Trade Analytics

Gem and Jewellery Export

Last Updated: November, 2016

Introduction

The Indian Gems and Jewellery (G&J) sector is one of the largest in the world, contributing around 29 per cent to the global jewellery consumption. The sector provides employment to over 2.5 million and is home to over 300,000 gems and jewellery players.

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 centre. India has been adding modern techniques to its traditional know how that are more in tune with global market trends.

Key highlights

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.

  • Net G&J exports from India stood at US$ 17.8 billion in April-September 2016 (year-on-year growth of 14.4 per cent).
  • Over April-September 2016, exports of cut and polished diamonds registered a growth of 10.7 per cent; gold jewellery registered a growth of 20.6 per cent, while silver jewellery registered a growth of 38.8 per cent.
  • India exports over 95 per cent of the world’s processed diamonds.
  • India is the world’s largest gold consumer, and third largest diamond consumer, accounting for 29 per cent share and 8 per cent share respectively, of the total global consumption.
  • The domestic G&J market is expected to grow at a rate of compound annual growth rate (CAGR) of 13 per cent to US$ 80-85 billion mark by 2018, from US$ 50 billion in 2015.

GEM AND JEWELLERY EXPORT PROMOTION COUNCIL

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.

The domestic Gems and Jewellery market is expected to grow at a rate of compound annual growth rate (CAGR) of 13 per cent to US$ 80-85 billion mark by 2018

Source: :
The Gem & Jewellery Export Promotion Council

During FY 2014-15, Net exports for Gems and Jewellery increased 4 per cent to reach US$36.2 billion.

Source :
The Gem & Jewellery Export Promotion Council

GEMS AND JEWELLERY E-BROCHURE

Other Export Promotion Councils:

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

Gems and Jewellery

Office No. AW 1010, Tower A
G Block, Bharat Diamond Bourse,
Bandra - Kurla Complex
Bandra – East, Mumbai
Maharashtra
India

Tel.:+91-22-26544600
Fax: +91-22-26524764
Email: ho@gjepcindia.com
Website: www.gjepc.org

During FY 2014-15, Net exports for Gems and Jewellery increased 4 per cent to reach US$36.2 billion.

Source :
The Gem & Jewellery Export Promotion Council

Exports

Gem and Jewellery Export