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  • Delhi
    PREACH LAW LLP
    Delhi Office at
    Plot No.B-34, Second Floor, Arjun Park, South West Delhi, New Delhi – 110043, India
  • Gurugram
    PREACH LAW LLP
    Gurugram Office at
    Chamber no.-145, Shaheed Sukhdev Singh Block, Near Gate No-1,District Court, Gurugram.
  • Mumbai
    PREACH LAW LLP
    Mumbai Office at
    Unit No. C-339, V.I.T. College Road,
    Wadala (East), Mumbai - 400 037.
  • Lucknow
    PREACH LAW LLP
    Lucknow Office at
    805-B, Sector-K, Ashiana, Lucknow, Uttar Pradesh, India,
  • Jaipur
    PREACH LAW LLP
    Jaipur Office at
    Opposite Road No.3, GTI Area, Sikar Road, Jaipur, Rajasthan - 302013
  • Kolkata
    PREACH LAW LLP
    Kolkata Office at
    Chamber No.215, High Court Of Kolkata West Bangal -: 700001
  • Allahabad
    PREACH LAW LLP
    Allahabad Office at
    138-A/1,Ram Priya Road, Prayag Allahabad, Uttar Pradesh

Gems & Jewelry

Gems & Jewelry

About Gems & Jewelry Industry

India is a major importer of gems and jewellery as well. Its imports of gems and jewellery stood at USD 28.3 bn during April 2017-February 2018 which increased at a compound annual growth rate (CAGR) of 7.8% from USD 11.63 bn in FY2004-05 to USD 28.8 bn in FY2016-17. US, Hong Kong and UAE are the major exporters who accounted for 75% of the total gems and jewellery exports from India during FY 2016-17. While on the other hand UAE, US, Russia, Singapore, Hong Kong, Latin America and China are the biggest importers of Indian jewellery. Gems and jewellery sector in India contributes about 16% to India’s total merchandise exports and has grown at a CAGR of over 14.8% over the last 50 years. India’s gems and jewellery sector is one of the largest in the world contributing 29% to the global jewellery consumption. Its market size is about USD 60 bn as of 2017 which is expected to reach USD 110 bn by 2022. It currently employs more than 4.5 mn people and is expected to provide employment opportunities to more than 8.2 mn people by 2022. Gems & Jewellery could be divided in the following subsectors:


India being the largest manufacturer of cut and polished diamonds in the world (almost 12 out of 14 diamonds sold in the world are either polished or cut in India),its global diamond market share is 60% & 90% in value & volume terms respectively

India is one of the largest exporters of Gems and Jewellery. The industry contributes a major portion to the total foreign reserves of the country and hence considered to play a vital role in the Indian economy. The overall net exports of Gems and Jewellery stood at USD 35.6 bn during FY2016-17 registering a growth of 9.1% over FY 2015-16. Exports of cut and polished diamonds, gold jewellery & silver jewellery registered a growth of 10.2%, 1.9% & 35.9% respectively during FY2016-17. Exports of gold coins & medallions stood at USD 1.9 bn while silver jewellery stood at USD 3.3 bn during April 2017-February 2018.

  • ● Diamonds
  • ● Gemstones
  • ● Pearl
  • ● Gold, Silver & Platinum Jewellery

Policy Regime

The GoI has permitted 100% Foreign Direct Investment (FDI) in the sector under the automatic route. The Gems and Jewellery sector is witnessing changes in consumer preferences due to adoption of western lifestyle. Consumers are demanding new designs and varieties in jewellery, and branded jewellers are able to fulfil their changing demands better than the local unorganised players. Moreover, increase in per capita income has led to an increase in sales of jewellery, as jewellery is a status symbol in India

The cumulative Foreign Direct Investment (FDI) inflows in diamond and gold ornaments in the period April 2000 – December 2017 were US$ 1,111.52 million, according to Department of Industrial Policy and Promotion (DIPP). Some of the key investments in this industry are listed below.

  • ● An international diamond exchange will be set up in Surat by October 2020 at a cost of Rs 2,400 crore (US$ 372million).
  • ● Companies such as PC Jewellers, PNG Jewellers, Popley and Sons, are planning to introduce a virtual-reality (VR) experience for their customers. The customer will have to wear a VR headset, through which they can select any jewellery, see the jewellery from different angles, and zoom on it to view intricate designs

Major players of the Industries

There are many players of Gems & Jewellery in India, we are described some following

  • ● Bhima Jewellery
  • ● Gili India Ltd.
  • ● Gitanjali Gems Ltd
  • ● Hari Krishna Exports Pvt Ltd
  • ● Kalyan Jewellers
  • ● Khazana Jewellery Pvt Ltd
  • ● Kiran Gems Pvt Ltd
  • ● Emerald Jewel Industry India Ltd
  • ● Malabar Gold Pvt Ltd
  • ● PC Jeweller Ltd
Legal services of Preach Law LLP

The firm provides advice on cutting-edge issues that cover multiple legal and business disciplines. Our expertise and understanding of the business is the foundation for providing full range of legal services including

Regulatory Approvals/Representations Advisory Services.
  • ● Arbitrations & Litigation
  • ● Foreign Investments
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  • ● Structuring
  • ● Offset policy
  • ● Statutory Compliances
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  • ● Contracts
  • ● Teaming Agreements
  • ● Auction/Bid Management etc.
  • ● Tax & Regulatory Structuring
  • ● vSourcing/Supply and Service Agreements.
  • ● Regulatory Approvals/Representations
  • ● Advisory Services
  • ● Information Technology Enablement
  • ● Review/Appeal of Administration Decisions
  • ● Regulatory Approvals/Representations
  • ● Advisory Services
  • ● Review/Appeal of Administration Decisions.
  • ● Trademark, Patents and Copyrights registration, and prosecution
  • ● BIS registration and compliances

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