Exports

Gem and Jewellery Export

Gem and Jewellery Export

Last Updated: August, 2015

Introduction

Since time immemorial, India has been a connoisseur of precious stones and beautiful ornaments. Trade secrets have been handed down generations, ensuring continuity of a traditional craft. It comes as no surprise then, that India is today the world's largest diamond cutting and polishing centre.

Keeping up with the Times

To its traditional know how, India has been adding modern techniques that are more in tune with trends in the world market. Several well-organised polishing units have been established to improve productivity and to meet growing international demand. Moreover, moving ahead from processing small-sized and rough diamonds, the industry has acquired the additional skills required to cut and polish large pieces as well.

Spotlight on Exports

India is the world's preferred country for gems and jewellery export.

  • Indian gems and jewellery are exported across continents.
  • In FY 2013–14, the Indian gems and jewellery sector contributed around US$ 34,993 million to India's foreign exchange earnings.
  • In FY 2013-14, India exported polished and cut diamonds valued at around US$ 19,643 million and coloured gemstones worth around US$ 520 million.
  • The key export destinations for Indian gems and jewellery in 2013-14 were UAE with 35 per cent of export valued at US$ 12 billion followed by Hong Kong at 28 per cent with value of US$ 9 billion and USA at 14 per cent with export value of US$ 5 billion.

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.

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

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