GEMS AND
JEWELLERY
SECTOR
Source: www.gjepc.com
Gems and Jewellery Sector in India
The domestic market is estimated to be around US$ 16.1 billion and the
All India Gems and Jewellery Trade Federation, a nodal agency
representing 300,000 jewellers across the country, expects it to grow to
US$ 25.2 billion in two to three years.
The country is also the largest consumer of gold in the world. It consumes
nearly 800 tonnes of gold that accounts for 20 per cent of world gold
consumption, of which nearly 600 tonnes go into making jewellery.
India is also emerging as the world's largest trading centre for gold
targeting US$ 16 billion by 2010. The industry has the best skilled
manpower for designing and producing high volumes of exquisite
jewellery at low labour costs.
4% of the global Gems and Jewelery market .
COMPETITION AREA
BETWEEN 2003-2007
FIG IN US$ MILLION
ITEMS 2002-03 2003-04 2004-05 2005-06 2006-07
Pearls 3 3 4 4 3
Synthetic Stones 2 2 1 1 1
Exports to Rough
157 142 241 536 358
Diamonds
www.gjepc.org
www.dgft.delhi.nic.in
www.eximpolicy.com
PRESENTORS