting and polishing business, entrepreneurs can import the necessary equipment and raw materials. This ensures access to high-quality machinery and materials, enabling the production of exquisite synthetic gems.
Conclusion
Investing in the cutting and polishing of synthetic gems in Kenya opens doors to a thriving market for affordable and visually stunning jewelry and decorative items. With the right tools, equipment, and raw materials, entrepreneurs can create sparkling gems that cater to the growing demand in the domestic market as well as potential export opportunities. By establishing a gem cutting and polishing business, entrepreneurs can contribute to the vibrant jewelry and decorative industry in Kenya.
