India is the world’s largest centre for cut and polished diamonds and exports 75% of the world’s polished diamonds. 14 out of the 15 diamonds sold in the world are either polished or cut in India.
The diamond workforce consists of talented craftsmen who are trained in superior practices of cutting and polishing fine diamonds and precious stones. The exports of cut and polished diamonds, gold jewellery and silver jewellery have registered a growth of 10.2%, 1.9% and 35.9% respectively.
A Special Notified Zone (SNZ) was set up at Bharat Diamond Bourse in Mumbai in 2015 to ensure the regular availability of the direct supply of rough diamonds in the country.
Embellished by multiple factors like rapid innovation, rising income levels and strong institutional support, India’s Gems & Jewellery Industry stares at a dazzling future, the glimpse of which may be caught at the World Expo 2020, Dubai.