1 week ago
Innovation and Global Branding Seen Driving $100 Billion Jewellery Exports
India wants to sell much more jewellery to other countries.
Commerce Secretary Rajesh Agarwal said exports could grow to $100 billion by 2040.
They were valued at $28 billion in 2025-26.
He said India’s advantage is its skilled craftspeople, not its supply of gold or diamonds.
He wants companies to focus more on creative designs, new technology and strong global brands.
Artificial intelligence and 3D printing could help make different kinds of jewellery.
Indian history and culture could also inspire new designs.
A meeting discussed ways to reach more markets, help smaller businesses and improve workers’ skills.
Commerce Secretary Rajesh Agarwal said India could reach $100 billion in gems and jewellery exports by 2040.
Gems and jewellery exports stood at $28 billion in 2025-26.
The sector is projected to contribute 1.2% of India’s GDP and 14% of merchandise exports by 2040.
Agarwal urged greater investment in design, innovation, branding, skills, artificial intelligence and 3D printing.
A sector Chintan Shivir focused on global market access, MSME scale-up, trade facilitation and skill development.
- Who
- Commerce Secretary Rajesh Agarwal and exporters from India’s gems and jewellery sector.
- What
- Agarwal outlined how innovation, design, branding, skills and technology could help raise gems and jewellery exports to $100 billion.
- Where
- At a Chintan Shivir in India.
- When
- The remarks were made on Wednesday; exports stood at $28 billion in 2025-26, with the target set for 2040.
- Why
- To build a stronger, more innovative and trusted gems and jewellery ecosystem and expand global exports.
Key facts
- Export target
- $100 billion in gems and jewellery exports by 2040
- Exports in 2025-26
- $28 billion
- Projected GDP contribution
- 1.2% by 2040
- Projected merchandise-export share
- 14% by 2040
- Priority technologies
- Artificial intelligence and 3D printing
- Sector priorities
- Global market access, MSME scale-up, export-import fast-track and skill development
Sources
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