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https://www.ibef.org/pages/34202
Nov 30, 2020 · India's gems and jewellery industry is a bright star of the economy, and one of the important foundations of the country's export-led growth. The consumption of gold and jewellery products in India has grown rapidly over the years at the rate of 10-15 per cent per annum and today, the domestic Indian market is estimated to be over US$ 30 billion.
https://www.ibef.org/industry/gems-and-jewellery-presentation
India’s gems and jewellery export sector—which is one of the largest in the world—contributed ~27% to the global jewellery consumption in 2019. Market size of the global gems and jewellery sector is likely to expand to US$ 103.06 billion between 2019 and 2023. India’s gems and jewellery exports are expected to reach US$ 100 billion by 2025.
https://www.academia.edu/38475837/A_study_on_Jewelry_and_gem_industry_in_India
The jewellery and gem industry in India operates at all levels starting from mining to sourcing, processing, designing, cutting and polishing. This includes gold, gemstones and precious metals. In gold, India is the second largest consumer. Over 20% of the global gold consumption is done by India.Estimated Reading Time: 12 mins
https://www.techsciresearch.com/report/india-gems-and-jewelry-market/4057.html
Major players operating in India gems and jewelry market are expanding their product portfolio and are customizing jewelry as per consumer demand. Malabar Gold Private Limited, Titan Company Limited, Kalyan Jewellers India Private Limited, PC Jewellers Limited and Gitanjali Gems Limited are few of the leading market players.
https://www.ibef.org/download/Gems-and-Jewellery-February2021.pdf
Gems and jewellery industry related to duties and taxes In Union Budget 2021-22, the government announced reduction on import duty for precious metals (including gold and silver) to 7.5%, from 12%, that will help the gems and jewellry exports market in India become globally competitive.
https://www.slideshare.net/10rahulcc/gems-and-jewellery-industry-in-india
Mar 29, 2016 · Gems and Jewellery Industry in India. The Gems and Jewellery sector plays a significant role in the Indian economy, contributing around 6-7 per cent of the country’s GDP. One of the fastest growing sectors, it is extremely export oriented and labour intensive.
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