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ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
29
The financial year 2015-16 has been another testing times for the Indian Gem & Jewellery industry as the
business was affected by the rising cost of raw materials, depressed demand and slowdown of markets.
Although the profitability and liquidity was impacted, the industry has managed to put up a decent performance
to match up with the last year’s exports. The rigorous promotional activities in potential markets across the
world has helped in its export performance. Throughout the year, India was part of all the major international
shows, showcasing our talent and creativity in designing jewellery. Also the industry has been organizing Buyer-
seller meets to explore new markets for business.
The establishment of India Diamond Trading Centre (IDTC) would be a game changer for the industry as it would
now enable a majority of diamond companies to source rough directly from miners. Getting finance from banks
has been a key challenge for our industry as they now seek for improved transparency in the industry. Know
your customer (KYC) initiative by the Council will help in bring more transparency in the industry. The setting
up of Common Facility Centers will help the artisans of villages and towns with technology which in turn would
result in to producing quality products and timely delivery of orders. Overall, this industry is geared up for a
growth trajectory as soon as the global market improves.
Exports of gems and jewellery from India during the fiscal
year 2015-2016 registered a performance of US$ 39286.50
million (Rs.257463.66 crores) compared with US$ 40027.98
million (Rs.244672.11 crores) in 2014-2015, indicating an
decrease of 1.85%.
Gem and jewellery export sector is one of the leading foreign
exchange earning sector accounting for around 14.98% of
A Great Show Against The Backdrop Of Global Economic Slowdown
Exports of Gems & Jewellery from India during 2015-2016
Target for
2015-‐2016
US$ in
Rs. in
US$ in
Rs. in
US$ in
Rs.
US$
Million
Crores
Million
Crores
Million
Total C & P Diamonds
20,630 1,35,401.23 20,667.79 1,41,514.28 23,160.18 -‐4.32 -‐10.76
(Quantity – Lakh Cts)
(335.08)
(345.35)
Gold Jewellery
11,000
56,137.90 8,557.26
60,510.03 9,903.61 -‐7.23 -‐13.59
Gold Medallions & Coins
34,417.25 5,258.96
17,392.47 2,836.78 97.89 85.38
Coloured Gemstones
640
2,847.18
433.26
2,773.39
453.25
2.66 -‐4.41
Pearls
7.02
1.06
12.14
1.98 -‐42.17 -‐46.46
Silver Jewellery
19,416.92 2,960.04
12,568.94 2,052.10 54.48 44.24
Synthetic Stones
472.80
72.55
483.15
78.76 -‐2.14 -‐7.88
Costume/Fashion Jewellery
201.25
30.52
136.31
22.27 47.64 37.05
Sales to Foreign Tourist
266.72
40.74
289.60
47.37 -‐7.90 -‐14.00
TOTAL
41,110 2,49,168.27 38,022.18 2,35,680.31 38,556.30 5.72 -‐1.39
Exports of Rough Diamond
7,675.83 1,169.95
8,666.67 1,418.57 -‐11.43 -‐17.53
(Quantity in Lakh Cts)
(305.66)
(339.44)
Rough Stones, Pearls & other
Roughs
619.56
94.37
325.13
53.11
GROSS TOTAL
41,110 2,57,463.6 39,286.50 2,44,672. 1 40,027.98 5.23 -‐1.85
eturn Consignment
43,592.37 6,658.06 23,050.35 3,760.15
Net Exports
2,13,871.29 32,628.44 2,21,621.76 36,267.83 -‐3.50 -‐10.03
NOTE:
1. Figures in bracket shows quantity of diamonds in lakh carats.
(As per RBI monthly average exchange rate)
Actual Export
Actual Export
April'2015 / March'2016 April'2014 / March'2015
Items
Percent Growth /
decline over
previous year
8,840
Export Review
The Gem & Jewellery Industry
the country’s total merchandise exports estimated at US$
262290.13 million.
Cut and polished diamond segment, at US$ 20667.79 million
accounted for 52.61%of the total gems and jewellery exports.
Gold jewellery exports at US$ 8557.26 million stood second
accounting for 21.78% of total exports. Gold medallion and
Coins exports at US$ 5258.96 million stood third accounting
for 13.39% of total exports.
Total Exports
Source: Collected from Customs
