India's Gems and Jewellery Sector
Economic Significance
India's gems and jewellery sector is one of the largest in the world, contributing significantly to exports, employment, and GDP. India processes approximately 14 out of every 15 diamonds in the world, with Surat being the global hub for diamond cutting and polishing. The sector is a major foreign exchange earner and one of the fastest-growing export sectors.
- Sector contribution: ~7% of India's GDP (directly and indirectly) and ~15% of merchandise exports
- Employment: Over 5 million workers, predominantly in Surat (diamonds), Mumbai (gold jewellery), and Jaipur (gemstones)
- India processes ~90% of the world's diamonds by volume
- Major export destinations: UAE, USA, Hong Kong, Belgium, and Israel
- Gems and Jewellery Export Promotion Council (GJEPC) is the apex body for the sector
- FY25 exports: $29.85 billion (lowest since FY11, excluding pandemic year)
● Tracked since March 03, 2026 · last seen April 15, 2026 · updates as the daily brief publishes
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