Gems & Jewellery

Gems & Jewellery

India’s gems and jewellery industry is considered as one of the largest sectors contributing around 29% to the global jewellery consumption. The total export of jewellery in FY21 was USD 25.30 billion and is aiming to reach USD 80 billion over the next five years. The industry is likely to employ 8.23 million people by the end of 2022 a marked increase from 5 million in 2020. The top destinations to which gems and jewellery are being exported include the USA, Hong Kong, UAE, Belgium and Israel.
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