Growth of Gems and Jewellery Industry in India - Infographic

India’s gems & jewellery exports are expected to reach US$ 100 billion by 2027.

Advantage India

Growing
Demand

* In July 2025, Indian gold ETF AUM reached Rs. 64,523 crore (US$ 7.5 billion) an 88% YoY increase, reflecting growing demand among retail investors.

* Total gold holding reached 66.7 tonnes, with two tonnes added in June 2025 and nine tonnes in H1 2025.

Increasing
Investments

* RBI’s gold purchases reached 57.5 tonnes in FY25 and was the second highest purchase in seven years from December 2017.

* Malabar Gold & Diamonds has opened its largest jewellery manufacturing facility in Hyderabad with an investment of Rs. 1,000 crore (US$ 116 million).

* Cumulative FDI inflows in diamond and gold ornaments in India stood at Rs. 12,337 crore (US$ 1,434 million) between April 2000-March 2025.

Policy
Support

* The Government has permitted 100% FDI under the automatic route in this sector.

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

* India has signed Economic Cooperation and Trade Agreement (ECTA) with Australia.

* The India-UK Free Trade Agreement is expected to more than double India's gems and jewellery exports to the UK, reaching Rs. 21,183 crore (US$ 2.5 billion) within the next two years.

Attractive
Opportunities

*India’s gold demand stood at 135 tonnes in Q2 2025 with full year forecast ranging between 600 to 700 tonnes, displaying opportunities for the sector to tap into the growing demand.