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https://www.ibef.org/industry/gems-jewellery-india.aspx
Introduction. As of January 2021, India’s gold and diamond trade contributed ~7.5% to India’s Gross Domestic Product (GDP) and 14% to India’s total merchandise exports. The gem and jewellery sector is likely to employ ~8.23 million persons by 2022, from ~5 million in 2020. Based on its potential for growth and value addition, the Government declared gems and jewellery sector …
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.techsciresearch.com/report/india-gems-and-jewelry-market/4057.html
In terms of type, India gems and jewelry market has been categorized into gold, diamond in gold, gemstones, diamond, silver and others. Of these categories, gold jewelry accounted for the highest revenue share in India gems and jewelry market in 2018.
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
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