Gems and Jewellery Industry in India

India's gems and jewellery market contributed around 7% to GDP and 10-12% share in the total merchandise exports.

Advantage India

Growing
Demand

*India’s gems and jewellery exports reached US$ 39.14 billion in 2021-22, a 54.13% rise from the previous year.

*India ranks first among the top exporters in cut & polished diamonds, and second in gold jewellery, silver jewellery and lab-grown diamonds.

Growing Demand

Increasing
Investments

*Cumulative FDI inflows in diamond and gold ornaments stood at US$ 1,213.05 million between April 2000-March 2022.

*In September 2021, Malbar Group invested Rs. 750 crore (US$ 100 million) in a gold refinery and jewellery unit in Hyderabad.

Increasing Investments

Policy
support

*India has signed an FTA with the UAE which will further boost exports and is expected to reach the target of US$ 52 billion.

*The Government has reduced custom duty on cut and polished diamond and colored gemstones from 7.5% to 5% and NIL. 

Policy Support

Attractive
Opportunities

* India’s gold demand stood at 797.30 tonnes in 2021 and is expected to be in a range of 800-850 tonnes by 2022.

* In the fourth quarter of 2021 demand for gold rose by 93% YoY to 265 tonnes.

Attractive Opportunities
Last updated: Oct, 2022

Major Hubs for Gems and Jewellery

  • Surat
  • Mumbai
  • Jaipur
  • Thrichor
  • Nellore
  • Delhi
  • Hyderabad
  • Kolkata

Posters

MORE
CHASING THE SPARKLE

CHASING THE SPARKLE

India is the world's largest consumer of diamonds.

IBEF Campaigns

MORE
India Organic Biofach 2022

India Organic Biofach 2022

Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nurember...

10th India Trend Fair 2022

10th India Trend Fair 2022

The Tenth Edition of the India Trend Fair, Tokyo, Japan is being organised ...

Case Studies

MORE

India's Food Processing Industry

India's Food Processing Industry

The Indian food processing industry is among the largest in the nation in terms of growth, production, consumption and exports. The industry produces ...

India's Artificial Intelligence Revolution

India's Artificial Intelligence Revolution

Technological advancements have revolutionised the industry and businesses in the past few years, thus influencing the production process and supply c...

India's Infrastructure Ambitions

India's Infrastructure Ambitions

India is one of the world's fastest-growing economies, and infrastructure will play a massive role in helping the country take a huge development ...

IBEF BLOG

MORE
Growing Prospects of India's Chemical Industry
2 Dec 2022

Growing Prospects of India's Chemical Industry

Chemical industry in India The chemical industry is both a knowledge- and ...

Rising Focus on Cybersecurity in India
25 Nov 2022

Rising Focus on Cybersecurity in India

Introduction Artificial intelligence (AI), quantum computing, 5G, Internet...

India's Flourishing Credit Ecosystem
18 Nov 2022

India's Flourishing Credit Ecosystem

Introduction One of the foundational elements of a modern, expanding, and ...

Partners
Loading...