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 world markets. 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.
Shining new Opportunities
A liberalised India, the growing purchasing power of the consumer and rising demand for innovative, lightweight designs are some of the factors that have led to the steady growth of the Indian gems and jewellery sector. Moreover, with the advent of branded jewellery stores, international standards and certifications have been introduced in the domestic market, proving to be major drivers for consumers.
The Indian gems and jewellery industry is today estimated to have 0.4 million retailers and 0.85 million goldsmiths. India is the world's largest consumer of gold, with nearly 20 per cent of global consumption, consuming 850 tonnes per annum.
Major Trade Fairs
- India International Jewellery Week, August 19-23, 2012, Mumbai, Maharashtra
- India International Jewellery Show Signature, February 22-25, 2013, Mumbai, Maharashtra
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 excercises.
Office No. AW 1010, Tower A
G Block, Bharat Diamond Bourse
Bandra - Kurla Complex
Bandra – East, Mumbai
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