The Indian jewelry industry generated up to US$ 35 billion of revenue from exports in 2015. The UAE, US, Russia, Singapore, Hong Kong, Latin America and China are the biggest importers of Indian Jewelry.
The overall gross exports of Gems & Jewelry in December 2015 stood at US$ 2.06 billion, whereas exports of cut and polished diamonds stood at US$ 1.20 billion. Exports of gold coins and medallions stood at US$ 23.19 million and silver Jewelry export stood at US$ 147.33 million in December 2015. The overall gross imports of Gems & Jewelry in December 2015 stood at US$ 2.23 billion.
According to a report, the Jewelry market in India is expected to grow at a Compound Annual Growth Rate (CAGR) of 15.95 per cent over the period 2014-2019. The cumulative Foreign Direct Investment (FDI) inflows in diamond and gold ornaments in the period April 2000-December 2015 were US$ 751.37 million, according to the Department of Industrial Policy and Promotion (DIPP).
During April-December 2015, India imported US$ 17.33 billion worth of raw material for gems and Jewelry. With an 8 per cent share in polished diamonds, India has become the world's third largest diamond consumer.