Gems and Jewellery edited FINAL - smallB

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The industry is dependent on imports for raw materials
The main raw materials for the gems and jewellery industry are
rough diamonds, recycled gold and gold bars. The industry is
highly dependent on imports for its requirement. Rough
diamonds and gold bars are imported, while recycled gold is
obtained from the domestic market.
US$ million
Imports of Diamond and Gold Bars
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
4,812
439
4,350
497
Source: Gems & Jewellery Export Promotion Council, India
India imports all its requirements of rough diamonds. India
imported rough diamonds worth US$ 7.141 billion in 2004
compared to US$ 6.271 billion in 2003. The imports of diamonds
in India have grown at a CAGR of around 10 per cent over the
last four years. Imports of rough diamonds grew 6.3 per cent to
US$ 7.59 billion in 2004- 05.
India imported gold bars worth US$ 815 million in 2004
compared to US$ 439 million in 2000, a CAGR of around
16.7 per cent for the past four years.
The imports of gems in India have been consistent for the
past three years. India imports small quantities of pearls and
synthetic stones compared to diamond and gold. India imported
US$ million
4,205
573
6,271
667
7,141
815
1999-2000 2000-2001 2001-2002 2002-2003 2003-2004
Diamond Gold bars
Imports of Gems, pearls and synthetic
stones by India
120
100
80
60
40
20
0
89.3
4.8
0.4
95.9
5.9
0.2
63.5
4.6
0.2
68.1
6.0
0.5
72.6
4.6
1.9
1999-2000 2000-2001 2001-2002 2002-2003 2003-2004
Coloured gems Pearls Synthetic stones
Source: Gems & Jewellery Export Promotion Council, India