The sari named "Vivah Patu" entered the Guinness Book of world record as the world's costliest sari last year. It contained 11 paintings which were once made by Iconic Indian artist Raja Ravi Verma. The embroidery was made from real gold threads and used stones like diamond, emerald, ruby, yellow sapphire, topaz, pearl and coral. The sari was hand woven using double warp by 36 handloom workers at Kancheepuram. It weighs 8kg and was completed in 12 months costing INR 40 lakhs.
This sari is a masterpiece and a classic illustration of modern ethnic design inspired from the bygone eras. Likewise the creative fashion designers of 21st century are in a lookout for ethnic designs that is adjacent to our cultural roots and recall our glorious past.
Every Indian region's ethnic wear comes in vibrant colours, pattern and designs. Attire like Sari or the salwar-kameez allows to experiment with colours, design, motifs and it is not only restricted to the women's wear, men's wear including the kurta-pajama or sherwani are designed in artistic form. Every variety of attire is a huge market for ethnic wear.
The entry of brands infused a fresh approach into ethnic wear and there is a lot of Liveliness' in this segment. It can be said that the new "in-thing" in fashion area is ethnic wear. Brands like Satya Paul, Ritu Kumar, W Women's Wear etc have been successful in making their mark in Ethnic wear. Apart from these booming names, there are huge numbers of debut brands entering the Indian ethnic wear industry. Ethnic wear occupies major part in wardrobe for Indians festive sprits and our Tradition is never out of fashion.
Ethnic wear as a market will post impressive double-digit CAGR (Compound Annual growth rate) growth till end of this year. The market as a whole is expected to grow at a CAGR of eight per cent to reach US$ 19,600 million by 2018. This segment comprises 74 per cent of overall women's apparel market with a market size of US$ 11,500 million. The ethnic kids wear segment is projected to grow at a CAGR of 10% for the next few years. Even within kids wear, girl's ethnic wear is enthralling and the market is two and a half times the size of the boy's ethnic market. While the market for men, is expected to grow at a CAGR of 8.5%, and will largely be within the high fashion segment that is heavily guided by occasion based purchases. Manyavar India's most valued and dedicated men's ethnic wear brand has been more aggressive, adding nearly two stores every week on average, and clocking annual sales of 3.73 billion rupees last year.
E-commerce revolution is also changing the game. Consumers are able to purchase popular and branded ethnic wear from the comfort of their home. The growth story has further trickled the tier II and tier III cites. The population in smaller cities and towns now has the option of purchasing online instead of getting them tailored from local shops. The sales of Indian ethnic garments have shot up more than 70 per cent. More and more designers of ethnic garments are tapping into this thriving market, especially in the metro cities. According to a company statement, Amazon India is offering over 12,000 styles in a variety of garments, like saris and kurtas from more than 90 brands. The e-commerce giant Flipkart has diversified and initiated 'Flipkart Kaarigar ke Dwar' last year, an online store dedicated to Banarasi saris. This is an effort to educate local Varanasi weavers about online shopping jargon and having e-market space to boost and expand the Banarasi sari sales.
While silk sari retailers from south are going the extra mile to please their tech savvy customers by organizing Skype conference call and taking the shopping experience of heavy Kanjeevaram wedding sari to the next level. They are ramping up their websites, offering an extensive range of saris and they also email high resolution pictures of Kanjeevaram saris as per customer's need. Sari rank fourth amongst the top sold products online. There is no doubt that India is a mine for saris and different states offer special and unique saris to the audience.