India being a heritage hub for the gems and jewels is still topping the charts for its popularity. With just $8 billion diamond polishing industry has made the world to do salsa on her tunes and has taken a bigger slice of the global gems and jewellery through magnificent designs and manufacturing.

It is controlling 80% of trade around the globe. During 2004, total exports of gems and jewellery from the country was US $ 14, 680 billion comprising to this it has risen to 75% which indeed showcase the mark of the country in the world-wide. Well the message is crystal clear; the diamond segment consolidation is well underline while the jewellery segment seems to be no breaker or stopping the market bold forwardness and also its indications of maintaing an annual growth of ten to fifteen percent over the coming next years.

Well due to economic downing in the united states, which estimated for more than fifty percent of India’s diamond exports and also with the shortage in supply of rough diamonds in which we has expertise and a positive angle advantage, has resulted into GJEPS scouting for taking diamond rights from the mines respectively. “The GJEPC is now exploring the possibility of direct procurement of rough diamonds from mining countries in Africa and Russia to cut down on costs of rough diamonds and to get better quality and supply,” according to the commerce ministry. At only three places or key points emphasis should be given are the widening the base of producers catering to the export market, continuously upgrading the technical skills with modern technology and taking major initiatives for designing and developing the forum.

India itself a big domestic market of 800 ton gold consumption per year and is growing with high magnitude for spending capacity of middle class people. But there is a very positive piece of cake available in India and that is we are very rich in manpower aka human resource power. India is quite a competition on labor front and outsourcing is quite favaourable with improving infrastructure facilities, apt custom duties and license, skilled men power and the best thing easily availability of raw materials and special emphasis for design and development. We are also doing well in marketing with excellent marketing skills for local and international business as well. Statistically nine in every ten polished and cut diamonds in the world India sharing fifty five percent in the global market and about eighty percent in carat.

And yes as far as our employment in concerned with our monopoly in the world has led us to rule the market with great skills and high productivity and which will increase with the expanding of this industry every yearly.