Category: Gems and Jewellery
-
The Price of Being Ordinary
A jewellery market can sparkle while becoming harder to enter. More spending does not necessarily mean more buyers, and stronger retail sales do not automatically create opportunities for every producer. For Indian heritage jewellery exporters, the dangerous assumption is that a rich craft tradition will find its own customers. Heritage…
-
Diamonds Are Forever—But the Industry Is Not
For nearly a century, the diamond industry sold more than a gemstone. It sold permanence. Love that outlived generations. Wealth that resisted time. The slogan “A Diamond is Forever” did not just market a product—it created an economic myth that sustained prices, employment, and national industries across continents. Yet from…
-
India’s Diamond Industry Faces Mounting Pressures: The Case of Surat’s Declining Exports
For decades, Surat has been the glittering heart of the global diamond polishing and cutting industry, processing nearly 90% of the world’s diamonds. Known as the “Diamond City of India,” the city’s intricate craftsmanship, cost efficiency, and skilled workforce turned it into a global hub, supplying polished stones to luxury…
-
India’s Diamond Industry: Crisis at a Crossroads
The Indian diamond industry, long regarded as a global hub for diamond cutting and polishing, is facing an unprecedented crisis. With over a million people employed in this sector, the downturn is not only an economic setback but also a humanitarian challenge. Key data and trends from recent years highlight…
-
India’s Gems and Jewellery Industry
Introduction India’s gems and jewellery industry has showcased remarkable resilience and growth despite various global challenges. In 2022-23, the industry experienced a 2.48% YoY increase in exports, reaching Rs 3,00,462.52 crore, driven by the demand for cut and polished diamonds. Moreover, India emerged as the largest exporter of such diamonds…
