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

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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

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GIA has been serving the Indian gem & jewellery industry since 2004.

Bharat Diamond Bourse

+91 22 3392 1500

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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

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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

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The Federation of Indian Export Organisations represents the Indian entrepreneurs spirit of enterprise in the global market.

investment opportunities

  • Gems & Jewellery employs over 4.6m workers and is expected to employ 8.2m by 2022.
  • Investment in setting up gems and jewellery parks to expand participation in value chain.
  • Expansion of capacity from processing gems to designing and making jewellery items.
  • Opportunities in commercialisation of India's traditional jewelry designs and techniques.

key investors

India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments

ENABLING ENVIRONMENT

India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments

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