Indian Ornament Export

Indian Ornament ExportGroup MembersNAMEROLL NOMRUNALI GHOGALE2109SACHIN GUPTA2111SWAPNIL PAWASKAR2126CHIRAG DEVADIGA2146IntroductionComprises of- 1)Jewellery, 2)Gemstones India's gems and jewellery industry had a market size of Rs 251,000 crore (US$ 40.58 billion)India is deemed to be the hub of the global jewellery market because of its low costs and availability of high-skilled labour.One of the fastest growing segments in the Indian economy with an annual growth rate of approximately 15 percent.India's gems and jewellery market could double in the next 5 Years.Gold jewellery forms around 80% of the Indian jewellery market, with the balance comprising fabricated studded jewellery that includes diamond and gemstone studded jewellery.Countries where demand is increasing for Indian jewellery include the UAE, the US, Russia, Singapore, Hong Kong, Latin America and China.

Major Importing Countries

JewelleryIndia is one of the largest jewellery manufacturer in the world.Expected to reach Rs 500,000-530,000 crore (US$ 81.61-86.51 billion) by 2018In the last decade, 75 per cent ofgold demand in Indiahas taken the form of jewellery.Consumes nearly 800 tonnes of gold that accounts for 20 percent of world gold consumption, of which nearly 600 tonnes go into making jewelleryThe industry contributes about 7% of India's GDP, employs millions, and is a major source of its foreign exchange earnings.

Gemstones DIAMONDSIndia is world's largest most technologically advanced cutting and polishing centre for diamondsIndia exports 95% of the worlds diamondsConsidered to be diamond polishing and processing capital of the world11 out of 12 diamond (stones) set in jewelry are cut and polished in India.Most of the diamond processing is undertaken in Gujarat(Surat, Bhavnagar, Ahmadabad and Bhuj) and Rajasthan (Jaipur)

GemstonesCOLOURED GEMSTONESMaharashtra, Madhya Pradesh, Orissa, Chhattisgarh, Bihar and Andhra Pradesh are considered to have a good amount of gemstone reserves.Around 50 banks providing nearly USD 3 billion of credit to the Indian gemstone industry.Orissa has deposits of ruby and has about 20 varieties of various gemstones such as rhodoline, garnet, aquamarine, etc.

Major Ports

Overall Ornament Export

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