Exports

Gem and Jewellery Export

Gem and Jewellery Export

Last Updated: July, 2014

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 US$ 34,746.90 million to India's foreign exchange earnings
  • Polished diamond export registered an increase of 12.64 per cent at US$ 19 billion and that the import of rough diamond also registered an increase of 11.98 per cent at US$ 16 billion in 2013-14 compared to same period in previous year
  • The key export destinations for Indian gems and jewellery in 2013-14 were UAE with 35 per cent of export valued at $12 billion followed by Hong Kong at 28 per cent with value of US$ nine billion and USA at 14 per cent with export value of US$ five 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.

Gems and jewellery exports reached US$ 39,033 million in 2012-13.

Source:
Gems and Jewellery Export Promotion Council (GJEPC)

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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