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India’s gems and jewellery export sector—which is one of the largest in the world—contributed ~27% to the global jewellery consumption in 2019. Market size of the global gems and jewellery sector is likely to expand to US$ 103.06 billion between 2019 and 2023. India’s gems and jewellery exports are expected to reach US$ 100 billion by 2025. In FY21, exports of gems & jewellery stood at US$ 25.30 billion. In March 2021, exports of gems & jewellery stood at US$ 3.42 billion. In April 2021, India exported gems & jewellery worth US$ 3.37 billion compared with US$ 36.11 million in April 2020. In September 2020, the US was the largest country (at 44%) to import gems and jewellery (US$ 938.54 million) from India, followed by Hong Kong (~33%) and the UAE (~13%). In FY21, cut and polished diamonds accounted for 67.75% of the total gems & jewellery exports. According to Gem and Jewellery Export Promotion Council, between April 2020 and December 2020, gold bars accounted for ~6.8% (US$ 678.77 million) and gold jewellery at ~1.8% (US$ 181.49 million) of the total gems and jewellery imports in India. As per the World Gold Council (WGC), India’s gold demand stood at 446.4 tonnes in 2020. India has 10 special economic zones (SEZ) for gems & jewellery. These zones have more than 500 manufacturing units, which contribute 30% to the country’s total exports. The Government has permitted 100% FDI in the sector under the automatic route, wherein the foreign investor or the Indian company do not require any prior approval from the Reserve Bank or Government of India. The Government has made hallmarking mandatory for gold jewellery and artefacts and a period of one year is provided for its implementation. As per Union Budget 2021, the Gem and Jewellery Export Promotion Council has proposed a reduction in import duty on cut and polished diamonds to 2.5%, from the existing 7.5%, in order to double exports of gems & jewellery to US$ 70 billion by 2025.
India’s diamond trade is facing a shortage of rough diamonds worth $350-500 million ahead of the upcoming holiday season sales in the overseas markets, said industry executives. Miners attributed the supply shortage to the Covid-19, which, they said, forced them to curtail operations at the mines.
With our awe-inspiring array of gemstones, we create a world of colour, imagination and beauty. On the one hand, we present a collection of timeless heritage jewellery seeped in Indian traditions. On the other, we offer spell-binding pieces that appeal to modern sensibilities. Revel in our unique gemstone rings and jewellery set in gold.
Our gold bracelets for men and women are sculpted with utmost precision. The collection is highly exclusive and versatile, completely embodying our design aesthetic. Our resplendent bracelets can also be worn alone to bring out your shine.
Whether you’re setting up umbrellas at your pool or stocking your spa with robes, we have all the pool and spa supplies you need.
This collection brings a skilful combination of gold, diamonds and enamels in shades of blue, green and yellow. Each design intricately recreates the lustrous eye of the peacock.
A mandala defines a sacred space. It is a circle; which reveals an inner truth about you or the world that surrounds you. Mandala art has been used throughout the world for self-expression, spiritual transformation, and personal growth.
Natural diamonds are formed under the Earth’s surface at extreme pressure and scorching temperatures of above 1000 degrees Celsius. Imagine the process in dramatic slow-motion – volcanic rocks (kimberlites) bearing diamonds, incorporating into scalding magma and bubbling up from unimaginable depths. 80% of the world’s diamond supply comes from Botswana, Canada, Russia, and South Africa, where mining involves years of research and investment. In return, it positively impacts local communities by providing education, employment, and healthcare, with a long-term vision for sustainable development.
While a certificate traces a diamond’s journey, it can’t fully reflect the incredible individuality of your sparkler. “A certificate can’t quantify the nuances of a diamond’s beauty like it’s fire which is sometimes brilliant even in the case of a lower grade piece like a VVS2 or VS1,” enthuses Tara Daswani of Tara Fine Jewellery. This beauty is further enhanced when skillfully set into a piece of jewellery. Daswani – whose contemporary designs require her to custom-calibrate diamonds, especially her beloved irregularly-shaped baguettes – breaks down the process of designing a piece of diamond jewellery into four specialties – Manual/Computerised Sketching, Sorting, Setting and Polishing – which take around four weeks to slip from a piece of paper into your finger. Daswani relies on the experienced eyes and hands of her karigars’ (Indian craftsmen) at every step.
