India targets $100 billion in gems and jewellery exports by 2040
India’s gems and jewellery sector is targeting $100 billion in exports by 2040, up from an estimated $28 billion in 2025-26. The roadmap prioritises design-led branded products, MSME scaling, technology adoption, market access and higher value addition under the “Crafted in India” proposition.
What happened
Gem & Jewellery Export Promotion Council (GJEPC) · India has set a 2040 target of USD 100 billion in gems and jewellery exports, focusing on design-led branded
Key facts
- USD 100 billion gems and jewellery export target by 2040
- USD 28 billion exports in 2025-26
- 1.2% projected contribution to India's GDP
- 14% projected share of India's merchandise exports
- Manufacturing output target of approximately Rs 15 lakh crore
- Overall economic value target of nearly Rs 60 lakh crore
Why this matters
Corporate development teams should prioritize acquisitions, supplier partnerships and market-access alliances that strengthen design capabilities, scalable manufacturing and overseas channel reach.
What to watch
- Progress on trade agreements and tariff treatment with the EU, UK and US.
- Share of branded and finished jewellery in total exports versus loose stones and low-value manufacturing.
- Gold-price direction, consumer financing availability and wedding-demand resilience in key export markets.
- Adoption of traceability standards, digital product passports and responsible-sourcing requirements.
- Lab-grown diamond pricing, export mix and margin trends relative to natural diamonds.
- MSME access to credit, technology upgrades and skilled jewellery-design labor.
- Export-market concentration trends and growth in direct-to-consumer Indian jewellery brands abroad.
- Increase investment in proprietary collections, design studios and premium brand architecture rather than only manufacturing capacity.
- Build end-to-end provenance, hallmarking, product-passport and ESG compliance capabilities for US and European buyers.
- Use omnichannel expansion and diaspora-focused stores or partnerships to test branded Indian jewellery in export markets.
- Consolidate MSME supplier networks through shared technology, financing, procurement and export-compliance platforms.
- Expand lab-grown diamond, recycled gold and lightweight daily-wear assortments to hedge changing consumer preferences and gold affordability.
- Prioritize trade-corridor strategies for the US, UAE, EU, UK and emerging diaspora markets, with localized product and pricing.