The Indian diamond industry is the world leader in cut and polished diamonds, exporting USD 23 billion annually. 14 out of 15 diamonds set in jewellery worldwide are processed in India. India exports diamond and diamond studded jewellery to the entire world, including the United States, Europe, the Middle East, Asia and more.
Under the able leadership of Ministry of Commerce and Industry, the industry has grown leaps and bounds over the last many years. Today with continued support, guidance and pragmatic trade-friendly policies by the Government, India has attained leadership position in several gem and jewellery verticals globally. The gem and jewellery exports account a staggering 10% to overall merchandise exports from the country. It is worth noting that the industry consists of more than 85% MSME players, further highlighting its importance to the country's economy.
This story is from the April 2023 edition of The Art of Jewellery.
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This story is from the April 2023 edition of The Art of Jewellery.
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