The Indian Gems and Jewellery sector is one of the shining stars of the Indian economy, contributing around 7% of the country’s GDP and 15% to India’s total merchandise exports.
The Indian Gems and Jewellery sector is one of the largest in the world, contributing around 29% to the global Jewellery consumption.
India is second largest consumer of gold.
The sector employs over 4.64 million employees and is home to over 300,000 Gems and Jewellery players.
India is deemed to be the hub of the global Jewellery market because of its low costs and availability of high-skilled labor.
India’s exports of cut and polished diamonds, gold Jewellery and gemstones are forecasted to grow around 10% year-on-year in FY19 according to Gems and Jewellery Export Promotion Council (GJEPC).
Moreover, India exports 75% of the world’s polished diamonds.
Indians have always been connoisseurs of precious stones and ornaments.
Trade secrets of the Jewellery business have been handed down over generations, ensuring continuity of traditional craft.
Thus, India is today the world’s largest diamond cutting and polishing center.
India has been adding modern techniques to its traditional know how that are more in tune with global market trends.
India is the most preferred country in terms of Gems and Jewellery export.
The facts listed below give us an idea of India’s position on the global Gems and Jewellery export map.
Indian Gems and Jewellery are exported across continents.
India’s diamond exports ranked second in the world valued at US$ 23.82 billion in FY19.
In 2018-19, the net exports of Gems and Jewellery stood at US$ 30.96 billion India’s top export destinations for Gems and Jewellery are U.S, Europe, Japan and China.
US account for nearly one-fourth of the country's total Gems and Jewellery exports.
During April-November 2019, India exported US$ 13.41 billion worth of cut and polished diamonds, Gold Jewellery exports stood at US$ 8.52 billion
The Gem and Jewellery Export Promotion Council (GJEPC) undertakes direct promotional activities, including joint participation in international Jewellery shows, sending and hosting trade delegations, and sustained image-building exercises.
In 2019, Government of India launched Domestic council for Gems & Jewellery sector to bring all the segments of the industry under one umbrella.
Our Gems & Jewellery are designed exclusively keeping the needs and preferences of customers in mind. We follow the track of current market development and offering an excellent range of products which meets the client's demand.
We are having transparency in our business dealings with fair business policies and utmost quality range products which enable us to achieve revoked position in the market under the guidance of our team members.
We are Exporting our products to USA, Canada, Europe, Middle East, Australia & many more countries.
