1 hr ago
India’s Gold Sector Gears Up for $100 Billion Jewellery Exports
India’s jewellery industry wants to sell much more jewellery to other countries.
Industry leaders said exports could eventually reach $100 billion.
Countries that have trade agreements with India buy more than $55 billion of jewellery each year, but India currently supplies about $8 billion.
Leaders said this gap creates a big opportunity for Indian businesses.
They also want artisans to receive better training so their work remains competitive.
Higher gold prices are encouraging shoppers to choose lighter and more design-focused jewellery.
These ideas were discussed at a large jewellery trade fair in New Delhi.
The fair brought together businesses showing thousands of jewellery designs.
Industry leaders urged artisan upskilling, stronger FTA use, MSME policy support, and design innovation to expand jewellery exports.
India’s gems and jewellery exports reached $27.72 billion in FY26, with a roadmap targeting $100 billion by 2040.
FTA partner countries import more than $55 billion of jewellery annually, while India’s current share is about $8 billion.
Rising gold prices are encouraging demand for lightweight, design-focused, studded, and value-conscious jewellery.
The Delhi Jewellery & Gem Fair 2026 featured more than 650 exhibitors, 3,000 brands, and 150,000 designs.
- Who
- Indian jewellery manufacturers, exporters, policymakers, artisans, and industry leaders, including Praveen Khandelwal and Sachin Jain.
- What
- The gold and jewellery sector discussed expanding exports toward a $100 billion target and increasing use of FTA markets.
- Where
- Bharat Mandapam in New Delhi, India.
- When
- The Delhi Jewellery & Gem Fair 2026 was held from September 26–28, 2026; remarks were made on September 26.
- Why
- Leaders want to capture more demand in FTA partner markets, improve competitiveness, and add value through skills, innovation, and design.
Key facts
- Current jewellery exports
- $27.72 billion in FY26
- Long-term export ambition
- $100 billion under the 2040 roadmap
- FTA partner market
- FTA partner countries collectively import more than $55 billion of jewellery annually
- India’s current FTA share
- Approximately $8 billion
- Fair participation
- More than 650 exhibitors, 3,000 jewellery brands, and 150,000 designs
- India’s global gold jewellery demand share
- 27% in the second quarter of 2026, according to Informa Markets in India
- Domestic gold potential
- The World Gold Council said 20%–25% of India’s gold consumption could come from domestic mines within five to seven years
Quotes
Ministry of Commerce and Industry
Indian government ministry discussing FTA jewellery-market opportunities.
“India’s current share stands at $8 billion — pointing to substantial headroom for growth. Rajasthan, which accounts for 97 percent of India’s coloured gemstone exports and has a strong presence in silver and imitation jewellery, is uniquely placed to capture this opportunity.”
livemint.com
“As we work towards the government’s 2030 export ambitions, the industry must strengthen the journey from ‘Vocal for Local’ to ‘Local to Global’ through investment, skill development and greater value addition.”
livemint.com
Sources
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