Gold
The gems and diamonds industry contributes over 15 per cent of India's total exports. The industry is jewellery industry is
predominantly divided into two segments: Gold jewellery and fabricated studded jewellery (diamonds as well as gemstone studded
jewellery)
• India consumes nearly 800 tonnes of gold accounting for about 20 per cent of the world gold consumption...
• ...of which nearly 600 tonnes goes into making jewellery.
• According to The World Gold Council (WGC) total gold supply in the second quarter this year stood (Q2FY08) at 840 tonnes,
whereas the demand was 944 tonnes.
• A study by KPMG reveals the Indian jewellery market to be US$ 13.5 billion in fiscal 2006-07, accounting for 8.3 per cent of world jewellery sales.
The gems and diamonds industry contributes over 15 per cent of India's total exports. The industry is jewellery industry is
predominantly divided into two segments: Gold jewellery and fabricated studded jewellery (diamonds as well as gemstone studded
jewellery)
• India consumes nearly 800 tonnes of gold accounting for about 20 per cent of the world gold consumption...
• ...of which nearly 600 tonnes goes into making jewellery.
• According to The World Gold Council (WGC) total gold supply in the second quarter this year stood (Q2FY08) at 840 tonnes,
whereas the demand was 944 tonnes.
• A study by KPMG reveals the Indian jewellery market to be US$ 13.5 billion in fiscal 2006-07, accounting for 8.3 per cent of world jewellery sales.