Industry Overview
India's gem & jewellery sector is anchored by Surat (90% of world's diamond cutting & polishing), Mumbai BKC/SEEPZ (studded gold jewellery manufacturing & global trading hub), and Jaipur (coloured gemstones — emerald, ruby, sapphire, tanzanite). India is also the world's #1 producer of lab-grown diamonds (LGDs) with $1.5B+ exports. Top destinations: USA (~$10B, largest market), UAE, Hong Kong, Belgium, Israel, UK, Singapore. Leading exporters: Rajesh Exports, Kalyan Jewellers, Titan, Joyalukkas, Hari Krishna Exports, Kiran Gems, Dharmanandan Diamonds, Renaissance Global, Asian Star.
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Major Production & Export Hubs
Surat (Gujarat)
Diamond Cutting & Polishing
World's diamond cutting capital — processes 90%+ of global diamonds. 5,000+ units, 800,000+ artisans. Hari Krishna Exports, Kiran Gems, Dharmanandan, Shree Ramkrishna. Hub for LGDs (60% of global production).
Mumbai (BKC & SEEPZ SEZ)
Studded Gold Jewellery
Bharat Diamond Bourse (world's largest), SEEPZ SEZ jewellery manufacturing, BKC trading hub. Rosy Blue, Renaissance Global, Asian Star, Goldiam International. Primary export gateway to USA, UAE, Hong Kong.
Jaipur (Rajasthan)
Coloured Gemstones
World's largest coloured gemstone cutting hub. Emerald, ruby, sapphire, tanzanite, garnet, amethyst, citrine. 50,000+ artisans. Gem Plaza, Surana Group, Amrapali. Also strong in silver jewellery.
Chennai & Coimbatore
Plain Gold & Temple Jewellery
South Indian gold jewellery hub. Joyalukkas, Kalyan Jewellers, GRT, Bhima. 22k traditional designs for GCC, USA, UK, Singapore diaspora markets.
Kolkata (West Bengal)
Filigree & Hallmarked Silver
Traditional silver filigree & cuttack work, hallmarked 925 silver jewellery. Strong USA & EU costume jewellery exports.
Source Diamonds, Gold & Silver Jewellery from India
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Indicative Pricing (FOB India)
| Product | Price Range | MOQ |
|---|---|---|
| Polished Diamond (1ct, G/VS, IGI) | $3,800 – $5,500/ct FOB | 10 ct |
| Lab-Grown Diamond (1ct, G/VS, IGI) | $420 – $780/ct | 50 ct |
| Coloured Stone (Emerald, 1ct) | $80 – $1,200/ct | 100 ct |
| Studded 14k Gold Ring (CAD-CAM) | Gold + $35 – $90 making | 100 pcs |
| 925 Silver Pendant (Plain) | $0.95 – $1.85/g + $0.30 making | 1,000 pcs |
| Costume Jewellery Set (Brass + CZ) | $1.20 – $4.50/set | 1,000 sets |
Frequently Asked Questions
Why source diamonds & jewellery from India?
India cuts 14 of every 15 diamonds traded globally — unmatched scale, depth of skilled labour, and lowest cost-per-carat ($5-15 polishing cost vs $25-40 in Antwerp/Tel Aviv). Lab-grown diamonds: India produces ~60% of world's CVD rough and polishes 80%+ — typically 25-40% cheaper than China. Studded gold jewellery: SEEPZ SEZ offers duty-free manufacturing with GJEPC oversight, IGI/SGL grading, and Kimberley Process Certificate (KPC) compliance.
What grading & certification standards apply?
Diamonds: <strong>GIA, IGI, HRD, SGL</strong> grading reports. Lab-grown diamonds must be laser-inscribed and certified as LGD (FTC mandate in USA). Coloured gemstones: <strong>GIA, GRS, Gübelin, AGL</strong>. Gold: <strong>BIS Hallmark</strong> (India), <strong>Assay Office</strong> (UK), specific purity certificates. Kimberley Process Certificate (KPC) mandatory for natural rough diamond imports/exports. SEEPZ units issue self-certified KPC for re-export.
How is jewellery shipped internationally?
Air-only — never by sea. Insured by Brink's, Malca-Amit, Loomis, Ferrari Group through dedicated diamond/jewellery couriers. Documents: GJEPC permit, KPC (for diamonds), commercial invoice with HSN 7102/7113/7117, insurance certificate, IEC. India → USA (JFK) 36-48 hours; India → Hong Kong 24-36 hours. Customs: India self-certification under SEEPZ SEZ; US imports duty-free for cut diamonds (HTS 7102.39), 5.5% for gold jewellery (HTS 7113.19).
Can I order custom-designed jewellery (private label)?
Yes — Indian manufacturers excel at CAD-CAM rendering (Matrix, Rhino, Jewel CAD), 3D wax printing, lost-wax casting, hand-setting, and final polishing. MOQ for studded gold: 50-100 pcs per design. Lead time: 30-45 days from CAD approval. Brands like Pandora, Swarovski, James Avery, Helzberg, and Signet Jewelers source large volumes from Indian SEEPZ units.
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