Gems and Jewellery in India
The gems and jewellery industry has an important role
in the Indian economy. India is the largest market for
gold jewellery in the world. Gold dominates the Indian
jewellery market and formulates almost 80 per cent
of the market share, which is followed by fabricated
studded jewellery including diamond and gemstone
Further, India has emerged as the
largest cutting and polishing industry for diamonds in the
world.In fact, the two major segments of the gems and
jewellery business in India are gold and diamond
jewellery, as per an Exim Bank report.
Moreover, Southern India is poised to be the biggest
and the fastest growing jewellery market in the whole
country. While Tamil Nadu and Kerala are known for
plain gold jewellery, Andhra Pradesh and Karnataka
have emerged as good markets for studded jewellery.
The colored gemstones segment includes remaining
forms of jewellery which includes precious gemstones
like emeralds, sapphires, rubies and tanzanite; and
semi-precious gemstones like silver, pearls, etc.
Traditional Indian gemologists identified around 84
precious and semi-precious stones, amongst them nine
stones form the 'Navratnas or the nine gems'.