Archive · 9 Jan 2026
Gems and Jewellery Exports Have $38 bn Untapped Potential
India's gems and jewellery exports have a big chance to grow.
Right now, they could make $38 billion more if they sell different kinds of jewellery like lightweight gold, smart jewellery, and fake jewellery.
They also need to sell to more countries like Singapore, Vietnam, and Russia.
Right now, most of their sales go to the US, UAE, and Hong Kong.
By 2030, they could make $75 billion if they do this.
They should also make jewellery that young people like, such as daily-wear jewellery and smart jewellery with electronics in them.
This could help them sell more and make more money.
India's gems and jewellery exports have an untapped potential of $38 billion.
By diversifying into high value-added segments, exports could reach $75 billion by 2030.
Major export markets are the US, UAE, and Hong Kong, but emerging markets like Singapore, Vietnam, and Russia offer untapped potential.
The industry should focus on premium designs, high-quality jewellery, and products catering to millennials and Gen Z.
Emerging segments include lightweight gold jewellery, luxury smart jewellery, and imitation jewellery.
- Who
- India's gems and jewellery exporters
- What
- Untapped export potential of $38 billion
- When
- Projected to reach $75 billion by 2030
- Where
- Major markets include US, UAE, Hong Kong; emerging markets include Singapore, Vietnam, Thailand, Botswana, Russia, Sri Lanka
- Why
- To diversify into high value-added product segments and explore new markets
- Untapped Potential
- $38 billion
- Projected Export Revenue by 2030
- $75 billion
- Major Export Markets
- US, UAE, Hong Kong
- Emerging Markets
- Singapore, Vietnam, Thailand, Botswana, Russia, Sri Lanka
- High Value-Added Segments
- Lightweight gold jewellery, luxury smart jewellery, imitation jewellery
- Global Luxury Smart Jewellery Market CAGR
- 18.9% (2030)
- Global Imitation Jewellery Exports (2024)
- $10.3 billion
- India's Share in Global Imitation Jewellery Exports
- 1.4%