India's gems & jewellery market size is expected to reach US$ 100 billion by 2025. The Gems and Jewellery sector plays a significant role in the Indian economy, contributing around 7 per cent of the country’s GDP and 15 per cent to India’s total merchandise exports. It also employs over 4.64 million workers and is expected to employ more than 8.23 million by year 2022.
India exports 75 per cent of the world’s polished diamonds, as per statistics from the Gems and Jewellery Export promotion Council (GJEPC). India's Gems and Jewellery sector has been contributing in a big way to the country's foreign exchange earnings (FEEs). Gold demand in India rose to 523.93 tonnes between January to September 2018.
The gems and jewellery market in India is home to more than 300,000 players, with the majority being small players. Its market size is about US$ 75 billion as of 2018 . It contributes 29 per cent to the global jewellery consumption.
The cumulative Foreign Direct Investment (FDI) inflows in diamond and gold ornaments in the period April 2000 – December 2018 were US$ 1.15 billion, according to Department for Promotion of Industry and Internal Trade (DPIIT).
Net Gems and Jewellery exports from India for 2018 stood at US$ 40.98 billion.Net Gems and Jewellery exports from India for 2018 stood at US$ 40.98 billion. Gold jewellery shipments went up about 11 per cent to $9.67 billion in 2018.