Business

India’s gems, jewellery exports have room to grow

By Sohail Khan 30 September 2026, 6:27 pm

Benchmarks
Nifty22,620.45-95.75

FEATURED FUNDS★★★★★

Motilal Oswal Midcap Fund Direct-Growth

5Y Return
20.13 %

Invest Now

Enter search text:

Business News›Industry›Cons. Products›Fashion / Cosmetics / Jewellery›India’s 8% global gems, jewellery share has room to grow

Read Today's Paper

India’s 8% global gems, jewellery share has room to grow
Synopsis

India's gems and jewellery sector currently accounts for 8% of global exports but can expand into new product categories. NITI Aayog's Pravakar Sahoo emphasized the need for greater value addition and improved global market presence. Collective efforts are essential among industry players, government, and consumers to ensure competitive growth in the sector. Enhanced transparency regarding diamonds can improve trust and boost consumer confidence in India.

Gems and jewellery exports gold — India’s jewellery industry looks to expand through design, branding and value addition

India accounts for 8% of global gems and jewellery exports, excluding raw gold, but has immense scope to expand its presence beyond diamonds and jewellery, NITI Aayog Program Director Pravakar Sahoo said.

Addressing an inaugural session of the Gems & Jewellery Conference 2026 – India's Jewellery Moment: From Craft to Commerce, Innovation to Impact, he said, India has built significant strength in diamonds and jewellery, however, "there is considerable scope to expand into other product categories and strengthen its share in global markets through value creation, better design, branding and market diversification."

"India's gems and jewellery sector must move towards greater value addition, design, diversification and stronger global market positioning to unlock its next phase of growth," he added.

G R Anand Ananthapadmanabhan, chairman of the CII Gems & Jewellery Taskforce and managing director of GRT Group, called for collective efforts by industry, government and consumers to strengthen India's position in the global jewellery market.

Also Read | Gems, jewellery exporters rush to beat new US tariff deadline

Sandeep Kohli, Co-Chairman, CII Gems & Jewellery Taskforce and CEO, Novel Jewels (Aditya Birla Group Jewellery Division), said "India's next phase of growth must focus on moving from scale to value, manufacturing to design, and OEM capabilities towards ODM and global brands."

Emma Wade-Smith OBE, Senior Vice President, Government Affairs and Industry Relations at De Beers Group, stressed that "trust starts with transparency", calling for clear and consistent information on natural and laboratory-grown diamonds. She said stronger standards, technology and traceability could boost consumer confidence and India's position in the global diamond industry.

Add as a Reliable and Trusted News Source
Add Now!

(You can now subscribe to our WhatsApp channel)

(Catch all the Business News, Breaking News and Latest News Updates on The .)

…moreless

(You can now subscribe to our WhatsApp channel)

Read More News on
India gems and jewellery exportsNITI Aayogdiamond market growthglobal gems and jewellery marketjewellery design innovationconsumer trust in diamondsgems and jewellery industry challengesmanufacturing to design shiftvalue addition in jewelleryCII Gems & Jewellery Taskforce

(Catch all the Business News, Breaking News and Latest News Updates on The .)

…moreless

Enter search text:

Continue reading with one of these options:
Limited Access
Free
Login to get access to some exclusive stories

& personalised newsletters
Login Now

Unlimited Access
Starting @ Rs120/month
Get access to exclusive stories, expert opinions &

in-depth stock reports
Subscribe Now

Unlock Access to All Exclusives with ETPrime FREE TRIAL

15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers

Trial offer expiring in00 : 05 : 00

I'd rather pay ₹2599 now

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Prime Account Detected!

It seems like you're already an ETPrime member with

Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.

Unlock ETPrime's Exclusive Stories Today!

Subscribe to gain powerful insights on business, stock market and industry trends.

Big Price Drop! Flat 40% Off

Student Only Offer

Already a Member? Sign In now

Already a Member? Sign In now
Already a Member? Sign In now

Offer Exclusively For You

Save up to Rs. 700/-

ON ET PRIME MEMBERSHIP

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get Flat 40% Off

Then ₹ 1749 for 1 year

Avail Offer

Offer Exclusively For You

ET Prime at ₹ 49 for 1 month

Then ₹ 1749 for 1 year

Avail Offer

Special Offer

Get flat 40% off on ETPrime

Avail Offer
Avail Offer

Claim NowAlready a Member? Sign In now

Need Assistance?

Connect with an ETPrime expert for personalized support and guidance

+91 9484700004

' + h3 + '

' + h4 + '

' + listing + '

What’s Included with

ETPrime Membership

1Exclusive Insights That Matter

Uncover the truth with our investigative stories

Make strategic moves using the real-world case studies

Read industry-specific stories to identify emerging trends

Spot opportunities with in-depth insights that matter

Trump temper on H-1B visas is forcing Indians to do these things to stay put in US

What Adani’s US indictment means for India Inc’s overseas fundraising
Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.

Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?
Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?

The problem with lab grown diamonds
Why a falling rupee is a better option for the economy

A list of top 20 momentum stocks that have delivered massive returns in one year