Indian gems and jewelry market is the fastest growing jewelrymarket with annual rate of 15%.
Export of over US$15.5billion; 18% of Indian exports .
India is the largest consumer of gold jewelry in the world for about20%
India is the largest diamond cutting & polishing centre of the world.
Third largest consumer of polished diamonds after the US & Japan.
Account for 60% value share, 82% by carats, 95% of the worldmarket by number of pieces.
Provide employment to 1.5 million workers.
ut of 12 diamonds 11 diamonds are polished in India.