Last updated: July 22, 2022
- overview
- strengths
- policies
- agencies
India’s overall exports of gems grew at 69.13% YoY to US$ 32.37 billion in January 2022
7.5%
Contribution to GDP
14%
Contribution to total merchandise exports
8.23 mn
people hired in this sector
100%
FDI in the sector under the automatic route
US$ 78.50 bn
market size
US$ 32.37 bn
Overall exports of gems
US$ 70 billion
Projected valuation of jewellery export
US$ 1,194.00 mn
Cumulative FDI inflows in diamond and gold ornaments between April 2000 and June 2021
FTA
Signed between India and UAE
7.5%
Import duty for Gold & Silver
Revised SEZ Act
Expected to boost exports of gems and jewellery
Gem & Jewellery Export Promotion Council
91 22 26544600
The GJEPC is the apex body of the gems & jewellery industry, representing almost 6,000 exporters in the sector.
Gemological Institute of America
+91 22 4085 1500
GIA has been serving the Indian gem & jewellery industry since 2004.
Bharat Diamond Bourse
+91 22 3392 1500
With over 4,000 members engaged in import and export, BDB is engaged in manufacturing and marketing of rough and polished diamonds.
Bureau of Indian Standards
23232171
The Product Certification Schemes of BIS aims at providing third party assurance of quality, safety and reliability of products to the customer.
Federation of Indian Export Organisations
+91-11-46042222, 26150101-04
