The Indian Gems and jewellery market is robust. With a market size estimated in the region to be around of `3 lakhs crore per annum. The sector is the second highest employer after the IT industry. It employs roughly 2.5 million people and contributes about 7 per cent of India’s GDP. India is the largest consumer of gold in the world. It is also the largest exporter for diamonds. According to the GJEPC 9 out of 10 diamonds in the world are cut and polished in India. In focus story also throws light upon jewellery and watch market in india
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