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India exported 75 per cent of the world’s polished diamonds in 2017.

Growth of Gems and Jewellery Industry in India - Infographic

Latest update: July, 2018

  • UAE, US, Russia, Singapore, Hong Kong, Latin America and China are the biggest importers of Indian jewellery.
  • Net exports of gems and jewellery from India rose at a compound annual growth rate (CAGR) of 7.06 per cent between FY05 and FY17.
  • The net exports rose from US$ 15.66 billion in FY2004-05 to US$ 35.51 billion in FY 2016-17
  • US, Hong Kong and UAE accounted for 75 per cent of the total gems and jewellery exports from India during FY 2016-17.
  • The exports stood at US$ 30.67 billion between April 2017-February 2018.
  • Exports of gold coins and medallions stood at US$ 1,899.82 million and silver jewellery export stood at US$ 3,332.95 million during April 2017-February 2018.
Growth

Notes: * - Data from April-February 2018, CAGR – Compound Annual Growth Rate till FY 2017
Source: GJEPC, Media sources

  • India’s exports 93 per cent of its cut and polished diamonds produced.
  • India exports 75 per cent of the world’s polished diamonds.
  • India’s exports of cut and polished diamonds rose from US$ 11.16 billion in FY2004-05 to US$ 22.78 billion in FY 2016-17, thereby registering a compound annual growth rate (CAGR) of 6.13 per cent.
  • India exported US$ 21.71 billion worth of cut and polished diamonds between April 2017-February 2018.
  • An international diamond exchange will be set up in Surat in the next 36 months at a cost of Rs 2,400 crore (US$ 369.1 million). This will enable the fragmented and unorganised diamond polishing and trading industry to organise itself at one place.
  • The Indian Commodity Exchange (ICEX), backed by the Anil Ambani Group has launched the first ever futures contract for diamonds in the world, to create many new opportunities for diamond players.
Growth

Notes: * - Data from April-February 2018, CAGR – Compound Annual Growth Rate till FY 2017
Source: GJEPC

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