Key Highlights:

• A detailed overview of the Indian gems export market, including what can be exported, key destinations and more.

• The HS code of gems and jewellery is 7103.

• India exported $476,814,648.17 worth of gems and jewellery in 2024-25.

• The top gemstone exporting company in India is Lunawat Gems, with a market share of 75.5% in 2024-25.

From the jewellery of the royal maharajas to our grandmother's heirloom boxes, gemstones have a soft corner for Indians. From diamonds & rubies to emeralds & sapphires, Indian souks and bazaars are filled with glimmering stones in every colour and shape that you could possibly think of. And, not to mention, Indian gems are gaining momentum worldwide. Want to explore what's the hottest region for Indian gem exports? Read on to find out.

The Indian Gems Export Landscape

Before we dive deep into the top 10 destinations for Indian gem exports, it’s important to get a clear picture of the market itself. Is there even any demand, quite literally, for jewellery exports from India? Do people genuinely care about Indian gemstones? Answering these questions will help us understand just how deep the sparkle runs across global markets.

According to global trade data, Indian gems and jewellery exports are projected to reach $100 billion by 2027. What's more is that in 2024-25, Indian gems and jewellery exports reached $22.27 billion, with many government initiatives emphasising the "Make In India" ethos.

Top 10 Destinations For Indian Gems Export

Indian gemstones aren't just mere stones; they're globetrotters. Here's a closer look at where they shine the brightest.

1. Hong Kong

Topping the list of Indian gems export destinations is Hong Kong. At the apex of Asia's gemstones trade, Hong Kong held a market share of 37.66% between 2024 and 205. From pearls, semi-precious stones and diamonds as its key imports from India, the nation acts as a mediator between India and China.

2. The United States

Following right behind is the United States with a market share of 24.33% during 2024-25. While a major percentage of Americans import diamonds, Americans also love their sapphires and emeralds, especially in their engagement rings.

3. Thailand

Next up is Thailand. What's the first thing that pops into your mind when you think of Thailand? Is it the serene beaches or the huge mangoes? Well, while these are a few notable features of Thailand, the Southeast Asian nation is also known for its gem imports from India, especially with a market share of 18.35%.

From garnets and spinels to rough-cut stones, Thailand stands as a key link in transforming raw gemstones into refined jewellery pieces, ready to be shipped out to global markets.

4. Italy

En route, our list of the top 10 destinations for Indian gems exports is Italy. Accounting for 4.52%, the jewellers of Italy add their bit of style & flair to Indian gemstones. From sapphires to rubies, Italy savours fine craftsmanship to make it an integral part of their sweet heritage and luxury.

5. The United Arab Emirates

Standing fifth as the top destination for Indian gem exports is the United Arab Emirates. Accounting for a market share of 4.4%, the UAE imports diamonds & coloured stones from India and serves as a major re-export hub for jewellery exports from India across the Gulf.

6. Switzerland

In addition to these countries, Switzerland also imports gems from India. In fact, the alpine beauty held a market share of 2.78% in 2024-25 with a range of gemstones, including agate, diamonds and other types of precious stones.

7. Japan

From cherry blossoms to origami, Japan is emblematic of grace and discipline. But, surprisingly, the Samurai nation also imports a significant amount of gemstones from India. Not to mention, the country held a market share of 2.29% in 2024-25, consisting of sapphires, emeralds and rubies.

8. France

Holding its ground in the top 8 is France. Often known for its freshly baked croissants, the European nation is also a significant importer of gemstones from India, especially for its haute couture. Representing a market share of 2.20% of Indian gems exports, France imports a variety of sapphires, garnets and Indian diamonds to turn stones into exquisite statement pieces.

9. Germany

In the game of gems export from India, Germany is a rising star as one of the key destinations. Despite its relatively low market share of 1.85% in 2024-25, the country still imported emeralds, diamonds, rubies and other types of semi-precious stones from India.

10. The United Kingdom

Last but not least is the United Kingdom. With a market share of 1.61% in 2024-25, the British nation is trying its best efforts to strengthen its stance in the global gems market. From coloured gemstones, lab-grown or synthetic diamonds and other pearls, the UK is emerging as a key destination. However, it still has a long way to go before it reaches the level of the other countries for Indian gem exports.

In A Nutshell

Overall, Indian gemstones are more than mere rocks & pebbles. Instead, they’re a symbol of the country’s rich heritage, culture & traditions, making them a global favourite. In fact, many countries seek Indian gemstones and jewellery for their craftsmanship and quality. Curious to find the right suppliers that fuel India’s gem exports? Book a free demo with Ex-Im today!

Frequently Asked Questions (FAQs)

1. What gemstones & jewellery are exported from India? 
Indian gem exports consist of lab-grown or synthetic diamonds, cut & polished diamonds, coloured gemstones, silver jewellery, platinum jewellery, and other articles of gold.
 
2. What are the most popular gems in India? 
Rubies, Emeralds, Sapphires of blue, yellow and coral, Hessonites, Cat Eyes and Diamonds are a few of the most sought-after gemstones in India.

3. Which city is famous for gemstones in India? 
Although there are several cities that contribute to India's gem exports, Jaipur is the most famous for Indian gemstones. 

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