Gem and Jewellery Export

Last Updated: August, 2015

Introduction

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. Several well-organised polishing units have been established to improve productivity and meet growing international demand.

SPOTLIGHT ON EXPORTS

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.

  • Gems and jewellery exports reached US$ 36.2 million in 2014–15. The industry grew 4.3 per cent, with exports worth US$ 36.2 billion in 2014–15 compared with US$ 29.4 billion in 2009–10.
  • In 2014–15, the UAE was the destination for 29.6 per cent of gems and jewellery exports from India valued at US$ 12.3 billion, followed by Hong Kong (29.4 per cent or US$ 12.2 billion) and the US (20.3 per cent or US$ 8.4 billion).
  • In 2014–15, export of cut and polished diamonds declined 5.0 per cent to US$ 23.2 billion.
  • During April–November 2014, gems and jewellery accounted for around 20.9 per cent of the country’s total exports.
  • Gems and jewellery exports could reach US$ 58 billion by 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.

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

x IBEF : India Brand Equity Foundation