The gems and jewelry sector in India is one of the largest
in the world. It contributes to around 29% of the global jewelry consumption.
The industry plays a significant role in the Indian economy, being one of the
major contributors to total foreign exchange reserves in the in the
country. It is a true example of the Make in India initiative and
contributes around 7% of GDP and 15% of the merchandise exports.
The sector is highly labour intensive and employs around
4.64 million workers at present. India is also a major importer of gems and
jewellery. The net import of gems and jewellery in the month of February 2019
stood at USD 2173.02 million, up from USD 1712.63 million in January 2019. On
the other hand, exports stood at USD 3068.26 million in February 2019, up from
USD 3031.24 million in the preceding month.
Thank you sponsors!
ICC Diamond Conclave 2.0 was successfully organized on
the theme “India Shining for Global Stage” on 30th August 2025 at
Kolkata.
We extend our heartfelt thanks and deep gratitude to all our sponsors
for their unwavering support and valuable contribution towards making the
conclave a grand success.
