INDIAN JEWELLERY AT A GLANCE IN 2014 - 2015 The domestic gems and jewelry industry had a market size of Rs 251,000 crore (US$ 40.45 billion) in 2013, and has the potential to grow to Rs 500,000-530,000 crore (US$ 80.59-85.43 billion) by 2018, according to a study. The study also projected that the country's gems and jewelry market could double in the next five years.
India's gems and jewelry sector has been contributing in a big way to the country's foreign exchange earnings. In FY14, India's gems and jewelry sector contributed US$ 34,746.90 million to the country's Foreign Exchange Earnings.According to a report, the Jewelry Market in India is expected to grow at a CAGR of 15.95 per cent over the period 2014-2019.
The cumulative foreign direct investment (FDI) inflows in diamond and gold ornaments in the period April 2000-December 2014 were US$ 476 million, according to Department of Industrial Policy and Promotion (DIPP).Platinum jewelry could breach the Rs 2,500 crore (US$ 402.95 million) mark in FY15, according to research experts in the field.
