Home / Knowledge / News / Fashion / FICCI Study: India tops in processing & exporting of diamonds
FICCI Study: India tops in processing & exporting of diamonds
Jun '08
Indian Gems and Jewellery sector is undergoing a transformation from a largely unorganised sector to a more organised one.

While the family owned jewellery store remains the predominant retail format, new formats such as boutiques, supermarkets and gold souks are emerging for jewellery retail.

Indian customers are displaying growing preference for quality, designs and branding. The emerging jewellery retailing sector can offer long term benefits to organised players investing in this area.

Size of the Indian market:
The two major segments of the Gems and Jewellery sector in India are gold jewellery and diamonds.

Gold jewellery forms around 80 per cent of the Indian jewellery market, with the balance comprising fabricated studded jewellery that includes diamonds as well as gemstone studded jewellery.

India occupies top position in importing, processing and exporting diamonds. It accounts for nearly 55% of the world's net exports of cut and polished diamonds in value terms, 90% in terms of pieces and 80% in terms of carats.

India now processes 85% of the world's polished diamonds, far ahead of other competitors. Every 11 of 12 diamonds sold around the globe are processed in India regardless of where these are mined.

Gold Jewellery:
India consumes nearly 800 tonnes of gold accounting for about 20 per cent of the world gold consumption, of which nearly 600 tonnes goes into making jewellery.

The Indian jewellery market, estimated to be US$ 13.5 billion in fiscal 2006-07, accounts for 8.3 per cent of world jewellery sales.

The Gems and Jewellery sector in India provides employment to 1.3 million people directly and indirectly.

Click here to view more:

Federation of Indian Chambers of Commerce and Industry

Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search