The Indian gem and jewellery market, currently valued at RS. 7, 37, 035 crore (US$ 85 billion), is projected to see substantial growth, reaching RS. 11, 27, 230 crore (US$ 130 billion) by 2030, according to the Gem & Jewellery export Promotion Council (GJEPC). As the apex trade body for the industry, GJEPC aims to further boost this growth through various strategic initiatives.
GJEPC is also focused on expanding its international footprint. Plans are underway for an exhibition in Saudi Arabia in September 2025, Aimed at strengthening trade ties between India and the Gulf Cooperation Council (GCC) region. Additionally, GJEPC has entered into a MoU with DHL express to streamline the global export of Indian-made jewellery, ensuring smoother international trade processes.
GJEPC’s Investment in Global Promotion
Mr. Vipul Shah, Chairman of GJEPC, announced that the organization has invested RS. 150 crore (US$ 17.30 million) for the global promotion of diamonds. To strengthen this effort, GJEPC signed a Memorandum of understanding (MoU) with De beers Group on January 7, 2025, to establish the Indian Natural Diamond Retailer alliance (INDRA). This collaboration seeks to empower Independent Retailer in India with Advanced tools such as artificial intelligence (AI) for personalized campaigns.
Expanding Global Reach
GJEPC is also focused on expanding its international footprint. Plans are underway for an exhibition in Saudi Arabia in September 2025, Aimed at strengthening trade ties between India and the Gulf Cooperation Council (GCC) region. Additionally, GJEPC has entered into a MoU with DHL express to streamline the global export of Indian-made jewellery, ensuring smoother international trade processes.
Optimism for Export Growth in 2025
Mr. Shah expressed confidence regarding export prospects for 2025, particularly due to expected geopolitical stability under US leadership. He believes this could significantly enhance India’s jewellery exports.
Singur: A Promising Export Hub for Fashion Jewellery Domestically, GJEPC has set its sights on Singur, West bengal, as a future global export hub for fashion and costume jewellery. With a skilled workforce—20% of whom are women artisans—and a strategic location near Kolkata International Airport, Singur is well-positioned to become a key manufacturing center. Mr. Shah emphasized that shifting global trade dynamics could open up significant opportunities for Singur’s jewellery makers to broaden their international presence.