Gems and Jewellery Items Exports From India
The Indian Gems and Jewellery sector is one of the largest in the world, contributing around 29 per cent to the global jewellery consumption. The sector employs over 4.64 million employees and is home to over 300,000 gems and jewellery players. The sector contributes 7 per cent to the Gross Domestic Product (GDP) of the country. India’s exports of cut and polished diamonds, gold jewellery and gemstones are forecasted to grow around 10 per cent year-on-year in 2018-19 according to Gems and Jewellery Export Promotion Council (GJEPC).
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.